Finance Research Report Based on Provided Data
| Order ID |
53563633773 |
| Type |
Essay |
| Writer Level |
Masters |
| Style |
APA |
| Sources/References |
4 |
| Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
You are expected to raise relevant research questions based on the following background information and then investigate these questions using the provided data set.
Background
Investors and financial economists are interested in understanding how the stock market values a firms equity (i.e. shares). In a fundamental sense, the value of a firms shares should reflect investors expectations of the firms future profitability. However, data on expected future profitability is non-existent. Instead, empirical financial studies use current firm characteristics (e.g. current accounting information) as explanatory variables.
Most of the shares traded on the stock market are old shares in existing firms. However, many old firms will issue some new shares in addition to those already trading these are referred to as seasoned equity offerings (SEOs). Furthermore, some firms that have not traded shares on the stock market in the past may decide to issue such shares (e.g. a computer software firm owned by one individual may decide to go public and sell shares in order to raise money for future investment or expansion). Such shares are called initial public offerings (IPOs). The market value of IPO firms may be different from that of SEO firms, and this may be partially explained by the firm characteristics.
Data
The data set in file EQUITY.TXT contains data on N = 309 firms who sold new shares in the year 1996 in the US. Some of these are SEOs and some are IPOs. Data on the following variables is provided. All variables except SEO are measured in millions of
US dollars.
VALUE = total value of all shares (new and old) outstanding just after the firm issued the new shares. This is calculated as the price per share times the number of shares outstanding.
DEBT = amount of long-term debt held by the firm.
SALES = total sales of the firm.
INCOME = net income of the firm.
ASSETS = book value of the assets of the firm (i.e. what an accountant would judge the firms assets to be worth).
SEO = a dummy variable that equals 1 if the new share issue is an SEO and 0 if it is an IPO.
The report will be assessed from the following aspects:
1) Question and hypothesis development: ask relevant research questions and provide theoretical support to your hypothesis (10%)
2) Structure and presentation (10%)
3) Writings and explanations for your findings (20%)
4) Models, tables and graphs (20%): you should incorporate them in the main article
5) Data analysis techniques, including those covered in the recommended textbook (25%)
6) Discussion on the limitations of your report (10%)
7) Reference (5%)
Notes:
1. A sample of academic research is provided for your reference. It will give you some idea on what a good research report looks like. You can borrow the structure of the sample research when appropriate but the main body of your report, excluding reference, should not exceed 8 pages.
2. Plagiarism is a specific form of academic misconduct. If found, both parties will be penalized regardless of who copies from whom.
3. The data file needed for this assignment is available on the course website under the Assignment III folder, where this document is located.
5. Submit your report via Myweb by the due time.
6. This assignment accounts for 40% of the total internal assessment.
(End of Assignment III)
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RUBRIC
| QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
| Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
| Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
| Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
| Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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