Accounting & Finance: Research Project on HSBC and Globalisation

This research project examines the outcomes of globalisation on financial services, using HSBC as a case study. The introduction provides an overview of globalisation and its impact on financial institutions, highlighting the benefits and challenges. The project explores the research background, rati...Read More

Research Project
(Accounting & Finance
Pathway) Proposal
Form.
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Table of Contents
TITLE..............................................................................................................................................3
CHAPTER 1: INTRODUCTION ...................................................................................................3
CHAPTER 2: LITERATURE REVIEW.........................................................................................6
CHAPTER 3: RESEARCH METHODOLOGY...........................................................................10
CHAPTER 4: DATA ANALYSIS................................................................................................13
CHAPTER 5: Reflection & Recommendation for Alternative Research Methodology...............26
CONCLUSION..............................................................................................................................28
REFERENCES..............................................................................................................................29
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TITLE
“To examine the outcome of globalisation of financial services”. A case study related to HSBC.
CHAPTER 1: INTRODUCTION
Overview of research
Globalisation derives that an act of becoming worldwide or liberalisation of trading in
larger market. Globalisation of financial services means where financial institution comes
together or partnered with another organisation for provides the services to its customer
(Amadeo, 2019). The firms are trades in capital market services such as banking and insurance
services, equity, bonds, forex market to increase the global presence in vast market by reaching
its valued customer. It may faces some technological issues, disorder in communication,
transportation cost in delivering the services to its customers. Service industry can be enhance
the trading ability of its financial services in capital market by using this massive platform.
Universal trading can be possible in respect to merger and acquisition of firms or diversification
of financial services in capital market. Financial Institution required to understand the customer
needs and their expectation and provides them best business services. The important factor to
financial institution to operate a business successfully in global market is providing value of
money to its customer by using the tech-based services. Financial universe services includes
advanced data processing, loosing the limitation on cross- border cash flow in order to grow
rapidly by accessing its direct customer.
Background of research
HSBC is British multinational banking and financial service providing firm in
international market. It is one of the largest bank in Europe in term of total assets with US$2.558
trillion as well as 7th largest bank in the world. Its headquarter is in London, united kingdom and
its total revenue is 5380 Cr. USD with having 235217 total number of employees It has largest
banking and financial institution Channel in market. HSBC has around 38 million customer with
3900 branch offices in 67 countries. It is the sixth largest public company as well. It has been
identified going global is consider to be the major crucial requirement for a company that
support to provide services to large number of people and increasing profit. Thus respective bank
have a major concern in context globalisation, which makes them more focused on expanding
their valuable services at national level that further support in increasing profit margin.
Management use to analyse the current market requirement, things offered by other competitors,
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actual willingness of international customer so that they are able to produces and provide
valuable services to satisfy the needs and requirement of customer.
Rational of the Research
The research work is mainly associated with total influence of globalising of useful
financial and other banking services in order to satisfy the emerging financial needs of customer
(Bounphrey, 2016). Investigation rational is related with vital circumstance that are major
grounds to reduce any kind of lacking within literature and also beneficial to create strategies and
solution to particular problem arising in conducting research work. It is noticed that the main
purpose of doing any type of research on any topic is to create the knowledge related to
respective topic, improve the skills and ability that support in better attainment of goals and
objective. As HSBC is planning to improve and expand their services across boundaries that will
provide customer more option to acquire the best product and service that will satisfy there need
in pleasant manner. Rational assist investigator to modify the penetrating in context to IFRS and
its importance to the absolute conception for accounting and emerging business world.
Research Aim
In the respective research work, the main objective is to describe the main aim and goals
of research to specific topic (Bruce and Ahmed, 2016). It is essential that actual aim must be
accurate, authentic and appropriate so that it help in determining the best possible conclusion. In
this research topic, the aim is “To examine the outcome of globalisation on financial services”. A
case study related to HSBC.
Objective
It is observed that the main objective of research work must be clear, faithful, suitable
and relevant to topic which support to make authentic solution. Some of the related objective to
the topic “The Globalisation of financial services” are as follows:
11 To ascertain the significance of Globalisation for companies.11 To determine the effect of globalisation on financial services so that business can expand.11 To determine assorted structure, which support HSBC, can globalise entire services in
different part of world.11 To elaborate the usefulness of globalisation in relation to banking industry mainly to
HSBC.11 To measure drawback of globalisation in banking industry particularly to HSBC.
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Research Question
It is significance for an investigator to make sure that research question must be short,
clearly stated, related to topic so that answer can be made as per the requirement (Fox and
Hundley, 2011). In research study all the specific question are related with actuals aims and
objective. The important question are discussed below:
 What are significance of Globalisation?
 How Globalisation affects financial services?
 What are assorted manner, which help to HSBC to globalise financial services?
 What are respective benefit of globalisation to HSBC?
 How globalisation can bring challenges in the context of banking industry?
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CHAPTER 2: LITERATURE REVIEW
The process related with critical assessment and effective evaluation of crucial data with
the support of reliable sources that benefit to determine any kind of lacking in knowledge and
resources is known as literature review (Stevenson, 2014). It help to assess the proper knowledge
which further aid in increasing the best suitable output for the research topic. The Literature
review also assist to create a in depth understanding about the specific topic through proper
articles, published magazines, scholar paper etc. This section in consider to be most crucial part
of research and it is related with developing the best possible ideas and thoughts that will give
brief understanding of respective study. A literature review is also explained as published data in
a particular subject area, and former data in a specified susceptible area within a specified time
duration. In this section data has been gathered through secondary sources like books, journals,
articles, scholar papers, newspapers.
Ascertain the significance of Globalisation for companies.
In the opinion of Hui Boon Tan, it was determined that interrelation of large number of
businesses or entities across nation that helps to evaluate the economies, culture and politics so
that valuable services can be provided to desired customer base. In business scenario, the quality
of business entity to move outside the home country and develop services for large number of
customer in order to increase overall profit (Robertson, 2012). Nowadays business firms are
continuously expanding business after analysing marketing situations, current trends, other
facilities that are available by other companies so that they can effectively manage their
operation in most profitable manner. Globalisation have effective function in processing the
business activities of respective firm that have a indirect and direct impact business performance
of company. There are number of crucial importance of globalisation to HSBC that are discussed
below:
Gain competitive advantages: In the present world of business there are number of companies
operating within the same industry and have the main motive to provide useful services to
customer and make huge profit (Bennett, James and Klinkers, 2017). Globalisation is beneficial
concept which makes easy for the business to reach more and more customer and deliver the
useful services and goods in specific time period.
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Greater Awareness: It also have an essential role that is to create awareness among rules and
regulation that have been helpful to increase the understanding of doing business at global level.
This is also beneficial for the company to enhance its brand image in the mind set of people.
Determine the effect of globalisation on financial services so that company can expand
business.
According to the viewpoint of Lassou and Soobaroyen, 2017, the procedure of
globalisation have a major impact on the business performance, as it focuses to expand the
business activities to large number of audience so that profit margin can be increased in future.
While globalising the business at international level there is need to follow certain rules and
regulation that will guide to manage and run business activities in profitable manner (Robertson
and et. al., 2014). In the present time it is becoming the primary survival for number of financial
institute and other banking companies so that they can attain the desired goal and objective
related with expanding financial services and delivering the same to diverse customer. Therefore
it essential for companies to consider few main components that helpful for HSBC to survive for
long that are as follows:
 Better understand the needs and expectation of customer.
 Delivering the valuable services to customer so that there needs can be fulfilled in better
manner.
There are number of reforms that relates to effect of globalisation to the banking industry
such as it support to provide extensive strength to the capital base of bank with the help of
subordinated debt, recapitalization, it support to introduce prudential bonds that are useful to
provide strength
Find out the ways which support HSBC, to globalise entire services in different part of world.
In the words of Yong Geng, Sarkis Joseph and Bleischwitz Raimund, 2019, the market
for almost everything is huge, but it's not large enough for many entrepreneurs. For these
growth-minded business owners, the rest of the world is their portion (Stearns, 2018).
Attempting international growth by going global as an importer-exporter offers opportunity
aplenty. Further the researcher explained some supportive ways which can helps the HSBC to
grow its business in entire world. At the very first stage, an organization should try to understand
the terms, norms and conditions of the new approached market or economy. For this purpose the
respective firm have to be familiar with economic trends, learn the laws and regulations of
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specific countries and conduct proper research and development on cultural environment. The
next step towards being globalized is to evaluate the offerings the firm is providing. After
checking the compatibility of its products and services, selected firm have to develop its sales
and marketing strategies accordingly for product positioning. All these planning and strategies
are total waste if demand and supply factor will not be adequate. For creating demand, selected
company have to create its potential customer base who will consume its offerings and also have
to find out suppliers and agents who may help in production and rendering services, hence
making connections is also crucial. After completing all these mentioned processes, it is required
to repeat this cycle to introduce new products and services. The selected company will get
disappear from the market if it does not continue its efforts therefore it is necessary to stay in
course for the establishment.
Benefit of globalisation to HSBC
As per the opinion of Peter N. Stearns, it has the potential to make this world a better
place to live in and solve some of the deep-seated problems like unemployment and poverty.
Further the author said that globalization has so many benefits that it may improve the social
wellness as well as economical standard of the entire world. Globalization represents free trade
which helps the HSBC in achieving global economic growth, creating new jobs, making the
company more competitive and lowering prices for consumers. Competition between countries is
supposed to drive prices down and foreign countries are agreed to let the organization run its
business in local economy (Potrafke, 2015). It also provides poor countries, through infusions of
foreign capital and technology, with the chance to develop economically and by spreading
prosperity, creates the conditions in which democracy and respect for human rights may flourish.
The respective firm is now may attain the benefits of new advanced technologies, foreign
investment and skilled personnels within it. Globalization has also provided new consumer
market place to the selected establishment to release its new innovative product and services.
With the help of globalization vital information can be shared between individuals and
corporations at a very fast. It has also expedited in increasing the ease of transporting people and
goods which helps the client company in getting the information about market trends and
opportunities quickly and HSBC is capable to increase its business effectiveness by catching
those opportunities.
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Challenges in the context of banking industry due to globalization.
According to John H. Dunning, 2015, globalisation also provides some challenges or
risks as well as benefits. The biggest challenge for a banking company in globalised economy is
to comply with the accounting and banking rules, regulation and standards. In order to enhance
its business globally, HSBC has to follow laws and legislations regarding conduction of business
of particular foreign countries. In banking sector, it is crucial to held adequate technology for
data privacy and security purpose and capacity premises in order to run business properly. In
case of expending its business transactions, it may be a concerning challenge for the respective
firm to find out appropriate building and cost consuming to update its technologies.
Globalisation provides the same opportunities to the other banking organizations as well as
HSBC. The firm also has to face competition with other well equipped banking companies which
may conduct their business in local market due to this term. It may adversely affect the revenue
of the client firm. The issues related to corporate governance have continued to attract
considerable national and international attention in light of a number of high-profile breakdowns
in corporate governance. This becomes more relevant for banks to follow a powerful corporate
governance to control their funds. HSBC also have to pay attention towards fiduciary capacity
and credit creation and policies. It has to maintain and show its financial stability and effective
financial governance (Mees, 2015).
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CHAPTER 3: RESEARCH METHODOLOGY
In research work the systematic approach that is utilise for making valuable evaluation
related specific topic is consider as research methodology (Geng, Sarkis and Bleischwitz, 2019).
In general term it is defined as the the crucial component that include different research work
which provide legal and authentic framework to conduct following research in appropriate
manner. It is defined that methodical are basically used in order to gather large and authentic
information or data which are further beneficial to make conclusion related to research topic or
to resolve the reasons due to which problem can be arises within certain work. It includes the
selection of various applicants that are essential to support the sources gather in literature review.
Types of investigation
The main belief of an investigator is to choose the most suitable and faithful kind of
investigation that aid to define the best results and in correct direction (Lozano, 2015). There are
basically two kind of research work such as quantitative and qualitative which are needed to be
selected accordingly depending upon nature of research work so that decision are made
respectively. Quantitative method is related with collecting of mathematical, statistical
information relevant to a topic which make sure that decision are made to determine the best
result. On the other side qualitative methodology is defined as the vital tool which is used in
collecting or observing non mathematical information that are related with theoretical aspect. In
this respective research work qualitative method have been selected that support to collect data
related with topic and make effective strategies and involve steps to reduce certain issues.
Research Approach
This is related to most crucial section of research methods that benefit to execute research
work in impressive way and focusing to make valuable results that will increase efficiency of
researcher. There are mainly two kind of research approach that are inductive and deductive. In
relation to the selected topic “ The Globalisation of Financial services” inductive method is used
that is consider to be more reliable while making results related to certain topic by making
suitable figures and facts.
Research Philosophy
The effective manner which assess in gathering information related to topic by dealing
with crucial sources, knowledge and understanding is known as research philosophy (Dunning,
2015). There are primarily type sort of philosophy that are valuable to define the information
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such as quality and interpositive. In this work, investigator used to include interpositive
philosophy of research that will deliver proper examine of different data and information which
are gather from assorted prospect of particular situation. It is referred to be best applicable tool
that is used in qualitative approach that aid in collecting information.
Data collection Tool
In any type of research work, the major obligation of an investigator is to ascertain the
accurate, dependable, reliable data which is essential for making effective research results and
extracting the profitable sources. In order to gather best suitable and authentic data researcher
may use primary and secondary data tool (Kirton, 2017). It is stated that primary tool is one of
the most beneficial in conducting research as it support in aggregation of collected data that is
being gather for the first time therefore information can be more apprehensive and reliable to the
topic. Secondary tool is mainly used by the researcher to determine the already published data
in context to selected topic that support to gain enough knowledge. In this research work primary
and secondary tool of data collection are used such as with the aid of primary tool survey is
conducted by formulating questionnaire that exactly define the main motive and purpose of
investigation. By using secondary tool researcher used to identify the suitable information and
data related to topic from number of published article, Journals, books etc.
Data sampling tool
It is stated that sample distribution is known to a crucial method that is being
implemented within statistical research hat use to include organised observation accumulated
from huge population (Jabnoun, 2015). It is being divided into probabilistic and non-probabilistic
techniques which is helpful in gathering information form more number of respondent depending
upon the kind of research work that mainly includes random sampling or systematic. In this
particular research work investigator apply random sampling method that is essential to
accumulate reliable information. They uses 40 individual, which are being employed within
HSBC to determine best suitable outcome.
Time Line
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CHAPTER 4: DATA ANALYSIS
In research work, the most crucial part of research that is related with inspecting,
transforming, cleansing information with the main objective to ascertain the most valuable
results so that decision are made related to particular topic (Hopper, Lassou and Soobaroyen,
2017). In this part of investigation accumulated data needed to be examined that support to reach
at desired outcome. In respective work thematic examination is made that further support to
formulate question that are mainly based on objective and goals of research. The number of
respondent that are obtained for conducting research are valuable employees of company.
QUESTIONNAIRE
Name:
Age:
Gender:
Contact no.:
Occupation:
Q1. Are you aware about the concept of globalisation of financial services?
 Yes
 No
Q2. Does governance and financial institutions have any role in the globalisation practices?
 Yes
 No
Q3. What are the advantages of globalisation of financial services of HSBC?
 Establishment of financial partnership
 Liberalization of financial activities
 Both of the above
Q4. Does globalisation of financial services have any impact upon the macroeconomic
conditions?
 Yes
 No
Q5. What are the factor that can be influenced by globalisation of financial services?
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 Financial institutions
 Non-financial institutions
 Both of the above
Q6. Does financial globalisation assist in promoting growth opportunities in developing
countries?
 Yes
 No
Q7. What are the major factors that help different countries to obtain the benefits of financial
services globalisation?
 Foreign direct investment
 Transparency of government policies
 Macroeconomics policies
Q8. Is there any drawback of globalisation of financial services?
 Yes
 No
Q9. What can be the major challenges of financial globalisation for HSBC?
a) Issue of Monetary Transmission
b) Crisis in Management
c) Non-Performing Assets
Q10. Any recommendation for further
improvements……………………………………………..
Data Sheet
Q1) Are you aware about the concept of globalisation of financial
services?
Frequency
a) Yes 22
b) No 18
Q2) Does governance and financial institutions have any role in Frequency
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the globalisation practices?
a) Yes 24
b) No 16
Q3) What are the advantages of globalisation of financial services
of HSBC
Frequency
 Establishment of financial partnership 16
 Liberalization of financial activities 14
 Both of the above 10
Q4) Does globalisation of financial services have any impact upon
the macroeconomic conditions?
Frequency
 Yes 28
 No 12
Q5) What are the factor that can be influenced by globalisation of
financial services?
Frequency
a) Financial institutions 20
b) Non-financial institutions 13
c) Both of the above 7
Q6) Does financial globalisation assist in promoting growth
opportunities in developing countries?
Frequency
 Yes 25
 No
15
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Q7) What are the major factors that help different countries to
obtain the benefits of financial services globalisation?
Frequency
a) Foreign direct investment 22
b)Transparency of government policies 6
c) Macroeconomics policies 12
Q8) Is there any drawback of globalisation of financial services? Frequency
 Yes 27
 No 13
Q9) What can be the major challenges of financial globalisation
for HSBC?
Frequency
a) Issue of Monetary Transmission 16
b) Crisis in Management 10
c) Non-Performing Assets 14
Q10) Any recommendation for further
improvements……………………………………………..
Frequency
THEME 1: Knowledge about globalization
Q1) Are you aware about the concept of globalisation of financial
services?
Frequency
a) Yes 22
b) No 18
16

a) Yes b) No
0
5
10
15
20
25 22
18
Interpretation: From the above table, it has been analyses that from 40 employees there are
around 22 worker that are familiar with the concept and importance of Globalization so that
financial services can be easily expanded at international level to attain the desired results. It is
also being noticed that 18 employees do not have the knowledge about the globalization which
will effect the overall productivity of company (Lassou and Soobaroyen, 2017).
THEME 2: Globalization beneficial for HSBC to conduct business at global level
Q2) Does governance and financial institutions have any role in
the globalisation practices?
Frequency
a) Yes 24
b) No 16
a) Yes b) No
0
5
10
15
20
25
30
24
16
17

Interpretation: The above graph clearly defines that governance and other financial institution
have crucial role while helping companies to globalization there services in different part of
world. The facts describe that 24 employees shows a positive understanding that governance help
HSBC to expand valuable services in different part while rest of the member have negative
thinking in this context.
THEME 3: Benefits HSBC can get through globalization
Q3) What are the advantages of globalisation of financial services
of HSBC
Frequency
 Establishment of financial partnership 16
 Liberalization of financial activities 14
 Both of the above 10
Establishment of financial partnership
Liberalization of financial activities
Both of the above
0
2
4
6
8
10
12
14
16
18 16
14
10
Interpretation: It have been identified from the above graph that globalization have number of
advantages to a respective firm, such as from total of 40 respondent 16 member thinks that it
help in establishing financial partnership with other institute. While 14 employee have a positive
feeling that it aid in liberalization of financial services so that profit can be increased. Similarly
10 worker assume that it will help HSBC in both activities.
THEME 4: Main objectives of financial reporting
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Q4) Does globalisation of financial services have any impact upon
the macroeconomic conditions?
Frequency
 Yes 28
 No 12
Yes No
0
5
10
15
20
25
30 28
12
Interpretation: It has been analyses that, according to 28 worker of HSBC the overall impact of
globalization of financial services on microeconomics condition is very high as it provide more
suitable option to customer so that they can make appropriate investment and may money used in
other economic development. While on the other side 12 candidate assume that there is not much
influence of globalization on microeconomics development of a particular place as other factors
are also responsible.
THEME 5: Stakeholders that are benefits from financial reporting
Q5) What are the factor that can be influenced by globalisation of
financial services?
Frequency
a) Financial institutions 20
b) Non-financial institutions 13
c) Both of the above 7
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a) Financial institutions
b) Non-financial institutions
c) Both of the above
0
5
10
15
20
25
20
13
7
Column B
Interpretation: It has been interpreted from the above graph that 20 selected member have a
feeling that financial institution are the major factor which are being impacted by globalizing of
valuable banking services. 13 assume that non-financial bodies are mostly impacted through
globalisation of crucial financial services while rest of the candidates thought that both institute
are equally important for expanding business in other countries.
THEME 6: Globalization impact on the financial reporting
Q6) Does financial globalisation assist in promoting growth
opportunities in developing countries?
Frequency
 Yes 25
 No
15
20

Yes
No
0
5
10
15
20
25
30
25
15
Column B
Interpretation: The above graph clearly represent that 25 respondent thinks that due to
globalisation of financial services there are vast number of opportunities within a respective
country, as it support to increase the number of job option, banking facilities, investment option.
On the other side 15 candidates have a negative feeling that globalisation of financial services
would only increase the expenditure level for HSBC that will not be easy to recover by
delivering services into new market.
THEME 7: Importance of financial reporting to HSBC bank
Q7) What are the major factors that help different countries to
obtain the benefits of financial services globalisation?
Frequency
a) Foreign direct investment 22
b)Transparency of government policies 6
c) Macroeconomics policies 12
21

a) Foreign direct investment
b)Transparency of government policies
c) Macroeconomics policies
0
5
10
15
20
25
22
6
12
Column E
Interpretation: It has been analysed from the above graphical presentation that there are number
of major factors that help different countries to obtain the benefits of financial services
globalisation. As 22 candidates assume that it will provide advantages of Foreign Direct
Investment as there are more option to customer of other countries to make investment in
appropriate schemes. From the 40 individual, 6 are agreed with the option that it will deliver
transparency within government policies by globalising of financial services and rest of he
candidates thinks that the major factor that will support respective company to acquire advantage
of globalised of financial services is related with macroeconomic policies and strategies.
THEME 8: Impact of globalization on financial reporting
Q8) Is there any drawback of globalisation of financial services? Frequency
 Yes 27
 No 13
22

Yes No
0
5
10
15
20
25
30
27
13 Column E
Interpretation: The above graph interpret that there are not only advantages of globalisation,
but it also have number of disadvantages. It is observed that 27 people within company assume
that globalisation of financial services will have major drawback, as it increase the total
expenditure volume, required skilled staff to manage different activities in other countries. The
graph also shows that 13 selected member deny that they don't think that there can be any
problem to HSBC while going in other countries as it is one of the most profitable activity.
THEME 9: Different ways HSBC can use to prepare the financial reports
Q9) What can be the major challenges of financial globalisation
for HSBC?
Frequency
a) Issue of Monetary Transmission 16
b) Crisis in Management 10
c) Non-Performing Assets 14
23

a) Issue of Monetary Transmission
b) Crisis in Management
c) Non-Performing Assets
0
2
4
6
8
10
12
14
16
18 16
10
14
Column B
Interpretation: It is clear for the above diagram, that from 40 group member 16 think that issue
related with monetary transmission is one of the major challenges that can be faced by HSBC
while expanding services and banking facilities across different nation, 10 respondent assume
that company might face the challenge of crisis within management due to which it will not be
easy task to handle crucial expanding techniques in appropriate manner. While the remaining 14
have felling that Hongkong and Shanghai corporation would face the issue of non-performing
assets that will lead to low income generation in future period.
Communication research findings to stakeholders
From the entire research work, an best suited idea is being evaluated that is related with
enlargement of business in other nation that will deliver major benefits to company in nearby
future (Godlewski, Turk-Ariss and Weill, 2016). Respective bank HSBC run business at broad
level and have a major focus on raising business activities across different countries to gain
high growth and profitability. From the entire analysis of the selected employees it is concluded
that they are accepted with the idea of business increase HSBC within emerging markets are the
beneficial for its growth.
Stakeholders are consider to be a major part of company that define the business
company. The leading duty of the research worker is to provide the collection to desired
stakeholders which support them in decision making regarding financial position of company.
The essential stakeholders of this particular research work are the individual those are enclosed
24

within research and team member those are having appropriate knowledge and understanding
within specific area of study (Fratianni and Savona, 2017). It is also observed that scholars and
target audience are thoughtful to be the main stakeholders of the research work. In particular
research work which is related with actual outcome of impact of globalization of financial
services have number of advantages and disadvantages that can be related with government
bodies, consumers, suppliers, operators, investment communities, owner etc. of the firm.
25

CHAPTER 5: Reflection & Recommendation for Alternative Research
Methodology.
In research work the most significant part of research work is related with accurately
reflecting to the entire useful finding through research in context to formulate valuable
recommendation which support in determining the basic understanding and knowledge (Faff,
2016). The following research is depended upon examine of “ The Globalisation of financial
services” which support HSBC to provide useful services to new customer in new market. I
have recognised that the concept of globalisation is one of the most effective activity for evert
kind of business which support in accomplishing huge success and growth by effectively
expanding business operation in different part of world and attain remarkable profit that support
to gain desired results. From the entire work it has been recommended that large bank like
Hongkong and Shanghai Corporation are required to properly analyse the market trend and
different ways of promoting and marketing valuable product and services before going into
emerging market so they are able to attain the interest of large number of customer. I also
experience that in order to capture new market and develop a good market value HSBC
introduce new and exciting bank product and services that will deliver extraordinary benefit to
new customer base. It is the major responsibility of management to make sure that essential
ethical norms and standard must be followed while establishing business at global level which
gives them freedom to easily operate business activities and generate desirable income in nearby
future (Enofe, Ekpulu and Ajala, 2015).
The entire research is performed on determining the importance of globalising of
financial services which help HSBC to grow business in different nation and providing customer
more option to adopt the best suitable service that will satisfy their needs in meaningful manner.
I understand that research methodology is one of the most important part of research work that
use to provide authentic and suitable support to the literature review in context of possible
sources collected to relevant topic. It is observed that inductive method is used to provide
support in order to examine qualitative research. In this particular research work the primary
techniques to collect data is with the help of
Alternative research methodology
To conduct a particular research work there are number of secondary or alternative
techniques which can helpful to make detailed and accurate results relevant to a particular topic.
26

Likewise interview can be a improved choice which would make more impressive effective
results related to “The Globalisation of Financial services”. In this process number of different
question are asked from group of people that help to define the level and understanding of to
each individual.
As it is assumed that research work is one of the most significant procedure so to conduct
the same I lack the specific skills and understanding which can deliver better results. Some of the
major issues faced various such as irrelevant content on website, unrecognized format, outdated
facts and figures. It is essential to regard research ethics, regulation and principle which enable
me to execute research work in more desired manner which help me to reduce errors and struggle
that are faced at the time of conducting research (Clarke, 2016).
27

CONCLUSION
From the above research report, it has been founded that globalisation is the effective
method of expanding business in different nation so that valuable product and services to large
number of customer to gain profit and receive maximum impressive brand image. The concept of
globalisation of financial services provide valuable growth to organisation so that customer have
useful option for making specific investment by properly analysing the rate of return.
Globalisation has a momentous function that is to make individual and social group additive
attached to each other so that any profit making option is not missed by them in specific year.
Therefore, the outcome on intercontinental processes is large and fantastic within the gainful area
as view to the banking commercial enterprise. There are assorted goodness of globalisation in
context to HSBC which help them to increase the number of services and bank product to large
number of audience, improve profit and help economy to grow worldwide.
28

REFERENCES
Books and Journals:
Bennett, M., James, P. and Klinkers, L. eds., 2017. Sustainable measures: Evaluation and
reporting of environmental and social performance. Routledge.
Bruce, K. and Ahmed, A. D., 2016. Conceptions of professionalism: meaningful standards in
financial planning. Routledge.
Clarke, T., 2016. The continuing diversity of corporate governance: Theories of convergence and
variety. Ephemera: Theory and Politics in Organization.
Dunning, J. H., 2015. The eclectic paradigm of international production: a restatement and some
possible extensions. In The Eclectic Paradigm (pp. 50-84). Palgrave Macmillan,
London.
Enofe, A., Ekpulu, G. and Ajala, T., 2015. Ethical challenges and financial performance in the
Nigerian banking sector. Available at SSRN 2594439.
Faff, R. W., 2016. The'Pitching Research'Concept: 2015, a Year in Review. Available at SSRN
2721528.
Fratianni, M. and Savona, P., 2017. Governing global finance: New challenges, G7 and IMF
contributions. Routledge.
Geng, Y., Sarkis, J. and Bleischwitz, R., 2019. How to globalize the circular economy.
Godlewski, C. J., Turk-Ariss, R. and Weill, L., 2016. Do the type of sukuk and choice of shari’a
scholar matter?. Journal of Economic Behavior & Organization. 132. pp.63-76.
Hopper, T., Lassou, P. and Soobaroyen, T., 2017. Globalisation, accounting and developing
countries. Critical Perspectives on Accounting. 43. pp.125-148.
Jabnoun, N., 2015. The influence of wealth, transparency, and democracy on the number of top
ranked universities. Quality Assurance in Education. 23(2). pp.108-122.
Kirton, J. J., 2017. Consensus and Coherence in G7 financial governance. In Governing Global
Finance (pp. 45-72). Routledge.
Lassou, P. and Soobaroyen, T., 2017. Globalisation, accounting and developing
countries. Critical Perspectives on Accounting. 43. pp.125-148.
Lozano, R., 2015. A holistic perspective on corporate sustainability drivers. Corporate Social
Responsibility and Environmental Management. 22(1). pp.32-44.
Mees, B., 2015. Corporate governance as a reform movement. Journal of Management History.
21(2). pp.194-209.
Potrafke, N., 2015. The evidence on globalisation. The World Economy. 38(3). pp.509-552.
Robertson, L. J., and et. al., 2014. Impacts of globalisation on foodborne parasites. Trends in
Parasitology. 30(1). pp.37-52.
Robertson, R., 2012. Globalisation or glocalisation?. Journal of International Communication.
18(2). pp.191-208.
Stearns, P. N., 2018. The industrial revolution in world history. Routledge.
Stevenson, N., 2014. The Transformation of the Media: globalisation, morality and ethics.
Routledge.
Online
Fox, P., and Hundley, S., 2011. The Importance of Globalization in Higher Education. [Online].
Available through: <https://www.intechopen.com/books/new-knowledge-in-a-new-era-
of-globalization/the-importance-of-globalization-in-higher-education>.
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Bounphrey, S., 2016. Succeed in Emerging Markets: Selection, Strategy and First Steps.
[Online]. Available through: <https://www.insightsassociation.org/article/succeed-
emerging-markets-selection-strategy-and-first-steps>.
Amadeo, K., 2019. What Are Emerging Markets? Five Defining Characteristics. [Online].
Available through: <https://www.thebalance.com/what-are-emerging-markets-
3305927>.
30

Research Proposal Form
Student Name: ______________________ Student ID:
____________
Centre Name: _____________________
Tutor: ________________ Date:
___________________
Unit: ____________________
Proposed Title: The Globalization of Financial Services.
31

Section One: Title, objective, responsibilities
Title or working title of the research project (in the form of a question, objective or hypothesis)
To figure out the impact of globalising of Financial services in respect to the research topic accounting
and finance Pathway.
Aim
“To examine the outcome of globalisation on financial services”. A case study related to HSBC.
Research objectives (e.g what is the question you want to answer? What do you want to learn how
to do? What do you want to find out?):
11 To ascertain the significance of Globalisation for companies.11 To determine the effect of globalisation on financial services so that business can expand.11 To determine assorted structure which support HSBC can globalise entire services in different
part of world.11 To elaborate the usefulness of globalisation in relation to banking industry mainly to HSBC.11 To measure drawback of globalisation in banking industry particularly to HSBC.
Research Question.
 What are significance of Globalisation?
 How Globalisation impact on financial services?
 What are assorted manner which help to HSBC to globalise financial services?
 What are respective benefit of globalisation to HSBC?
 How globalisation can bring challenges in the context of banking industry?
32

Section Three: Literature sources searched
Use of key literature sources to support your research question,
objective or hypothesis:
Literature review denotes to type of the review article and it is a scholarly paper that consist
current knowledge consisting the substantive findings and theoretical contribution to specific
topic.
Concept of globalisation
As per the opinion of Kopp, C., 2019 globalisation refers to process of integration as well as
interaction with in firms, government etc. at the large scale. It is a process through which the
business and some of the other firms develop their international influence to operating at
international scale. It is spread of technology, products, culture, information etc. As per the
opinion of Carol Kopp (2019), globalisation is helpful in raise living standard of the poor and
the less developed countries with the help of providing better job opportunities, improve access
to services or products etc. It is ongoing procedure under which world appears to converging
economically because of the high interdependence that movement of services, products and the
people across the borders develop among world economies.
Importance of globalisation for Nestle
On the basis of opinion of Girod, S.J.G, 2019it has been stated that globalisation is free
movement of people, products and services across worlds in an integrated way. It can be
thought of to be result of opening of global economy as well as enhance the trade among
nations. Nestle is food and beverage for and it is a largest food firm in world that is measured
through revenues with almost 500 factories in more than the 80 countries.The main importance
of globalisation is that it reduces the gap among the two different countries. The globalisation
is characterized through systematic interconnectedness where the one country influence all
other systems.
Girod, S.J.G, 2019. Part 1: The end of globalization?. [Online]. Available through:
<https://www.imd.org/research-knowledge/articles/part-1-the-end-of-globalization/>.
Kopp, C., 2019. Globalization Definition. [Online]. Available through:
<https://www.investopedia.com/terms/g/globalization.asp>.
33

Section Four: Activities and timescales
Activities to be carried out during the research
project (e.g research, development and analysis of
ideas, writing, data collection, numerical analysis,
tutor meetings, production of final outcome,
evaluation, writing the report):
There are different activities which will include under this research project
and will help in provide the positive outcome, there are various activities
mention below which will be included in project:
Activities Time
Duration
 Introduction 12 Days
 Develop aim and objectives with questions 10 Days
 Literature review 13 Days
 Research methodology 15 Days
 Data Collection 12 Days
 Data analysis 10 Days
 Conclusion and recommendation 8 Days
 Submission of the project 5 Days
How long
this will
take:
This
investigation
will take the
3 months for
completion.
Milestone one: _________________
Target date (set by tutor): ____________________
Milestone two: _______________________
Target date (set by tutor): ______________________
Gantt Chart
34

Section Five: Research approach and methodologies
What type of research approach and methodologies are you likely to
use and why? What your areas of research will cover:
35

The research methodology part consider as the most necessary in research project as it is
helpful in provide the better direction to an investigator to execute all research related activities
in a proper manner.
Comments and agreement from tutor
Comments (optional):
I confirm that the project is not work which has been or will be
submitted for another qualification and is appropriate.
Agreed: ________________ (name)_______________ Date ______________
Comments and agreement form project proposal checker( IV
sampling)
Comments (Optional):
I confirm that the project is appropriate.
Agreed /Disagree: (Name of the IV)
Date
36

Research Ethics approval form
All students conducting research activity that involves human participants
or the use of data collected form human participants are required to gain
ethical approval before commencing their research. Please answer all
relevant questions and note that your form may be returned if incomplete.
For further support and guidance please see your respective Unit Tutor:
Before completing this form, we advise that you discuss your proposed
research fully with your unit tutor. Please complete this form in good time
before your research project is due to commence.
Section 1: Basic details:
Project title: How globalisation can drive business success.
Student name:
Student ID number:
Programme:
College Name:
Intended research start date:
Intended research end date:
Section 2 Project summary
Please select all research methods that you plan to use as a part of your
project:11 Interviews Yes No11 Questionnaires Yes No11 Observations Yes No11 Use of personal records Yes No
111 Data Analysis Yes No
111 Action Research Yes No
111 Focus Groups Yes No
111 Others (Please specify) :
Section 3: Participants
Please answer the following questions, giving full details where
37

necessary.
Will your research involve human participants?
Who are the participants? Tick all that apply:
Ages 12-16: Young people aged: 17-18 Adults: More
than 18
How will participants be recruited (identified an approached)?
The participants will be recruit with the help of interview.
Describe the processes you will use to inform participants about what
you are doing:
Under this, researcher will use the telephone as well as email in order to inform the
participants.
How will you obtain consent from participants? Will this be written? How
will it be made clear to participants that they may withdraw consent to
participate at any time?
Through email, consent will be obtain from participants and it will be in the written form. An
investigator assures that participants can be withdraw their consent from an investigation on
the basis sf choice of participants by using the email in order to inform participants.
Studies involving questionnaires: will participants be given the option of
omitting questions that do not wish to answer?
Yes No
If no please explain why below and ensure that you cover any ethical
issues arising from this
Studies involving observation: Confirm whether participants will be
asked for their informed consent to be observed.
Yes No
38

Will you debrief participants at the end of their participation (i.e give
them a brief explanation of the study)?
Yes No
Will participants be given information about the findings of your study?
(This could be a brief summary of your findings in general)
Yes No
Section 4: Data Storage and Security
Confirm that all personal data will be stored and processed in
compliance with the Data Protection Act (1998)
Yes No
Who will have access to the data and personal information?
The researcher will access the personal information and data.
During the research:
Where will the data be stored?
The data will be stored in Computer system and hardware.
Will mobile devices such as USB storage and laptops be used
Yes No
If Yes, please provide further details:
After the research:
Where will the data be stored?
The data will be stored in Computer system and hardware.
How long will the data and records be kept for and in what format?
39

The data will be stored for long period of time and in word format.
Will data be kept for use by other researchers? Yes No
Section 5 : Ethical Issues
Are there any particular features of your proposed work, which may raise
ethical concerns? If so, please outline how you will deal with these:
It is important that you demonstrate your awareness of potential risks
that may arise because of your research. Please consider/address all
issues that may apply. Ethical concerns may include, but are not limited
to the following :
 Informed consent.
 Potentially vulnerable participants.
 Sensitive topics
 Risk to participants and /or researchers
 Confidentiality/anonymity
 Disclosures/ limits to confidentiality
 Data storage and security, both during and after the
research (including transfer, sharing, encryption,
protection).
 Reporting
 Dissemination and use of your findings.
Section 6: Declaration
I have read, understood and will abide by the institution’s
Research and Ethics Policy: Yes No
I have discussed the ethical issues relating to my research with
my Unit Tutor:
Yes No
I confirm that to the best of my knowledge:
The above information is correct, and this is a full description of
the ethical issues that may arise in the course of my research
Name: Date:
Please submit your completed form to your supervisor and also
attach to the Research Proposal when submitting to Turnitin.
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