dissertation題目：dissertation要求在附件中，務必按照要求完成

dissertation語言：英語dissertation English

dissertation專業：金融

字數：2500

學校國家：英格蘭

是否有數據處理要求：是

您的學校：

dissertation用于：Master Coursework 碩士課程essay

補充要求和說明：

dissertation要求都在附件中，其中涉及到SPSS的數據分析，請務必按照要求保持保量完成，謝啦。

 

This second coursework for the module consists of one piece of work comprising up to 2,500 words that aims to test your understanding of underlying principles of quantitative research in the social sciences, with a particular emphasis on accounting and finance contexts.  The coursework will contribute 50% of the total mark for the module.  The coursework requires you to perform and present regression and statistical analysis of data accompanied by a commentary that explains the regressions and tests that are being performed and the interpretation of those tests in the context of accounting and finance theory.這第二個essay的課程工作，包括要寫到2500字，旨在測試你的定量研究在社會科學，特別側重于會計及財務上下文的基本原則的理解。金融essay格式要求課程將貢獻50％，總的標記模塊。該課程，您需要執行和提交的評論，說明回歸和正在執行的測試，這些測試的背景下，會計及財務理論的解釋伴隨著數據的回歸和統計分析。

 

The deadline for submission of your assignment is 10.00 on Monday 10th January, 2010.  The assignment should be delivered to the Post Box in Room A04 of the Aberconway Building.你的essay提交的截止日期為上周一2010年1月10日為10.00。分配方式應該被傳遞到郵政信箱A04室的Aberconway大廈。

 

The assessed coursework must be entirely your own work.  Severe penalties will be imposed on students who are found guilty of plagiarism.  You are referred to your module catalogue for further details.  In addition, in an attempt to prevent plagiarism, you will be provided with a unique data set for the assignment.  Details of where you can find your data are provided overleaf.評估的課程必須是完全是你自己的工作。誰被發現犯有抄襲的學生，將被處以嚴厲的處罰。您被稱為你的模塊目錄的進一步細節。另外，在試圖防止剽竊，你將被提供了一個獨特的數據集的分配。在這里你可以找到你的數據的詳細信息頁提供。

 

Bibliography & Referencing:參考書目和參考的：

你咨詢學術期刊文章和專業雜志上的文章，在適當情況下。請記得引用來源，使用適當的引文系統（如哈佛風格）。散文引用不佳失分。引用樣式的指導，可以發現在圖書館和網上：#p#分頁標題#e#

You are expected to consult academic journal articles and professional journal articles, where appropriate.  Please remember to reference your sources using an appropriate citation system (such as Harvard style). Essays will lose marks for poor referencing.  Guidance for referencing styles can be found in the library and online:  

 

DATA數據

 

There are two parts to the assignment, which test your understanding of quantitative research methods.  The first part is a test of the Capital Asset Pricing Model (CAPM) using stock returns of a particular industry portfolio and the second part is an examination of firm characteristics that may affect audit fees using a unique sample of UK firms.  分配有兩個部分，測試你的定量研究方法的理解。第一部分是資本資產定價模型（CAPM），使用一個特定的行業組合和股票回報第二部分是檢查企業特征，可能影響審計費用，采用了獨特的英國企業樣本測試。

 

The data for the assignment can be found at S:/Teaching/Research Methods.  For Part 1, you are allocated a specific industry portfolio to investigate.  For part 2, you are allocated a random sample of 5000 firms.  The data allocation can be found in the file S:/Teaching/Research Methods/Assignment Data Allocation.xls.  The industry portfolio returns are found in the spreadsheet S:/Teaching/Research Methods/Industry Portfolios.xls.  Your specific data set for investigating audit fees in part 2 can be found at S:/Teaching/Research Methods. The data allocation spreadsheet shows you precisely which data you should use for your assignment.  

 

PART 1: TEST OF CAPM第1部分：試驗CAPM

 

The spreadsheet S:/Teaching/Research Methods/FF Data 10-11.xls contains the market (mkt-rf), growth (smb), value (hml) and momentum (umd) asset pricing factors for US stocks.

 

REQUIRED

 

Use these asset pricing factors to test the validity of the Capital Asset Pricing Model (CAPM) for your industry portfolio returns.  Write a commentary to explain the methods that you use and interpret your findings.  Your commentary should include the following:

 

(a) an explanation of the theory that is being tested, 

(b) a statement of coefficient values under null hypotheses, 

(c) presentation of regression analysis, 

(d) interpretation of hypotheses tests on coefficients, 

(e) analysis of diagnostic tests to verify the validity of your regression model, 

(f) any other information or tests that you feel are relevant.

 

PART 2: AUDIT FEES第2部分：審計費

 

Your spreadsheet (KEVINX.csv) contains a sample of 5,000 UK firms.  For each firm you have been provided with the following variables:  #p#分頁標題#e#

 

(i) log of audit fee (logafee); 

(ii) log of sales (logsal); 

(iii) log of total assets (logta); 

(iv) number of subsidiaries (nsubs); 

(v) exports divided by sales (expsales); 

(vi) total liabilities divided by total assets (gearing) (tlta); 

(vii) return on total assets (retta); 

(viii) current assets divided by current liabilities (cacl); 

(ix) a dummy variable to indicate if the firm’s audit is performed by one of the big four auditors (big4).

 

REQUIRED所需

 

Use the information on the above variables to investigate whether firm characteristics can explain the cost of audits.  Write a commentary to explain the methods that you use and interpret your findings.  Your commentary should include the following:

 

(a) an explanation of the reasons for including these variables in an investigation of audit fees, 

(b) a statement of coefficient values under null hypotheses, 

(c) presentation of regression analysis 

(d) interpretation of hypothesis tests on coefficients, 

(e) analysis of diagnostic tests to verify the validity of your regression model 

(f) any other information or tests that you feel are relevant.