REQUIRED
Read the attached article ‘Glas Cymru launches bond campaign’, from the Financial Times, 9 April 2001.
- In no more than 150 words, summarise this article (in your own words). (10% of total marks)
- Evaluate the company’s (Glas Cymru) actions and objectives, in relation to capital structure theory. (90% of total marks)
You should adopt a critical rather than descriptive approach to the evaluation and discussion of theory should be related to issues specific to the company. You should consult a variety of sources including, but not confined to, the required reading listed below.
See last page for assessment criteria.
Required reading list
Available through Learning Resources in StudyNet:
Graham J.R and Harvey C. R (2001), “The theory and practice of corporate finance: evidence from the field”, Journal of Financial Economics, 60 (2001) p187 – 243 (have a look at section 5 in this article)
Myers S.C. (1984), ‘The Capital Structure Puzzle’, Journal of Finance, 39, July, p575 -82.
Available on module website under ‘Teaching Resources’:
‘Pressure building for public companies to adopt private equity tactics’ Financial Times, 12 August 2006.
‘Highest scores may not be most efficient ratings’ Financial Times, 12 August 2003.
Submission:
Your work should be in essay style format, appropriately sourced and referenced using Harvard format. Please go to ASU for help if you are unsure about how to write an essay or use Harvard referencing.
The total word limit is 1000 words including the summary of the article and excluding the bibliography.
This is to be submitted electronically via StudyNet, no later than 9am Monday 15th April 2013.
Please note that extensions to this deadline will only be given in exceptional cases (illness, bereavement) and requests for extensions must be accompanied by documentary evidence.
Late submissions posted on StudyNet within 24 hours of the submission time will receive a 5% penalty, those received after this time but within 7 days of the submission date and time will be capped at 40%. Submissions received more than one week later than the deadline date/time will be awarded a mark of 0%
Assessment Criteria
You will be assessed on:
- Summary of article (10%)
- Accurate summary focussing on the main points of the article
- Clearly and concisely written
- Evaluation (90%)
- Content (30%)
- Material relevant to question set (this may vary as more than one approach could be taken)
- Demonstration of understanding of the topic area and underlying issues
- Coherence of argument (30%)
- Focus on question
- Justification of points made using evidence from sources consulted
- Logical structure
- Evidence of required reading (20%)
- Clear reference to required sources
- Use of appropriate alternative sources of information (if relevant) – please avoid the use of descriptive websites.
- Integration of literature within work – please avoid direct quotes
- Presentation and referencing (10%)
- Essay style format
- Sentence construction, grammar and use of paragraphs
- Sourcing and referencing of information in Harvard format
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