FIN4801 Financial & Economic Analysis

Assignment Help on Application and Critical Evaluation of Efficient Market Hypotheses

Part B (30 marks)

“Application and Critical Evaluation of Efficient Market Hypotheses for a company during a 2-year period” Guidance Notes:

Discuss about Efficient Market
For the company selected for part A, study the share price over a 2-year period. Conduct a technical analysis of the company using the CAPM
Take 2 years’ data and apply and critically evaluate Efficient Market Hypotheses for that particular company. Use the contents discussed in the module and the below mentioned 2 research articles in your analysis.
Show evidence for your arguments for special events like declaration of good / bad news, launching or discontinuing a new product, change of CEO, expansion, any other “news” and its impact on information and then impact on share Provide clear evidence with dates and original news source.
At the end, summarize with your own

The following shall be the criteria for marking the coursework:

Depth and coverage of practical issues and theory.................. 10 marks
Analysis and argument........................................................... 10 marks

Originality & Presentation formatting...................................... 5 marks

Accurate Referencing of literature........................................... 5 marks

Notes:

	1. The time period for the above case shall be for 2 years: 2018-19 and 2019-20. 2. Additional materials that the students are expected to research and collect are: Annual Reports of the company, Newspapers, Magazines, Websites articles of the company and the industry, industry reports, etc. Please also consult http://www.citethemrightonline.com Suggested Reference Research Articles: a) Fama, Eugene. EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK. Journal Of Finance [serial online]. May 1970;25(2):383-417 b) Fama, Eugene. Efficient Capital Markets – II. THE JOURNAL OF FINANCE . VOL. XLVI, NO 5 . DECEMBER 1991 c) Fama, Eugene. Random Walks in Stock Market Prices. Financial Analysts Joumal (September/October 1965):55-59. d) Chung, Dennis, Y.; Hradzil, Karel. Market Efficiency and the Post-Earnings Announcement Drift, Contemporary Accounting Research Vol. 28 No. 3 (Fall 2011) pp. 926–956 1 CAAA. doi:10.1111/j.1911-3846.2011.01078.x Page 159 of 161
Assessed learning outcome (s)	Assesses learning outcomes: 1, 2, 5, 6 & 8.
Module weighting %	70%
Key reading and learning resources	McLaney, E. (2014). Business Finance: Theory and Practice, 10th Edition, Harlow, Pearson (available as ebook) Drury, C. (2012). Management and Cost Accounting, 8th Edition, Andover, Cengage Learning. (available as ebook)
Assignment marking criteria rubric (Literature Review) As part of the assessment and fairness policy and guidance the university has approved a set of rubrics for use with all assignments. These are available for download and subject customisation from MyLearning and in Turnitin, for use with a structured general comment, see policy and guidance for more details https://www.intra.mdx.ac.uk/about-us/services/centre-for-academic-practice-enhancement/policy-bank/FV-Assessment-Fairness.pdf