Cấu trúc bài Assignment đề tài quản trị doanh nghiệp - lamthueassignment

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Thứ Tư, 16 tháng 8, 2017

Cấu trúc bài Assignment đề tài quản trị doanh nghiệp

There is no better way to learn the subject than to try out everything we do in class on a real company in real time. The company should be publicly traded and have at least one year of trading history and one set of annual financial statements. The company can be listed in any market.

CONTENTS

  1. Corporate Governance Analysis

Is this a company where there is a separation between management and
ownership? If so, how responsive is management to stockholders?
What are the other potential conflicts of interest that you see in this firm?
How does this firm interact with financial markets? How do markets get
information on the firm?
How does this firm view its social obligations and manage its image in
society?

2. Stockholder Analysis

What is the breakdown of stockholders in your firm - insiders, individuals and institutional?
Who is the marginal investor in this stock?
Cấu trúc bài Assignment đề tài quản trị doanh nghiệp
3. Risk and Return

What is the risk profile of your company? How much overall risk is there
in this firm? Where is this risk coming from (market, firm, industry or currency)? How is the risk profile changing?
What return would you have earned investing in this company’s stock?
How risky is this company’s equity? What is its cost of equity?
How risky is this company’s debt? What is its cost of debt?
What is this company’s current cost of capital?

4. Capital Structure Choices

What are the different kinds or types of financing that this company has
used to raise funds? Where do they fall in the continuum between debt and
equity?
How large, in qualitative or quantitative terms, are the advantages to this
company from using debt?
How large, in qualitative or quantitative terms, are the disadvantages to
this company from using debt?
From the qualitative trade off, does this firm look like it has too much or
too little debt?

5. Optimal Capital Structure

Based upon the cost of capital approach, what is the optimal debt ratio for
your firm?
Bringing in reasonable constraints into the decision process, what would
your recommended debt ratio be for this firm?
Does your firm have too much or too little debt
o   Relative to the sector?
o   Relative to the market?
Your firm’s actual debt ratio is different from its “recommended” debt
ratio, how should they get from the actual to the optimal? In particular,
o   should they do it gradually over time or should they do it right now?
o   should they alter their existing mix (by buying back stock or retiring
debt) or should they take new projects with debt or equity?
What type of financing should this firm use? In particular,
o   should it be short term or long term?
6. Optimal Capital Structure

How has this company returned cash to its owners? Has it paid dividends
or bought back stock?
How much cash has the firm accumulated over time?
Given this firm’s characteristics today, how would you recommend that
they return cash to stockholders (assuming that they have excess cash)?
Given this dividend policy and the current cash balance of this firm, would
you push the firm to change its dividend policy (return more or less cash to
its owners)?
How does this firm’s dividend policy compare to those of its peer group

and to the rest of the market?

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