Corporate Finance and Crowd Funding Essay
Order ID# 45178248544XXTG457 Plagiarism Level: 0-0.5% Writer Classification: PhD competent Style: APA/MLA/Harvard/Chicago Delivery: Minimum 3 Hours Revision: Permitted Sources: 4-6 Course Level: Masters/University College Guarantee Status: 96-99% Instructions
Corporate Finance and Crowd Funding Essay
Subject: Accounting
Topic: Corporate Finance & Crowd Funding
Paper details:
REVISION: The main issue to address are the following:
- Include a List of Tables on a separate page.
- The summary should summarize what was done, how it was done, the main findings and key recommendations in bullet points, but NOT what WILL be done.
- Please find attached an assignment sample (13494302), and make sure you do the same quality work. You may use the same headings as there.
- be more specific and focus on the chosen company only avoiding general statements.
- Use British spelling and formal third‐person language. 6. The soft copy “(full text) Corporate Finance and Firm Value in…” is not used in the paper, why do you keep on sending it? Provide soft copies for Eka, H. and FMP n.d. sources.
- Write only 2000 words, excluding the summary.
- Thoroughly proofread for spelling mistakes, errors in grammar and content. Eliminate repetitions. Write clearly, ensure sentences are grammatically correct. Thank you. . Please confirm that you are working on it as soon as possible. The assignment is designed to test your understanding of corporate finance concepts and principles. It explores various knowledge areas within the module by applying your learning to the financial evaluation of the prospects for a company listed on a major stock exchange.
Because the future is uncertain, there is no perfect answer. So, you need to make your assessment of the company’s prospects as reliable and credible as possible by clearly stating and justifying your assumptions and grounding your analysis on accepted corporate finance theories and concepts. Always remember that this is not a strategy or marketing assignment, so focus mainly but not exclusively on the finance. Assignment Task Based on the systematic comparative appraisal of the selected firm’s historical performance: 1. Discuss how successful the selected firm has been at delivering value to its shareholders.
Analyse the historical total shareholder return (TSR) and economic value added (EVA) for the selected firm and its principal competitors (or appropriate benchmarks). Although a full ratio analysis for the company is not required and will not be assessed, you may find a ratio analysis supplemented by analysts’ and journalists’ reports on the company helpful in analyzing its past performance and as a guide to future performance. 2. Evaluate the current shareholder value of the selected firm. Apply discounted flow techniques (DCF) to the selected firm’s projected free cash flow (FCF) performance to determine its current shareholder value.
This is derived from the selected firm’s projected financial statements (Profit & Loss account, Balance Sheet, and Cash Flow statement). Your projections, including the firm’s terminal value, must be based on realistic and plausible assumptions that can be fully justified. The projection horizon should be a minimum of 5 years. The current shareholder value is obtained by discounting the future FCFs at the weighted average cost of capital (WACC), which should be estimated from the raw data. A full sensitivity analysis on the more significant assumptions should be conducted.
Additional information from various sources such as company annual reports of the selected firm and its competitors, analysts’ reports, news stories, industry trade publications, government and quasi-government reports on the industry should be accessed to guide your analysis and evaluation. Alternative methods for estimating the current shareholder value based on key financial ratios (P/E, P/B, and EV/EBITDA) and Net Asset Value should also be considered.
Significant differences between the estimates of shareholder value obtained from the above methods should be reconciled with the market shareholder value. A clear recommendation on the “correct” shareholder value for the selected firm with a clear justification should be made. Firm Selection Select a company listed on an internationally recognized and well-established Stock Exchange (such as London, New York, Tokyo, Mumbai).
It is important that historical share and stock index price data and financial statements for the selected firm and its competitors is available for a minimum of 5 years. It is preferable to select a firm operating in a single industry but not the financial industry since their accounts are more complicated and are regulated through central bank oversight. In your submission, you must also submit the supporting Excel (.xlsx) file showing your evaluations so please share the detailed calculation in XLS format for all ratios and sensitive analysis
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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