...This report will present a discussion on the financial challenges and issues based on the Ruritanian Project case study. The report is concerned with analyzing the investment environment of the host nation, maximizing the investment return and minimizing the risks which could have a negative impact on the financial performance of the Ruritanian project. Firstly, the national economy environment will be discussed based on the national GDP growth and inflation rate; secondly, there is a discussion on the foreign exchange risks of Rutitania Crown against international currency; third, the issue of joining the Euro zone will be analyzed in terms of benefits and drawbacks; next, the taxation effect in the investment decision making will be accessed and finally there will be a discussion on the political environment. THE NATIONAL ECONOMY AND THE IMPLICATIONS FOR THE PROJECT 2.1 The Relationship between National Economy and the Foreign Direct Investment (FDI) The economic growth of the host nation has always had a positive relationship with the foreign direct investment decision making. The positive effect of host country economic growth on investment decision making has been supported by various studies (Ericsson and Irandoust, 2000; Dhakal, Kamal and Upadhyaya, 2007; Barrell and Pain, 1996; Grosse and Trevino, 1996; Taylor and Sarno, 1999; Trevino et al., 2002). Traditionally the economic growth of the host nation induces FDI inflow when FDI is seeking consumer markets, or when...
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...institutions, investors, bilateral and multilateral institutions. A special strength of Keystone lies in its ability to help prepare for and implement energy sector projects both with regards to conventional and nonconventional energy sources. Keystone is also particularly strong in the areas of financial modeling and conducting legal and technical due diligence. These strengths are applicable in a wide variety of fields and we are constantly branching out to new areas to expand our product offering. Keystone has a global network of expert consultants across major cities including Boston, Delhi, Dubai, Hong Kong, London, New York, San Francisco, Singapore, Sydney, and Washington DC. Keystone is continually expanding to other major cities as its business grows. OUR APPROACH Keystone’s Project Teams pair international experts with local talent to devise Global Best Practice Solutions tailored to the specific country context. This also allows us to offer a high international quality service locally. Our first and foremost goal is to craft concrete and actionable steps for our clients that deliver results. OUR STRENGTHS Expertise : Keystone draws its strength from its diverse team of international experts. The company has a select group of affiliate consultants and experts residing abroad who work on projects as required. The team is comprised of practitioners and academics from a variety of disciplines, all with complementary skills, and extensive expertise. Keystone also...
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...SCHOOL OF BUSINESS AND MANAGEMENT LEN RUSHFIELD MBA 610.63 INTERNATIONAL FINANCE SPRING 2005 WEDNESDAY 6:00 PM – 10:00 PM WESTLAKE VILLAGE CENTER SYLLABUS 1 International Finance MBA 610.63 Westlake Village Center Wednesday 1/5-2/16/05 Len Rushfield (310) 474-5848 (603) 843-9683 (efax) leonard.rushfield@pepperdine.edu/ asiaptner@aol.com Course Objectives MBA 610.63 is intended to provide a foundation of understanding of international finance and the critical options for corporate financial management within the global markets. Intensive reading will establish the basis of information on international financial structure, processes and techniques. Cases will identify important real issues and provide experience in understanding alternative solutions and developing methods to reach these solutions. Course Description The course explores the responsibilities of financial managers of multinational firms or firms with multinational affiliates, suppliers, or product markets. Topics covered emphasize exchange rate risks and hedging using derivative securities such as futures contracts, forward contracts and options. International payment mechanisms and financing and trade strategies are examined and applied in a shareholder-value maximization framework. Texts and Course Materials Fundamentals of Multinational Finance, 2003, Moffett, Stonehill and Eiteman; Addison Wesley; ISBN-0-201-84484-2. Cases in International Finance, 2000; Moffett; Addison Wesley; ISBN 0-20170086-7 Course...
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...Introduction Changes are inevitable in the market. With the development of technology, people’s living style and demand will be change as well, so managers have to expand the size of business to make the organization more perfect and get effective, efficiency achievements. According to expand business, the company should do more international trade, it will make the globalization and the globalization has more benefits. For example, it can reduce the goods costing, which some countries can open the factories on China. However, the globalization has some disadvantages. For example, the global financial crisis occurred on 2008. This essay is going to analyses how globalization and global financial crisis in the business environment impact on the organization you work in and the tasks you undertake. The globalization refers to the system of contact among the countries of the world in order to improve the global economy. The globalization is the amalgamation of economics and societies all over the world. Globalization including economic, technological, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure (Hotbabefacthicks, 2010). The global financial crisis refers to a widespread economic emergency that began in 2007. Beginning with the crash of the United States financial system, the crisis quickly spread worldwide, thanks to the interconnected marks of modern global trading systems. It is still impossible...
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...opportunity to be considered for support by The Investment Alliance Ltd. (U.K). In the five short years since its founding, Nafisa Fashion has played a major role in the transformation of apparel ready-made garments industry from a market with too many unproductive, unsupervised firms with too much time to get into trouble to one providing quality service with assured value for money. We envision carrying on our legacy & have thus come up with an innovative program which will not just help us to penetrate the local industry but will also lead to become one of the top 3 leading suit manufacturers across the world. With that mantra in mind we have come up with “Virtual Growth Strategy” program. A priority need for the program, our project will focus on 5 aspects of the industry namely pricing in the global garment industry, Asian multinationals in global supply chain, garments & textile productions, trade & investment agreements, & phase-out of the multi-fiber arrangement. In other words, these are the hurdles/challenges we will overcome via our program to reach our desired goal. Nafisa Fashion is requesting $ XXX from The Investment Alliance Ltd. to support this program that makes a meaningful...
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...Unit 8 Assignment MBA 5101 1. In this case study; the firm Williams-Sonoma has exhibited great models of developing of his organization in a short period of time using a wide variety of strategies. That can provide benchmarks for firm to follow. They outlined the organization’s objective strategies that aligned with the business’s mission and helped the firm reach it objectives. This was the foundation that proved to successfully grow William-Sonoma. This business started by providing high-end culinary and serving equipment. Over time they started diversifying into other business areas. The modern William-Sonoma offers specialty products such as decoration and furnishing for the home. Over the next five year, Williams-Sonoma has the opportunity to capture a variety of markets, by providing superior products to increase shares in the industry. The company would be able to satisfy the needs of every consumer and potential consumer in all segments of decoration and home furnishings home. The company would be able to dominate the market and would achieve its target in both channels, retail and direct to customers. It would bolster Williams-Sonoma brand image and will achieve and maintain the competitive advantage in the home decoration market by his applying a distinctive strategies ties in the company’s mission with the organization’s goals and results in growth. 2. In the case, proves that Williams-Sonoma is constantly increasing its organization’s growth with its distinctive...
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...Global Finance Environment Paper FIN/403 May 4, 2008 Globalization refers to the merging of national markets into one huge global marketplace. In today’s market, selling internationally is much easier due to falling barriers in cross-border trade. Now businesses don’t have to be industry giants to operate and succeed in global markets. Although it can be beneficial to offer a standard product that can be used worldwide, significant differences still exist between national markets such as cultural differences, consumer taste differences, product preferences and legal regulations. It is important to define and understand these differences when merging into national markets. Globalization is inevitable and it’s happening at an astonishing speed in nearly every market possible. The technology era that we are in has enabled businesses to join forces like never before and we are seeing significant changes in the global marketplace. There are main drivers in globalization and this paper will define three of them, as well as describe the risks associated with financial investing, and explain the importance of cultural sensitivity and ethics in global finance. Drivers of Globalization Market drivers Domestic markets are saturated and growth opportunities are often times limited. Expanding globally opens up many new opportunities allowing for real growth within a business. The following lists in detail the specific market drivers that play a key role...
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...Prince Sports has been improving the lives of people through tennis since 1970. With their innovative product design, vast line of products, and wide range of consumers. Looking at current trends one could suggest that Prince may want to consider new tactics/marketing schemes. Reach out to a larger global market look at how this may benefit them in the future. In the 21st Century Prince Sports really should consider the current trends in marketing and how they could work for or against their success in the tennis industry. Considering, as stated by The Wall Street Journal, “Prince Sports Inc., filed for bankruptcy protection as it struggles to compete with better-equipped rivals.” (Benoit & Gleason, 2012). It doesn’t appear as though they have an issue with the products they deliver, since undergoing new ownership they are truly trying to rejuvenate their products and name. As noted by Forbes, “Prince is launching an entirely new product collection in the final months of 2013, which is a non-traditional move for a tennis brand. It has used the US Open to announce its launch of an “ESP” (extreme string pattern) racquet technology, along with new racquets and bags, T22 tennis shoes and performance Prince Tour eye-wear.” (Heitner, 2013) Consumers like new technologies and innovations and if Prince can continue to endorse tennis “Super Stars” such as David Ferrer, “the current world number five” (Long, 2012). They should be able to gain the attention and interest of a...
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...UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS MASTER OF BUSINESS ADMINISTRATION TERM PAPER TOPIC: ISSUES IN GLOBAL BUSINESS MANAGEMENT DSM 602: By DR. YABS NGETICH MONICAH D61/69197/2013 INTRODUCTION The scope of strategic business issues faced by companies and organizations striving to operate and be successful internationally has widened due to an increasingly broad geographic scope and the increasing complexity of technology. Strategic issues arise not only through the formal, periodic strategic planning processes in companies but also can, and quite often do arise unpredictably due to new insights, unexpected advances in technology or competitive activities in the market place. All companies have their way of identifying and dealing with these being their most critical strategic questions. However, theprocess of managing emerging strategic issues is typically non-structured, not necessarily optimally suited to enable the effective identification of the most critical questions and the appropriate allocation of top management attention and corporate intelligence support to answer the identified strategic questions. Despite the past research during 1960s, 1970s, and 1980s into the domain of strategic issues (SI), strategic issue management (SIM), and strategic issue management systems (SIMS) there is a scarcity applicable approaches for firms to use in improving their attention focus and distribution in strategic issue management processes. The underpinnings of strategic management...
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...Islamic Financing for Large Infrastructure Projects Jasper Camacho International Financial Mgmt, Section 1 Fall 2005 Summary This paper examines the growing Islamic finance market and how it is becoming an important source of capital to fund infrastructure projects in the Muslim world. The paper starts by introducing basic tenants of Islamic finance and the problems as it relates to large capital projects. Innovations in Islamic project financing are then introduced along with the complexity that those have to innovations address. The paper concludes with a description of selected recent infrastructure development projects that use Islamic financing. Islamic Project Development Needs Increasing population throughout the Muslim world and the appetite for demand in investment for infrastructure in Muslim populated countries has led an increase need for capital that conforms to Islamic standards (see exhibit 1 for list of Organization of Islamic Countries).1 In many of these countries especially in the Middle East, Central Asia and South East Asia, oil and natural gas deposits push the need for companies to build extraction, transport and refining capacity. In developing countries such as the ones in Africa, Pakistan, and Afghanistan, there is an increasing need for electricity and water desalination stations. These projects are capital especially capital intensive in nature. Islamic Financing Basics Islamic financing is the method of financing that complies with the Shari’ah...
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...Services Mark Bowman Director Strategy, Planning and Budget Michael Ellam Director General International and EU Jonathan Taylor Director General Financial Services Edward Troup Director General Tax and Welfare Julian Kelly Group Director Finance and Commercial Ministerial and Communications Nick Macpherson, Permanent Secretary Strategy, Planning and Budget Mark Bowman, Director Corporate Centre Julian Kelly, and Alison Cottrell, Group Directors Treasury Legal Advisors Stephen Parker, Director Responsible for decision making, coordination and management of the department and communications with media and the public Deputy Directors: Beth Russell Jonathan Black Ministerial Support Communications Responsible for defining forward strategy, work programme, the Budget, and short-term priority policy projects Deputy Directors: Matthew Toombs Kumar Iyer Strategy, Planning & Budget Strategy, Planning & Projects Enabling the Treasury to deliver by managing and developing corporate policies and processes, including correspondences and public enquiries, HR, estates, IT, domestic finances and commercial activities, as well as the implementation of the departmental change programmes Deputy Directors: Liz Corrin Kavalneer Walia Sarah Thompson Mike Long Karen Delafield Sarah Tebbutt Kate Josephs Rosemary Banner Group Finance Treasury Group Commercial Treasury Group Internal Audit Group Human Resources Information & Workplace...
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...PROJECT FINANCING AND INTERNATIONAL MARKETS ASSIGNMENT 1 GROUP 1 PRESENTATION A TERM PAPER WRITTEN BY: 1. Joash Gombe 2. Carren Oyolla L50/70100/2013 3. Julius Owade 4. Lillian Dullo 5. Diana osuri 6. Willy Mugenzi Lecturer: Dr. Nyonje UNIT: LDP 602: PROJECT FINANCING Assignment submitted in partial fulfillment for the award of Masters Degree in Project Planning and Management of the University of Nairobi 2014 ABSTRACT This document examines the financial markets that multinational corporations, government agencies and banks use in conducting the business. It combines a solid foundation of theory with a state of art analysis of today international markets. The international market include the market for foreign exchange, the euro currency and related money markets, the euro bond and global equity markets, the commodity markets and the markets for forward contracts, options, swaps and other derivatives. In recent years profound changes have swept the markets and institutions of finance. In key ways the institutions that in car lies decades dominated global finance commercial banks and supranational organization like the IMF have been displayed by direct private finance. The IMF originally designed to resurrects the worlds monetary system following the chaos of the World War II has become a leader to less developed countries...
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...Project Management Q. 01. What is 'Project Finance'? Project finance is defined by the International Project Finance Association (IPFA) as the following: The financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cash flow generated by the project. Q. 02. Discuss long-term & short-term source of project financing? Sources of financing a business are classified based on the time period for which the money is required. Time period are commonly classified into following three: * Long Term Sources of Finance: Long term financing means capital requirements for a period of more than 5 years to 10, 15, 20 years or may be more depending on other factors. Capital expenditures in fixed assets like plant and machinery, land and building etc. of a business are funded using long term sources of finance.. Long term financing sources can be in form of any of them: * Share Capital or Equity Shares * Preference Capital or Preference Shares * Retained Earnings or Internal Accruals * Debenture / Bonds * Term Loans from Financial Institutes, Government, and Commercial Banks * Venture Funding * Asset Securitization * International Financing by way of Euro Issue, Foreign Currency Loans, ADR, GDR etc. * Preference Capital or Preference Shares * Debenture / Bonds * Lease...
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...SHOW WHICH OPTION YOU WISH TO TAKE CORE | International Business | MS60045E | | CORE | Project Management | BA60033E | | OPTION | Consumer Behaviour | MS60046E | | OPTION | Employee Relations | HR60010E | | OPTION | International Business Finance | AC60063E | | OPTION | Managing Small Medium Sized Enterprises | MS60047E | | SEMESTER TWO MODULES CORE | Strategic Management | MS60043E | CORE | Dissertation | BA60034E | CORE | Financial Management | AC60062E | BA BUSINESS STUDIES WITH INTERNSHIP – BUSINT001E3 SEMESTER ONE MODULES PLEASE TICK ONE OF THE BOXES TO SHOW WHICH OPTION YOU WISH TO TAKE CORE | International Business | MS60045E | | CORE | Project Management | BA60033E | | OPTION | Consumer Behaviour | MS60046E | | OPTION | Employee Relations | HR60010E | | OPTION | International Business Finance | AC60063E | | OPTION | Managing Small Medium Sized Enterprises | MS60047E | | SEMESTER TWO MODULES CORE | Strategic Management | MS60043E | CORE | Dissertation | BA60034E | CORE | Financial Management | AC60062E | BA BUSINESS STUDIES WITH MARKETING – BUSMKT001E3 SEMESTER ONE MODULES PLEASE TICK ONE OF THE BOXES TO SHOW WHICH OPTION YOU WISH TO TAKE CORE | Consumer Behaviour | MS60046E | | CORE | Project Management | BA60033E | | OPTION | Employee Relations | HR60010E | | OPTION | Managing Small Medium Sized Enterprises | MS60047E | | OPTION | International Business | MS60045E | | SEMESTER TWO...
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...BENJAMIN ESTY MICHAEL KANE BP Amoco (B): Financing Development of the Caspian Oil Fields One of the many challenges facing the Finance Group after the BP/Amoco merger in 1998 was to evaluate and, if necessary, restructure the company’s global investment portfolio, including its 34% share of the Azerbaijani International Oil Consortium (AIOC). The 11-firm consortium was in the process of developing oil fields in the Azerbaijani sector of the Caspian Sea (Exhibit 1 identifies the AIOC members). As of March 1999, AIOC had completed the $1.9 billion Early Oil Project, which was producing 100,000 barrels of crude oil per day (bpd). The next three stages, known as the Full Field Development Project, were expected to cost an additional $8 to $10 billion and would bring total production to 800,000 bpd by 2005.1 Before the merger, BP and Amoco held the two largest interests in AIOC (17% each), yet they had chosen different strategies for funding their shares of the Early Oil Project. Whereas BP had used general corporate funds, Amoco was one of five AIOC partners that had raised $400 million of project finance with assistance from two multilateral agencies. Now, as a merged entity, the Finance Group had to reassess the firm’s financial strategy for the Early Oil Project and determine the best way to finance the Full Field Development Project. While it was possible to continue with a dual financing strategy, such an approach could complicate BP Amoco’s management of the...
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