Questions And Briefly Describe The Three General Areas

Questionsalist And Briefly Describe The Three General Areas Of Respon

Questionsalist And Briefly Describe The Three General Areas Of Respon

Questions A. List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX). Explain how those responsibilities can affect ultimate objective of the company. The name of company you choose should start with the first letter of your first, last or middle name. (1500 words) B. “If the efficient-market hypothesis is true, the pension fund manager might as well select a portfolio with a pin.†Explain why this is not the case. (500 words). C. 2000 words not including reference and cover sheet. Refernce should be on Harvard Anglia reference style. The company name should start from my first letter of my First name ‘P’ orelse last name ‘K’

Paper For Above instruction

The assignment requires a comprehensive analysis of three key areas related to financial management and investment theories, focusing on a non-financial company listed on the Australian Stock Exchange (ASX). The first component involves identifying and describing the three broad responsibilities of a Chief Financial Officer (CFO) within such a company, including how these responsibilities influence the company's overall objectives. The company selected should begin with the letter ‘P’ or ‘K’, aligning with the student's initials, and the discussion should be detailed across approximately 1500 words, demonstrating a deep understanding of CFO roles and their strategic importance.

Secondly, the paper must analyze the implications of the efficient-market hypothesis (EMH) on investment strategies, particularly highlighting why the notion that a pension fund manager could effectively choose a random portfolio, akin to selecting a pin, fails in practical application. This section, limited to about 500 words, should critique the EMH by exploring market realities, behavioral finance considerations, and empirical evidence that challenge the hypothesis's validity. The goal is to illustrate that despite the theoretical assertion of market efficiency, active management still holds significance due to inefficiencies, informational asymmetries, and behavioral biases.

Lastly, the assignment calls for a detailed, approximately 2000-word discussion (excluding references and cover sheet) that synthesizes these topics, uses Harvard Anglia referencing style, and critically evaluates the roles and theories discussed. This comprehensive response should integrate academic literature, real-world examples, and disciplined analysis to demonstrate a thorough understanding of financial responsibility areas, investment theory, and their impact on decision-making in financial management.

References

  • Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, 25(2), 383-417.
  • Levy, H. (2003). Investments, 6th Edition. McGraw-Hill Education.
  • Damodaran, A. (2010). Applied Corporate Finance, 3rd Edition. John Wiley & Sons.
  • Ross, S. A., Westerfield, R. W., & Jaffe, J. (2013). Corporate Finance, 10th Edition. McGraw-Hill Education.
  • Fama, E., & French, K. (2004). The Capital Asset Pricing Model: Theory and Evidence. Journal of Economic Perspectives, 18(3), 25-46.
  • Shleifer, A. (2000). Inefficient Markets: An Introduction to Behavioral Finance. Oxford University Press.
  • Elton, E. J., & Gruber, M. J. (1997). Modern Portfolio Theory, 3rd Edition. John Wiley & Sons.
  • Sharpe, W. F. (1964). Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. The Journal of Finance, 19(3), 425-442.
  • Grossman, S. J., & Stiglitz, J. E. (1980). On the Impossibility of Informationally Efficient Markets. The American Economic Review, 70(3), 393-408.
  • Barberis, N., Shleifer, A., & Vishny, R. (1998). A Model of Investor Sentiment. Journal of Financial Economics, 49(3), 307-343.

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