Financial Crisis Essays (Examples)
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
… role in managing loan products, using interest rates to attract savers, and offering investment advice. “No single risk associated with the COVID-19 pandemic crisis can be managed in isolation,” as Beasley (2020) points out (p.2). This means that from an ERM perspective the problem has to be … 1) a critical analysis, including a comparison and contrast of Enterprise Risk Management (ERM) vs. traditional risk management; 2) a discussion of hazard, financial, operational and strategic risks; 3) a SWOT analysis of Wells Fargo; 4) an examination of the relationship between organizational culture and ERM; 5) … profit opportunities; 6) two specific ways in which auditors can incorporate ERM into the company’s audits; 7) a discussion of the role of financial derivatives as both risk management and a speculative tool; and 8) a discussion of the ways three leading companies (one domestic and two … is that an action may……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
Globalization Of Insurance
… is blown pops, as it did in 2008 the world over). Governments want increased regulation to protect themselves, as the 2008 global economic crisis showed what can happen when oversight is insufficient.
However, governments act in fits and starts and inevitably drift back towards deregulation. The 1982 … even regulation that impacts publicly traded companies impacts insurance companies and their investments because investors are watching the S&P and looking at the financial statements of companies, too—and their actions will determine where the market prices these companies’ shares, which in turn impacts the investments of insurance … agencies tasked with overseeing these markets and the rules that are meant to govern them in their practices of accounting and reporting. The financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are two examples of regulatory bodies tasked with overseeing accounting…[break]…just that. The … International Accounting Standards Board (IASB)……
References
References
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
Major Issues Facing The European Union
… affairs without respect to what the EU has to say about it. After looking at issues such as 1) Brexit, 2) the immigration crisis, 3) the open borders policy, 4) the problem of NATO, 5) the ultra-high and potentially catastrophic levels of debt that the European Central … instead of the collective, there could be many more nations that follow the UK out the door in the coming years.
The Immigration crisis
One of the reasons for the rise of nationalism has been the immigration crisis stemming from the non-stop wars in the Middle East that have decimated the region and forced millions of migrants from their native lands. … the threat of terrorism is still high in Europe and that many new terrorist attacks have occurred in EU countries since the immigration crisis began, it is not hard to see why citizens of these countries are rallying behind……
References
References
Amadeo, K. (2019). Eurozone debt crisis. Retrieved from https://www.thebalance.com/eurozone-debt-crisis-causes-cures-and-consequences-3305524
BBC. (2020). Brexit. Retrieved from https://www.bbc.com/news/uk-politics-32810887
Chadwick, L. (2020). Recession could tip EU. Retrieved from https://www.euronews.com/2020/02/27/could-covid-19-coronavirus-trigger-a-european-economic-recession
Grose, T. (2020). Coronavirus tests Europe’s open borders. Retrieved from https://www.usnews.com/news/best-countries/articles/2020-03-02/europes-open-border-agreement-may-become-casualty-to-coronavirus
Herszenhorn, D. (2019). Europe’s NATO problem. Retrieved from https://www.politico.eu/article/europe-nato-problem-defense-procurement-training-research/
Pew Research Center. (2016). European opinions of the refugee crisis. Retrieved from https://www.pewresearch.org/fact-tank/2016/09/16/european-opinions-of-the-refugee-crisis-in-5-charts/
Wirtz, B. (2019). The Beginning Of The End Of Open Borders In Europe. Retrieved from https://www.theamericanconservative.com/articles/the-beginning-of-the-end-of-open-borders-in-europe/
Study Document
Papa Johns Strategic Analysis
… the brand, and 5000 stores with which to bring this new product messaging to the market.
The company has already experienced a major crisis event, but should still anticipate some sort of economic downturn. While Papa John’s fared well during the last downturn, it should not expect … well during the last downturn, it should not expect that to happen again. The company must plan for another downturn, given its weak financial condition. By investing in its success now, Papa John’s can help to put itself on the right track. Improving profitability will be essential … learned anything the past year, it is that there is a commitment right from the Board to move swiftly in the event of crisis, and take dramatic action to strongly counter any problems that the company has. If it can apply that approach to its corporate strategy,……
References
References
Halzack, S. (2018) Papa John’s just went from bad to worse. BNN Bloomberg. Retrieved April 7, 2019 from https://www.bnnbloomberg.com/papa-john-s-just-went-from-bad-to-worse-1.1120265
IBIS World (2019) Pizza restaurants industry in the US. IBIS World. Retrieved April 7, 2019 from https://www.ibisworld.com/industry-trends/specialized-market-research-reports/consumer-goods-services/food-service-drinking-places/pizza-restaurants.html
Kenton, W. (2019) Porter’s 5 forces. Investopedia. Retrieved April 7, 2019 from https://www.investopedia.com/terms/p/porter.asp
McCormick, M. (2018) Key success factors in a pizza business. Houston Chronicle. Retrieved April 7, 2019 from https://smallbusiness.chron.com/key-success-factors-pizza-business-2788.html
Navellier, L. (2009) Papa John’s – how to beat the recession with pizza. NASDAQ. Retrieved April 7, 2019 from https://www.nasdaq.com/personal-finance/papa-johns-PZZA.stm
Papa John’s Form 10-K 2018. Retrieved April 7, 2019 from https://ir.papajohns.com/static-files/2977c391-0218-4bac-8eb2-dcabd4561cfe
Papa John’s website, various pages. (2019) Retrieved April 7, 2019 from https://www.papajohns.com/company/about-papa-johns.html
QSR (2018) The QSR Top 50. QSR Magazine. Retrieved April 7, 2019 from https://www.qsrmagazine.com/content/qsr50-2018-top-50-chart
Study Document
Impact Of Agency Theory
Agency Theory
Agency theory refers to the relationship with the principle and the agent, where the principle delegates its financial decision making to the agent. In most cases, the agent is the owner/executive of the company while the principle is the shareholder. Challenging … it gives room for agency theory to impact its decision. It impacts the profitability, return on investment, operating expense, shareholder value and other financial performance through influencing the key decision making that goes around these factors. Wells Fargo have a decentralized set up, which gives the autonomy … and other factors are involved while on the other hand, and there can be benefits to that too in the form of improved financial performance. These decisions are also impacted by agency theory. Sometimes, harsh targets and goals are also set to push the employees work in … unrealistic for the employees who had to resort to other……
References
References
Demsetz, R. S. (1997). Agency Problems and Risk Taking at Banks.
Heath, J. (n.d.). Uses and Abuses of Agency Theory. Business Ethics Quarterly.
Kuypers, A. (2011). How is dealt with the agency problem and what is the role of the board of directors in it?
Lumen. (n.d.). Agency and Conflicts of Interests. Lumen. Retrieved from https://courses.lumenlearning.com/boundless-finance/chapter/agency-and-conflicts-of-interest/
Murray, I. (2016, September ). Wells Fargo and the Principle Agent Problem. Competitive Enterprise Institute.
Palia, D. (2007). “Agency Theory in Banking: An Empirical Analysis of Moral Hazard and the Agency Costs of Equity. Banks and Banks System.
Pennsylvania, W. U. (2017, August 08). Wells Fargo: What It Will Take to Clean Up the Mess. Wharton University of Pensylvannia.
Study Document
Understanding The Factors Affecting The Success Of Credit Risk In
… companies and entrepreneurs. In the past decade, there have been dramatic changes concerning the management of risk in the banking industry. Progressively more financial institutions and managers have augmented the focus on the significance of risk management. In delineation, risk management encompasses the practice of identifying, assessing … and influence of disastrous events or to capitalize in the realization of prospects (Gizaw, Kebede, and Selvaraj, 2015).
The power and supremacy of financial establishments, particularly commercial banks, to generate money is of great significance in business operations. These banks operate as financial intermediaries within any economic setting and they are key providers of financial credit to both the corporate and household sectors. Credit risk is basically the likelihood that a borrower in a financial institution or a counterparty will end up failing to meet its obligations in line with the consented terms and conditions. In general, credit … it basically……
References
References
Bhattarai, Y. R. (2016). Effect of credit risk on the performance of Nepalese commercial banks. NRB Economic Review, 28(1), 41-64.
Das, A. and Ghosh, S. (2007). Determinants of Credit Risk in Indian State-owned Banks: An Empirical Investigation. Economic Issues, 12(2): 48-66.
Derelio?lu, G., & Gürgen, F. (2011). Knowledge discovery using neural approach for SME’s credit risk analysis problem in Turkey. Expert Systems with Applications, 38(8), 9313-9318
Garr, D. K. (2013). Determinants of credit risk in the banking industry of Ghana. Developing Country Studies, 3(11), 64-77.
Gizaw, M., Kebede, M., & Selvaraj, S. (2015). The impact of credit risk on profitability performance of commercial banks in Ethiopia. African Journal of Business Management, 9(2), 59-66.
Johnson, B., & Christensen, L. (2008). Educational research: Quantitative, qualitative, and mixed approaches. New York: Sage.
Kithinji, A. M. (2010). Credit risk management and profitability of commercial banks in Kenya. (Doctoral dissertation, University of Nairobi).
Limam, I. (2001). Measuring technical efficiency of Kuwaiti banks. Kuwait: Arab Planning Institute.
Study Document
Traditional Medicine Usage In African Nations
… 2020).
Evolution of Informal Institutions
Informal Institutions on a community level
Community participation is expected in times of pandemics, as the 2014 Ebola crisis in Nigeria showed. Community care provision is also expected and anticipated (Shuaib et al., 2014). Community cost-sharing is a different story. Cost-sharing initiatives … is a crucial part of his or her life. Many people in such societies depend on their extended family for social, security, and financial support if they lose their jobs, fall sick, in case of unforeseen circumstances, and when old. It is normally regarded as the moral … unforeseen circumstances, and when old. It is normally regarded as the moral obligation of the family member who has a job to provide financial support to the needy, aged, and sick members of the extended family (Ghebregiorgis & Karsten, 2006: 150). This ethos is even captured in ……
References
References
Afro-centric Alliance, A. (2001). Indigenisingorganizational change: Localisation in Tanzania and Malawi. Journal of Managerial Psychology, 16(1), 59-78.
Asiseh, F., Owusu, A., & Quaicoe, O. (2017). An analysis of family dynamics on high school adolescent risky behaviors in Ghana. Journal of Child & Adolescent Substance Abuse, 26(5), 425-431.
Austin, G. (2010). African economic development and colonial legacies (Vol. 1, No. 1, pp. 11-32). Institut de hautes études internationales et du développement.
Brager, G., Specht, H., Torczyner, J. L., &Torczyner, J. (1987). Community organizing. Columbia University Press.
Bratton, M., & Van de Walle, N. (1997). Democratic experiments in Africa: Regime transitions in comparative perspective. Cambridge university press.
Burnham, G. M., Pariyo, G., Galiwango, E., & Wabwire-Mangen, F. (2004). Discontinuation of cost sharing in Uganda. Bulletin of the World Health Organization, 82, 187-195.
Dillard, C., Duncan, K. L., & Johnson, L. (2017). Black History Full Circle: Lessons from a Ghana Study Abroad in Education Program. Social Education, 81(1), 50-53.
Ehui, S. (2020). Protecting food security in Africa. Retrieved from https://www.brookings.edu/blog/africa-in-focus/2020/05/14/protecting-food-security-in-africa-during-covid-19/
Study Document
Enron Corporate Scandal And Microeconomics
… from people as it emphasized on making profits. The company identified loopholes in market regulations in California that resulted in a year-long energy crisis, which cost the State $30 billion. Ken Lay, one of Enron’s bosses, believed in capitalizing on every loophole or opening to engage in … factor in Enron’s case as the federal government, which regulates the energy industry in the United States, refused to intervene in California’s energy crisis. This refusal provided loopholes…[break]…how market regulations play an important part in economic growth and profitability. Deregulated California market resulted in Enron’s adoption of ……
References
Works Cited
Amadeo, Kimberly. “Deregulation Pros, Cons, and Examples.” The Balance, The Balance, 16 Jan. 2020, https://www.thebalance.com/deregulation-definition-pros-cons-examples-3305921
Gibney, Alex, director. Enron: The Smartest Guys In the Room. YouTube, Magnolia Pictures, 20 Oct. 2009, https://www.youtube.com/watch?v=BIwFO4_SWQQ&has_verified=1
Kienitz, Paul M. “ENRON: THE SMARTEST GUYS IN THE ROOM (2005).” Paulkienitz.net, Paulkienitz.net, https://paulkienitz.net/enron/smartest-guys.html
Study Document
Shareholder Vs Stakeholder Theory
… simply justifying whatever choices one wanted to make regardless of how it impacted others. Today, businesses are not held accountable, and the 2008 crisis showed as much. Their cronies are all in positions of power in the government, looking out for them rather than for any type ……
References
References
Augustine. (n.d.). Commentaries on Sermon on the Mount. http://www.newadvent.org/fathers/16011.htm
Chen, J. (2019). Market Milestones as the Bull Market Turns 10. Retrieved from https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
Income Inequality And Poverty
… the issues, this particular paper advocate for the adoption of guidelines and policies that are aimed at reinforcing infrastructure as well as attaining financial growth to alleviate the present poverty levels existing in the BRICS countries. The paper aims to review the relationship between the development of … in poverty alleviation among BRICS economies. In comparison to the other papers in this review, this is the only paper that examined a non-financial intervention. The results are linked to the fact that development of infrastructure serves to present opportunities of income generation for the impacted communities, … the Malmquist index is determined and decomposed to identify the changes in the efficacy as well as their sources in the period of crisis. The data utilized in the investigations were obtained from OECD and Eurostat databases, and they cover the duration from 2007 to the year ……
References
References
Bonito, J. D. M., Daantos, F. J. A., Mateo, J. C. A., & Rosete, M. A. L. (2017). Do entrepreneurship and economic growth affect poverty, income inequality, and economic development. Review of Integrative Business & Economics Research, 6(1), 33-43.
Chiazor, I. A., Egharevba, M. E., & Ozoya, M. I. (2016). Widening Inequality and Poverty in the Developing World-Micro-Financing as a Viable Solution. The Social Sciences, 11(13), 3286-3293.
Chotia, V., and Rao, N.V.M. (2017). Investigating the interlinkages between infrastructure development, poverty, and rural-urban income inequality: Evidence from BRICS nations. Studies in Economics and Finance, Vol. 34 No. 4, pp. 466-484.
Cyrek, M. (2019). Government social spending in the EU countries: efficiency in poverty and income inequality reduction. Equilibrium. Quarterly Journal of Economics and Economic Policy, 14(3), 405-424.
Omar, M. A., & Inaba, K. (2020). Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis. Journal of Economic Structures, 9, 1-25.
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