Managing A Strong Risk Management Program Essay - 983 Words

As a country we have learned that disaster and attack are inevitable. In in order to maintain resilience it is important to establish a strong risk management program. It can be difficult to conceptualize risk management as a program and a framework. It is first important to identify the critical infrastructure and key resources that require risk reduction and the mitigation of consequences. In this essay we will examine how risk management is used by the homeland security enterprise, and how that use benefits such aspects as resource allocation, strategic planning, and grant writing. Critical infrastructure is defined in the Patriot Act as systems and assets, physical or virtual, so vital to the United States that the incapacity or destruction of such systems and assets would have a debilitating impact on security, national economic security, national public health and safety, or any combination of those matters (Homeland Security Digital Library). In order for the communities in Am erica to thrive and survive there are certain components that needs to remain functional. Functionality of those components needs to be re-established in a timely matter if an emergency or disaster strikes. Risk management is a systematic and analytical process that considers the potential of a threat that could endanger an asset, individual, or function. The principles of risk management use an approach that includes three elements; threat assessment, vulnerability assessment, andShow MoreRelatedApplication Essay to The Financial Risk Management Program977 Words   |  4 Pagesis to help a firm manage its financial risk by developing and applying effective risk management strategies. My long term goal is to lead an enterprise wide risk management program for a multi-national company. 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A New Architecture for Global Financial Regulation by Mattli and Woods Article

Essays on A New Architecture for Global Financial Regulation by Mattli and Woods Article The paper "A New Architecture for Global Financial Regulation by Mattli and Woods" is a delightful example of an article on finance and accounting. The article "A new architecture for global financial regulation" discusses ways to achieve global growth. The setting of the article takes place at theG20 summit. The diplomats that attended the summit believed that the best way to achieve global growth is through the development of new global regulations for the financial markets. According to the authors of the article, the only way to achieve new regulation is by starting from scratch and developing a brand new global architecture for the regulation of finance and banking. The new architecture must include the following three elements: broad representation in the rule-making process, proper monitoring, and systematic enforcement.   The current rulemaking mechanism occurs through a committee called the Basel Committee on Banking Regulation. There are only 13 countries represented by officials in the committee. The members of the committee are easily corrupted and influenced by powerful players in the banking industry, thus real change never occurs. There is resistance to change to any initiative that may hurt the profits of bankers. The rulemaking process requires greater participation of other countries and diverse stakeholders. There needs to be better monitoring of banks, financial institutions, and regulatory bodies in order to ensure the accountability of their actions. During the G20 summit, there was a proposal for the establishment of international supervisory colleges for all major cross-border financial institutions. The third element of the plan to create actual change in the system is the creation of a special international judicial institution that will be responsible for enforcing the new rules and regulations.1. What is the reason why change has been so hard to come by in the banking and finance industry?2. Do you think the creation of new architecture for global financial regulation is needed? Why?

Student Finance and Foods Market Free Essays

FI-516 – WEEK 2 – MINI – CASE ASSIGNMENT Select a major industrial or commercial company based in the United States, and listed on one of the major stock exchanges in the United States. Each student should select a different company. Avoid selecting an insurance company or a bank, as the financial ratios for these financial businesses are different. We will write a custom essay sample on Student: Finance and Foods Market or any similar topic only for you Order Now Write a 7 – 8 page double spaced paper answering and demonstrating with calculations and financial data the following questions: 1. What is the name of the company? What is the industry sector? * The company name is Whole Foods Market Inc. Whole foods market, Inc. is the Food Retailers Wholesalers industry. * The products include: grocery, seafood, bakery, prepared foods, meat and poultry, dietary and nutritional supplements, vitamins, specialty (beer, wine and cheese) body care products, floral and household products and pet products. 2. What are the operating risks of the company? * Organic foods market has several laws and regulations relating to health, sanitation and food labeling. * FDA, FTC, CPSC, USDA and EPA have set standards for the manufacture, packaging, and advertising of organic products. If failure to qualify these standards could result in the confiscation of marketing and sales licenses. 3. What is the financial risk of the company (the debt to total capita lization ratio)? Debt to total capitalization ratio = Debt / (Shareholder’s equity + Debt) ————————————————- 1,300,770 / 4,292,075 = 30. 31% 4. Does the company have any preferred stock? No, the Whole foods market, Inc. does not have any preferred stock. 5. What is the capital structure of the company? : Short term portion of Long Term Debt, Long Term Debt, Preferred Stock (if any), and market value f Common Stock issued and outstanding? * Capital structure: ————————————————- Total Debt to Total Equity: 0. 60 ————————————————- Total Debt to Total Capital: 0. 60 ——————————â€⠀Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- Total Debt to Total Assets: 0. 42 ————————————————- Long-Term Debt to Equity: 0. 58 ————————————————- Long-Term Debt to Total Capital: 0. 58 * The Whole foods market, Inc. does not have any short-term portion of long-term debt, and there is no preferred stock. Long-term debt: $17. 44 million * The Whole foods market, Inc. has 300,000 share authorized and $178. 89 million shares issued and outstanding at 2011. 6. What is the company’s current actual Beta? ————————————————- * The current actual Beta is 0. 66 7. What would the Beta of this company be if it had no Long Term Debt in its capital structure? (A pply the Hamada Formula. ) ————————————————- BL= B1 [1+(1-T) (D/E)] ————————————————- = 0. 66 / [1+(1-0. 35) (0. 43)] ————————————————- 0. 52 8. What is the company’s current Marginal Tax Rate? ————————————————- 35% 9. What is the Cost of Debt, before and after taxes? The cost of debt before taxes is 6. 7%, and after taxes is 4. 5%. 10. What is the Cost of Preferred Stock (if any)? The Whole foods market, Inc. does not have any preferred stock. 11. What is the Cost of Equity? ———————†”————————- Cost of Equity = (Dividends per share/current market value of stock)+Growth Rate of Dividends ————————————————- = (0. 40 / $86. 47) + 0. 56% ———————————————— = 0. 01 12. What is the cash dividend yield on the Common Stock? The cash dividend yield on the common stock is 0. 56 (0. 60%) 13. What is the Weighted Average Cost of Capital of the company? The Weighted Average Cost of Capital is 7% 14. What is the Price Earnings Multiple of the company? ————————————————- Current market value of stock / EPS ———————————à ¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€- = $86. 47 / 2. 21 ————————————————- = 39. 13 15. How has the company’s stock been performing in the last 5 years? In May 2007, the price of common stock was $39. 74 per share, but it dropped to $8. 19 per share in 2009. Although after the recession of price drop, the price begins the raise up to $86. 47 per share now. 16. How would you assess the overall risk structure of the company in terms of its Operating Risks and Financial Risk (Debt to Capitalization Ratio)? Total debt/total equity| 0. 0063| Total debt/total capital| 0. 0063| 17. Would you invest in this company? Why? Or Why not? * Officially I would invest portion of my assets into the portfolio. Since the price has raise from the last two years in an even steady price. Even though they have two small period of time that drop for about 15%. Overall the stock market seems to be passive about the movement of the behavior optimistically. Therefore be hold within the smaller beta that show less variable of the changes. I believe this could be a chance to be rich! 18. The last page of your paper should be a Bibliography of the sources you used to prepare this paper. Bibliography: * http://www. wikinvest. com/stock/Whole_Foods_Market_(WFM) * http://www. thestreet. com/quote/WFM/details/company-profile. html * http://yahoo. brand. edgar online. com/displayfilinginfo. spx? FilingID=8260392-165255- 169255type=sectTabIndex=2companyid=10959ppu=%252fdefault. aspx%253fcik%253d865436 * http://www. investopedia. com/terms/d/debt-to-capitalratio. asp#axzz1v5caUyeq * http://www. marketwatch. com/investing/stock/wfm/profile * http://finance. yahoo. com/q? s=WFMql=1 * http://www. investopedia. com/terms/c/costofequity. asp#axzz1v5caUyeq * http://www. thestreet. com/qu ote/WFM/details/growth-rates. html * http://www. wikiwealth. com/wacc-analysis:wfm * http://markets. ft. com/research/Markets/Tearsheets/Financials? s=WFM:NSQ How to cite Student: Finance and Foods Market, Essay examples

Corporate Finance for Asset Allocation and Risk Management

Question: Discuss about theCorporate Finance for Asset Allocation and Risk Management. Answer: Nowadays, retirements plans like defined contribution plans, defined benefit plans, and other investment plans are required to secure the lives of employees. Employees do not have job securities for their entire lives. Moreover, similar to business owners, they are not secure about their future. In this case, they have to invest their superannuation contributions in retirement plans. By investing in these plans, they will get a fixed income as returns on their investments. These returns ensure them that they are secure for their entire lives and do not depend on other people for endurance (McKeown, Kerry, Olynyk and Beal, 2012). Along with this, defined benefit plans and investment choice plans can be considered the most effective plans in which the tertiary sector employees may place their superannuation contributions in a more secure and safe manner. On the other hand, it is true that each and every thing in this world has both positive and negative aspects. These investment plans provide returns to the investors; but there are some risks linked to these plans. The tertiary sector employees should observe all these things before placing their superannuation contributions in any plan. There are some important factors related to these plans that should be considered by employees to decide whether to place or not their superannuation contributions in these plans. For case, the major factor that should be considered is the market trends related to these plans (Gallery, Newton and Palm, 2011). The market trends highly contribute to select an appropriate investment plan to gain high returns on the investments. It is because of with the help of these market trends, they would be able to compare all the available plans with one another. They will also be able to recognize the level of profit and risk linked to these investment plans. In addition to this, the other factor is risk level that should be considered by the employees. It is because of with the help of this factor they would be able to recognize that investment plan is risky or not. If it is risky then what is the extent of risk. They are proficient to tolerate this risk. So, with the help of this, they would be able to identify their risk tolerance capacity before making any decision. Moreover, expected returns is the another important factor that should be considered by the investors before placing their superannuation contributions in a defined benefit plan or an investment choice plan. The tertiary sector employees should evaluate that the selected plan is able to offer returns as per their expectations. They must identify that these plans are offering the returns according to the money that they have invested. The returns justify the level of risk that they are willing to tolerate (Broadbent, Palumbo and Woodman, 2006). So, risk and return are two i mportant factors that play a significant role to determine that people should or not invest in an investment plan. In the same manner, investment need is another important factor that may influence an investment decision of people. Tertiary sector employees should recognize their investment needs properly. They should decide that is an investment is required for them? They want an investment plan in actual. They have any need of these investment plans. There future is not secure without these plans. They do not have enough funds for their existence. All these are the major things that should be considered by the employees to identify their investment needs in an effectual manner. So, the actual investment needs of employees would be helpful to choose suitable investment plans (Brown, Gallery, Gallery and Guest, 2004). Apart from this, time frame is the other factor that should be considered by the employees to decide to choose an investment plan. With the help of this factor, they would be able to understand that, they are willing to invest for a short duration or a long duration. They would also be able to calculate their return for both short and long time period. By considering this factor, tertiary sector employees will be able to decide that which plan is proficient to offer expected returns in a pre-determined time period. On the other hand, the tertiary sector employees should decide that which stock, portfolio, and equity are able to fulfill their investment needs in an effective manner. They should estimate that which option is profitable and will offer high returns at lower risks. The selection of an investment plan is not an easy task. They should evaluate that these plans are offering fixed income or variable income to the investors. Sometimes, people invest their superannuation contributions in such investment plans and get returns according to the up down of the stock share market. Such plans may very risky for the investors. These plans never provide high returns to the investors (Hrtel, and Fujimoto, 2014). So, the above discussed are the important factors that the tertiary sector employees must consider to choose an investment plan that may fulfill their needs as well as expectations in an effectual and a significant manner. Apart from this, the concept of TVM (Time Value of Money) contributes in the selection of an investment plans. TVM is an important part of the investment theory (Petty, Titman, Keown, Martin, Martin and Burrow, 2015). TVM highly contributes in an investment choice because of it include all the present value and future value related to a particular plan. Moreover, with the help of TVM, investors may calculate the actual returns that they will get in a pre-determined time frame. But, there are some issues related to this concept that may influence the investment decisions of investors. For case, uncertainty and feasibility are some issues that may be important in the investment decision-making process. It is because of with the help of these issues, the investors would be able to see the uncertainties exist in the marketplace. They will be able to recognize that the selected plan is feasible to offer returns according to their expectations (Gutmann, 2013). In this way, the concept of T VM plays a critical role to select an investment plan in an appropriate manner. The efficient-market hypothesis is an effective investment theory that contributes in the selection of an appropriate portfolio to get high returns on the investments. EMH theory plays a significant role to choose a fair valued stock and portfolio to gain expected returns on the investments (Graham and Dodd, 2008). Along with this, this theory allowed the business organizations to trade on fair values of stocks. The EMH theory restricts to business firms to trade undervalued stocks in the marketplace. Moreover, the efficient market hypothesis ensures that the business organizations are not trading undervalued stocks at unfair prices in the marketplace. So, the EMH theory is plays a significant role in the investment decision making process. By considering the EMH theory, the buyer would be able to buy diversified stocks only at reasonable prices. Such stocks provide high returns to the investors. Diversified stocks ensure to investors that they would be able to earn high profits at l ower risks (Tyson, 2016). On the other hand, efficient-market hypothesis plays a major role to pick a portfolio to get high returns. Nowadays, the pension fund manager contributes in the choice of portfolio to the investors. The manager has enough knowledge regarding stock market. So, investors ask to the manager to choose suitable portfolios for them. But, the manager should not choose a portfolio with a pin. In other words, it can be said that, the fund manager should not pick lots of portfolios only on the base of the exactness of the efficient-market hypothesis. It is because of portfolios with a bunch may be uncertain to the investors (Naseer and Bin Tariq, 2015). Moreover, portfolios in a bunch increase the chances of risks and decrease the profits to investors. The main reason behind it is that, such portfolios never ensure that the investors have purchased well-diversified portfolios at once. It is because of there are uncertainties in the marketplace; and all the portfolios of an organization would n ot be diversified in an equal manner. In addition to this, the fund manager should make such investment decisions cautiously. The efficient-market hypothesis restricts to buy portfolio in group. It is because of by choosing portfolio in group, people may face troubles. These portfolios may be dangerous for the lives of investors. It is because of such portfolios may reduce the risk tolerance capacities of investors. In this situation, the fund manager should involve some guidelines to pick a suitable portfolio to investors. First of all, the manager should ensure that the portfolio that he/she is selecting to investors is well diversified portfolio. The selected portfolio is neither undervalued nor overvalued. It is because of such portfolios fulfill the expectations of the investors (Lee, Lee and Lee, 2009). Along with this, the manager must ensure that the selected portfolio will work in the good deed of its investors. The portfolio should be as per the risk tolerance capacity of investors. So, on the whole, it can be said that, the pension fund manager might not decide on a portfolio in group just on the base of the precision of EMH theory. References Broadbent, J., Palumbo, M. and Woodman, E. (2006). The shift from defined benefit to defined contribution pension plansimplications for asset allocation and risk management. Reserve Bank of Australia, Board of Governors of the Federal Reserve System and Bank of Canada, pp.1-54. Brown, K., Gallery, G., Gallery, N. and Guest, R. (2004). Employees choice of superannuation plan: effects of risk transfer costs. Journal of Industrial Relations, 46(1), pp.1-20. Gallery, N., Newton, C. and Palm, C. (2011). Framework for assessing financial literacy and superannuation investment choice decisions. Australasian Accounting Business Finance Journal, 5(2), p.3. Graham, B. and Dodd, D.L.F. (2008). Security Analysis (6th ed.). USA: Tata McGraw-Hill Companies Inc. Gutmann, A. (2013). How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job. UK: John Wiley Sons. Hrtel, E.J. and Fujimoto, Y. (2014). Human Resource Management. Australia: Pearson Australia. Lee, A.C., Lee, J.C. and Lee, C.F. (2009). Financial Analysis, Planning Forecasting: Theory and Application. USA: World Scientific. McKeown, W., Kerry, M., Olynyk, M. and Beal, D. (2012). Financial Planning, Google eBook. USA: John Wiley Sons. Naseer, M. and Bin Tariq, Y. (2015). The Efficient Market Hypothesis: A Critical Review of the Literature. IUP Journal of Financial Risk Management 12 (4), p.1-16. Petty, J.W., Titman, S., Keown, A.J., Martin, P., Martin, J.D. and Burrow, M. (2015). Financial Management: Principles and Applications. Australia: Pearson Higher Education AU. Tyson, E. (2016). Investing For Dummies. John Wiley Sons.