In the recent years, the developments of internet technologies are changing the world fast – from all of the following areas: political, social, economic and social-cultural context. Similarly, from the business management perspectives, the development and changes brought forward by the rapid advancement of Internet technologies are not something to be ignored. Indeed, it is […]
Introduction In this report, the article written by Tony Watson and Leary-Joyce (2010) will be compared. The two articles are selected for comparison purposes due to the contradicting arguments on how effective management for business success can be achieved. The report is structured as follow. Firstly, the two articles will be compared and contrasted. Later, […]
1.0 Introduction In the recent years, Asia has been developing fast and contributing significantly to the growth of the world economy. In this report, the literature related to economic growth and finance development in Asia will be reviewed. Before discussing the relationships between economic growth and finance development in greater details, the two variables, namely, […]
1.0 Introduction 1.1 Structure of this Report This is a report of financial and investment analysis on Best Buy. In order to understand if Best Buy is a viable investment target, the qualitative and quantitative aspects of Best Buy will be analyzed, investigated and studied. The report is structured as follow. Firstly, the company background […]
CHAPTER 5: CONCLUSION 5.1 Review of Research Objective In Chapter 1, it is explicitly outlined that this is a study to investigate if there are any statistically significant correlation relationships between cross sectional stock returns to several firm specific fundamental variables as follow: return on equity (ROE), price to earnings ratios (PE), price to sales […]
CHAPTER 4: DATA ANALYSIS 4.1 Presentation of Simulation Results In This section, the results simulated from SPSS will be presented. Firstly, for each pair of the fundamental variables to stock returns, correlation coefficient will be generated. Statistically significant correlation will suggest that there are significant relationships between the two variables. For those variables that exhibit […]
CHAPTER 3: RESEARCH DESIGN 3.1 Data Used in research 3.1.1 Country Selection for Research Purposes The country selected for investigation purposes is Malaysia. Malaysia is selected because it is a smaller country, and often is neglected in the context of study of stock returns. In contrast, there are already many studied conducted for developed nations, […]
CHAPTER 2: REVIEW OF LITERATURE 2.0 Background Study As discussed before, different financial market participants or pundits have different perceptions on which factors or variables are affecting stock returns in the financial market. For example, it can be found that market pundits tend to assert that if something happen, then stock returns will be affected […]
Executive Summary This is a study to investigate if there are any statistically significant correlation relationships between cross sectional stock returns to several firm specific fundamental variables as follow: return on equity (ROE), price to earnings ratios (PE), price to sales ratio (PS), price to net worth ratio (PNet), dividend yield (DY), rate of growth […]
Preface Tesco is a fast growing multinational company in the recent years, despite stiff competitions within the retailing industry around the world. The great success of Tesco provides many valuable lessons to scholars and practitioners. One area deserve serious attentions is about the successful strategic development of Tesco in the recent years, that enable the […]
CHAPTER V: CONCLUSION 4.1 Discussion on Results Findings From the results findings, it is obvious that not all economic indicators should be studied and followed by investors. As discussed in previous chapter, it is reasonably concluded that short term interest rates are indeed negatively related to stock returns. However, the low R-square of the regression […]
CHAPTER IV: DATA PRESENTATION AND ANALYSIS 4.1 Overview of the Chapter In this chapter, the data concerning stock return, as well as the specific macroeconomic indicators will be analyzed. Simulated results will be presented. The macroeconomic indicators investigated include the following: Straits Times Index, 1 month interbank rate, 3 month interbank rate, yield of 1 […]
CHAPTER III: RESEARCH METHODS 3.1 Data Sources In the research design, stock returns figures and the respective macroeconomic variables that are perceived to have logical and economic relationships with stock returns will be employed. In order to proxy for stock returns, Straits Times Index (STI) will be used. The data concerning STI will be obtained […]
CHAPTER II: REVIEW OF LITERATURE 2.0 Introduction In stock market prediction, there are many contradicting ideas and assertion that demand investors to take serious attention and to perform scientific research to falsify the false assertion. For example, just to name a few complication and seemingly contradictory opposite assertion in the context of investing and stock […]
CHAPTER I: INTRODUCTION 1.0 Research Background To predict the direction of stock market has been the interests of many people as it is reasonable to believe that people that have such ability will become rich very soon. However, the task to predict stock market and its directions can be complex and hard. Not only to […]
Chapter 5: Conclusion and Recommendations 5.1 Conclusions In this section, conclusion will be made. Research objectives outlined earlier in Chapter 1 will be discussed in light of the research findings and literature review presented earlier. Referring to Chapter 1, two research objectives can are formulated as follow: (a) to review the relevant theories and literatures […]
Chapter 4: Data Analysis and Discussions 4.1 Descriptive Statistics In this section, the descriptive statistics of the data to be used in this dissertation will be presented. Before continuing, it is worth to define naming conventions employed in this chapter. Similar to the discussion presented in previous chapter, a total of six intersection portfolios will […]
Chapter 3: Research Methodologies 3.1 Description of Data Used As mentioned above, Malaysia will be chosen for analysis purposes as there is no literature investigating the validity of Fama-French Three Factor Model in the Malaysian context. However, not all companies listed in Malaysia will be included in this study, due to time and resources constraints. […]
Chapter 2: Literature Review 2.1 Background: Risk and Reward Any student of finance understands that one of the core themes of finance is about risk and rewards. This understanding is not something limited to the academic world, but is also inherently understood by financial market participants. Since centuries ago, financial market participants have been trying […]
Chapter 1: Introduction 1.1 Research Background In the last decades, it can be seen that quantitative methods and mathematical models are increasingly used by researchers in the context of security pricing. One of the important breakthrough concepts is the rise of Capital Asset Pricing Model (CAPM). Under the CAPM framework, the major risks relevant to […]