International Financial Management Assignment
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Added on 2021-06-18
International Financial Management Assignment
Added on 2021-06-18
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Running head: INTERNATIONAL FINANCIAL MANAGEMENTInternational Financial ManagementName of the Student:Name of the University:Authors Note:
INTERNATIONAL FINANCIAL MANAGEMENT1Table of ContentsAnswer to Question 1:................................................................................................................2Answer to Question 2:................................................................................................................2Answer to Question 3:................................................................................................................3Answer to Question 4:................................................................................................................4Answer to Question 5:................................................................................................................4Answer to Question 6:................................................................................................................6Answer to Question 7:................................................................................................................6Answer to Question 8:................................................................................................................7Question 9:.................................................................................................................................8Answer to Question 10:..............................................................................................................8Reference List:.........................................................................................................................11
INTERNATIONAL FINANCIAL MANAGEMENT2Answer to Question 1:Competitive advantage is defined as the capability of a nation or an economy or acompany to produce goods and services of equal amount at a lower cost or in an efficientmanner compared to its competitors (Laursen, 2015). This in turn allows the producer togenerate improved sales and maintain effective margins in comparison to its market rivals.The competitive advantage may arise because of various factors such as the cost structure ofthe organization, quality of the offered products as well as the distribution network(Levchenko & Zhang, 2016). The theory of competitive advantage will certainly be valid in this context as theorganizations operating in the competitive environment are always eager to grab acompetitive edge and hence are always looking to produce at an efficient manner so as togain a competitive advantage over their rivals and thereby accruing a greater market share.Answer to Question 2:The governance activities incorporates the process of managing or governing theparticular processes associated to people. It involves maintaining the legal compliances whileperforming a specific work. In other words it implements the way through which the policies,procedures and rules are being enacted or followed (Tricker & Tricker, 2015).The Governance Regime in turn determines whose authority or administrativeguidelines will be followed, and certainly in accordance with that the different governanceregimes are designed,There are mainly four type of government regimes, which are namely, Market Based,Bank Based, Family Based and Government Affiliated.
INTERNATIONAL FINANCIAL MANAGEMENT3The market based corporate governance regime emphasises on the responsibilities ofall the stakeholders of the organization. This may include the shareholders, management,board of directors, suppliers, customers and employees (McCahery et al., 2016).In a bank based corporate governance the supervisory board of an organisation isdesigned in such a way that the board is majorly dominated by the corporate insiders or thebankers.If an organisation is owned and controlled by a family then it can be regarded that theorganisation is being controlled by the family and hence the system will be characterised as afamily based corporate governance.Under the government based corporate governance, an organization’s functions anddecisions are controlled by the government.The key aspect of these four types of corporate governance can be compared andcontrasted. It would certainly be observed that these types of corporate governances are onlydifferent from the aspect of the controlling authority, the efficiency of these systems wouldalso depend on the efficacy of the controlling authorities as well (McCahery et al., 2016). Answer to Question 3:An Australian firm purchases a web hosting service from a US firm: This can be regarded as the debit to the current account of the Australian firm, whilecredit to the current account of the US firm.Singaporean parents pay for their son’s study at an Australian University:Debit to the current account of the Singaporean parents and credit to the currentaccount of the Australian University.
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