1,721,078 research outputs found
International business assessment of Renault in India
No full textObjective of this report is to discuss and analyze strategic decisions taken by Renault Group to enter in a foreign automobile market India. It also highlights mode of entry as well challenges Renault faced in establishing itself in Indian market. Author keywords: International management, Renault, Indian automobil
In what extent active management brings more value to its investors than passive management?
No full textThe main purpose of this study is to understand in what extent active management brings more value to investors than passive management. This study attempts to answer the theories stating that passive management performs better on the long term than active management.
Since a few years, financial markets are marked by speculation and mainly the rise of algorithmic trading, also called high-frequency trading.
Sources used in this dissertation come from secondary and primary data. The former were collected in books, journals, academic articles, newspapers, and Internet to constitute the literature review. The primary data were gathered by realising semi-structured interviews of fund managers, using active management methods.
In the first part of this dissertation, the literature review is a critical analysis of the subjects surrounding the study. The author defines and identifies the factors impacting fund managers’ portfolios. The managers’ psychology is seen as one of those factors and is developed with the help of Behavioural Finance.
The second part of the study implement the primary data gathered from the interviews. The information is presented, analysed, and used to answer the research questions, as stated in the introduction.
This qualitative dissertation describes and analyses the factors impacting fund managers and their portfolios. It has for objective to understand why active management is known to not perform better than passive management, and what value could it bring to investors.
This research contributes in helping fund managers to use the right investment strategies and philosophies to earn higher returns, and investors to recognise the interest active management can have by giving them the tools necessary for their choices.
As it is a qualitative study, mathematics and algorithms do not enter the scope of this study. Author keywords: Asset management, behaviour, psychology, finance, market, returns, value investing, indexin
Swedish club football - will it ever challenge at top level in Europe again?
No full textThis Bachelor dissertation’s purpose was to penetrate Swedish club football in its top
level and try to identify why the clubs no longer can be challengers in the European
cups. The dissertation’s main research question was formed ‘Can Swedish football
clubs compete in the European Cups again as they once did?’.
The approach of this dissertation has been an inductive approach where the primary
data collection was carried out through a qualitative research with interviews by
electronic mails. The empirical foundation was a compilation of information
obtained from thirteen interviews with key people within the football industry in
Sweden.
A lot have changed in the world of football since Swedish clubs were challengers in
Europe and the big issues for Swedish clubs are their revenues. Increasing revenues,
more efforts in talent development and better facilities are the key factors for
success. Author keywords: Swedish football, UEFA, talent developmen
How effectively do major oil producing companies use derivatives in hedging market-based risk?
No full textThe researcher had established the goal to lighten up the crude oil market from the perspective of oil producing companies using derivatives as a part of their risk management strategies. Firstly, the researcher investigated that derivatives are an effective tool of a risk management during the market volatility, however, there was no empirical evidence found toward their effect on company’s enterprise value. Secondly, it has been established that the crude oil market is currently dominated more by speculators rather than hedgers, however, oil producing companies themselves mostly act as hedgers in the market. Author keywords: Finance, Derivatives, Oil industr
The use of crowdfunding as an alternative way to finance small businesses in France
No full textABSTRACT
The global financial crisis of 2008 has led to a sharp decline in granting loans to businesses by financial institutions in France while the financing stage for the creation or development of a small business or a start-up is the most important phase. In addition, it’s important to know that the French economy landscape is built by more than 95% of small businesses. The recent advent of crowdfunding also called “finance participative” in French can be considered in one of the solutions by an entrepreneur regarding the lack of traditional sources of funding support.
The purpose of this dissertation is to provide a general definition of the new concept of crowdfunding and whether it is a solid and sustainable alternative of funding for French entrepreneurs. The other objective of this research is to contribute to the French literature on this subject because it is very limited today. Moreover, the results of this study can be used by both entrepreneurs and investors as a user guide, as the author gives several recommendations to start a business or invest via crowdfunding platforms.
To implement this study, data were collected from two types of sources: primary and secondary data. The primary data were obtained through four interviews with French people directly related to crowdfunding: two entrepreneurs, one investor and one market expert. The secondary data come from multiple reliable supports (books, academic journals, official reports). The literature review aims to give a comprehensive definition of crowdfunding, explain its main characteristics and show its level of development in France.
The results indicate that crowdfunding is still an option for French entrepreneurs and not a strong enough alternative and recognized means of financing. This way of financing is experiencing an exponential growth in France and in the rest of the world and according to expert forecasts crowdfunding will become a major player in funding industry in the coming years. Crowdfunding development in France is supported by the current government who has initiated a reform to make a more flexible regulation and increased the investment amount for small companies via crowdfunding. The results also show that a crowdfunding campaign is a full time job and creating a community around the project is essential to attract investment crowdfunders. Author keywords: Crowdfunding, France, small businesses, financing, funding, entrepreneur, start-up, internet platform, SME, qualitative study, crowdsourcing, alternative econom
The implementation of Total quality management in the Chinese candle manufacturing industry : a potential supplier survey for the Candle Shop Dublin
No full textThis study is part of the potential supplier evaluation for the Candleshopdublin. In order to obtain an insight of the current status of Total quality management implementation and practices in Chinese candle manufacturing industry, the author looked into the literature of development of Total quality management in China, the argument around ISO 9000 Total quality management system, together with the current candle industry. Then a survey was conducted via emails among Chinese candle manufacturers. The survey was conducted via questionnaires designed with open questions demanding descriptive answers, which focus on different aspects of Total quality management implementation. The qualitative data contained in the questionnaires sent back were justified and interpreted into quantitative data, which were then coded and analysed. The analysis of the data indicates the low level of Total quality management implementation in Chinese candle manufacturing industry, and lack of understanding of Total quality management among Chinese candle manufacturers. Suggestions are made at the end both for Chinese candle manufacturers, and for business buyers who are searching for potential candle suppliers in China
Post-merger integration : achieving success in m & a
No full textThe main purpose of this study is to better understand how the post merger integration
contributes to a successful merger or acquisition transaction. This study attempts to find out
why the numbers of failures in M&A are so high.
This study used data from two sources, primary and secondary data. The primary data was
collected by in depth interviews. In fact, two interviews were done to achieve valuable
information. Secondary data was collected from different sources such as libraries, journal
articles, books, catalogues, textbooks and Internet.
The first part of this study starts with fundamentals of M&A, synergies and the post merger
integration to better understand the research problem.
The second part is about the primary data, which was collected through interviews. The
analysed data can help managers who are doing an M&A transaction or M&A advisors as
well. The study found out that most of the M&A transaction fail because managers not esteem
how important the post merger integration is. Transactions with a good post merger
integration were much more successful and thus it can be said that the integration is the key
point where companies will achieve their synergies.
However, this study found some important key factors, which can bring the desired success
and therefore the synergies. Author keywords: M&A, post-merger integratio
The potential of factoring as part of the working capital management. How far can German SME´s improve their financial management by the usage of factoring?
No full textThe consequences of the new bank regulation law Basel III will force German small and medium-sized enterprises to think about alternative forms of finance. In order to finance their business activities and to ensure a sufficient amount of liquidity within the company these firms could use factoring as part of their working capital management respectively their receivables management.
This dissertation shows that factoring would offer immense advantages to German SME´s concerning their liquidity management. Next to the opportunity to shorten the Cash Conversion Cycle they could also become less addicted to bank loans and their liquidity planning process could be simplified. However, it turned out that the willingness of using factoring depends on the company size. Especially smaller SME´s in Germany still deny the usage of factoring because they are afraid that the close relationship to their clients may be damaged. The study also identified a positive correlation between the average distance to the client and the willingness to use factoring. In other words SME´s which are located far away from their clients apply factoring more often than companies which are located near their clients.
Moreover it was found out that international factoring has a very high potential for small and medium-sized enterprises in Germany. In view of the growing meaning of internationalization for German SME´s, the usage of international factoring will surely increase in the future. Author keywords:Factoring, financing with receivable
Impact of field engineer services on overall customer satisfaction in call centre of a field service company. A case study: Currys, Ireland
No full textCustomer satisfaction is an important term for every business today. Field service industry has witnessed a drastic growth in recent years. Several self-employed and contract field engineers are increasing by leaps and bounds. The strategic goal of every field service organisations is customer satisfaction. In this dissertation, the reader finds an in-depth literature review and primary data through self-administered surveys and interviews conducted with the customers and managers of Currys, Ireland. The aim of this research is to provide insights and recommendations to field service organisations with regards to the services of their field engineers. This study analysis the influence of field engineer services on customer satisfaction level. The research topic of this dissertation is:
“Impact of field engineer services on overall customer satisfaction of an IT call centre: A Case Study, Currys, Knowhow Department, Dublin”
This research has taken a qualitative, inductive, interpretive and cross-sectional design in the form of a survey which was the most appropriate methodology for this research because the goal of achieving excellent customer satisfaction in field service organisations is a social phenomenon which has now become dynamic in nature. Gaps that were identified in the literature review and primary data are later discussed in data analysis and conclusion. Based on the findings in this dissertation, the researcher has assessed the existing performance of field engineers with relation to delivering services to customers. Also, a study was conducted with 55 customers of Currys, Ireland using survey through self-administered questionnaires and an interview with the manager who recruits field engineers and manages customer satisfaction. Author keywords: Customer satisfaction, field engineer services, field enginee
Iceland’s response to their economic and banking crises
No full textIn times before its economic crisis, Iceland developed to a country with one of the highest living standards in the world. This time was characterized by privatisation and liberalisation.
Its rise, however, ended abruptly in 2008 with its economic and banking crisis.
This crisis was enabled by an inefficient and deregulated banking sector combined with a weak and powerless supervision, which allowed banks to operate well beyond the capacity of the central bank. Total assets of the banking sector equated to 900 percent of the coutry’s GDP. With the beginning of the global financial crisis this model was no longer sustainable.
Iceland responded with a mix of partly unorthodox measures:
Banking reforms were initiated and supervision was strengthened.
Commercials and Central Bank was recapitalized
Capital controls were introduced to stop the Icelandic Krona from depreciating
Monetary policy was tightened to reduce and stabilise inflation
Public expenditure was reduced and taxes raised to return to a budgetary surplus and a positive current account
Fiscal deficits were bypassed by credit lines from the IMF and many other countries
Until now these measures had mixed results. It was possible to reduce inflation rate and stabilise the krona. Also did the fiscal balance return to positive, but is significantly lower than expected and planned. Similarly, the current account returned to appositive level, but nevertheless remained very volatile and small. Further did unemployment rate rise as a consequence of the restrictive policies, but has a trend to lower levels.
The measures therefore were partly effective, but their long-term consequences have to be observed further on. Author keywords: Iceland, crisis, fiscal policy, monetary policy, IMF, inflation, unemplymen
- …
