Week 4,5, and 6 Discussion 1 & 4

Week 4 - Discussion Forum 1

Text

Block, S. B., Hirt, G. A., & Danielsen, B. R. (2019).  Foundations of financial management (17th ed.). Retrieved from https://www.vitalsource.com

· Chapter 12: The Capital Budgeting Decision

· Chapter 13: Risk and Capital Budgeting

 

Recommended Resources

Book

Dushnitsky, G. (2016). Don’t just follow the crowdfunding crowd. In R. Millar (Ed.), Ideas for Leaders Collection: Vol. 1. Strategic leadership. Retrieved from https://www.ideasforleaders.com/

· The full-text version of this encyclopedia entry is available through the Credo Reference database in the Ashford University Library. This entry defines crowdfunding and realistically assesses when this technique should be used and when it may not be applicable for business. The entry is realistic and applicable to actual business situations. This article may assist you in your Contemporary Global Finance Topics Paper assignment this week.

Articles

Banham, R. (2017, October). The best path forward: CFOs blend new and old techniques in a quest for capital spending solutions that allow more flexibility. CFO, 33(8), 28–33. Retrieved from https://www.cfo.com/cfo-magazine

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. The article gives a refreshing update to capital spending in today’s market place by emphasizing investments in improving customer service, launching new products, securing corporate networks, and bolstering work efficiency, rather than traditional hard assets such as equipment and machinery. Various CFOs give real-world applications to the capital budgeting concepts. This article may assist you in your Capital Budgeting Practices in Real-Life Companies Case Study discussion forum and the Week 4 Connect Homework Problems assignment this week.

Chittenden, F., & Derregia, M. (2015). Uncertainty, irreversibility and the use of ‘rules of thumb’ in capital budgeting (Links to an external site.). The British Accounting Review, 47(3), 225–236. https://doi.org/10.1016/j.bar.2013.12.003

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. The article ties Chapters 12 and 13 in the course textbook together by surveying companies using the capital budgeting technique with the influence of uncertainties. The article looks at small and large companies, as well as different sectors to draw conclusions. This article may assist you in your Capital Budgeting Practices in Real-Life Companies Case Study discussion forum and the Week 4 Connect Homework Problems assignment this week.

Flammer, C. (2018, November). Green bonds benefit companies, investors, and the planet. Harvard Business Review, 1–5. Retrieved from https://hbr.org/

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article explores green financing and specifically green bonds. The article discusses companies that have issued green bonds and the financial success of these investments, as well as environmental benefits. This article may assist you with your Contemporary Global Finance Topics Paper assignment this week.

Hackett, R. (2017, September). Blockchain mania. Fortune, 176(3), 44–51. Retrieved from http://fortune.com/section/magazine/

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article discusses blockchain technology, from developing a new cryptocurrency to the logistical application in companies like Walmart. The article will familiarize you with this topic and its practical uses, and it may assist you with your Contemporary Global Finance Topics Paper assignment this week.

Karlan, D., Mann, R., Kendall, J., Pande, R., Suri, T., & Zinman, J. (2016, October). Making microfinance more effective. Harvard Business Review, 2–5. Retrieved from https://hbr.org/

· The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article reviews microfinancing and what specific services can help those with low incomes the most. The article suggests five effective tools that may be used and may assist you with your Contemporary Global Finance Topics Paper assignment this week.

Kharif, O., & Leising, M. (2018, November 2). How Blockchain works for Bitcoin. Retrieved from https://www.bloomberg.com/

· The full-text version of this article is available through the Credo Reference database in the Ashford University Library. This article explains how blockchain works for Bitcoin, and some diagrams further explain how transactions occur. This article may assist you with your Contemporary Global Finance Topics Paper assignment this week.

Robertson, B., Leising, M., & Tan, A. (2018, June 11). New crypto exchanges don’t want (to hold) your money. Retrieved from https://www.bloomberg.com/

· The full-text version of this article is available through the Credo Reference database in the Ashford University Library. This article provides information about cryptocurrencies. It compares the stock market and cryptocurrency, and risk and government oversight are discussed. The types of cryptocurrencies and volumes are also listed. This article may assist you with your Contemporary Global Finance Topics Paper assignment this week.

Multimedia

Asian Development Bank. (2015, June 30).  Did you know? Green bonds in 2 minutes (Links to an external site.) [Video file]. Retrieved from https://youtu.be/_wPnciVnRwo

· This video explains the basics of green financing and how new financial products are providing innovative ways to combat climate change. Green bonds give investors the opportunity to invest in activities that provide a steady return and help the planet simultaneously. This video will help you understand green financing and may assist you in your Contemporary Global Finance Topics assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

The Business Channel. (2016, October 2016).  Crowdfunding explained and crowdfunding tips from Indiegogo founder and chief development officer (Links to an external site.) [Video file]. Retrieved from https://youtu.be/V1ArOjOZuUo

· This video defines crowdfunding and provides a real-life company and experience, as explained by Indiegogo’s founder and chief development officer (CDO). This video will expand your knowledge on crowdfunding and may assist you in your Contemporary Global Finance Topics Paper assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

California Management Review. (2016, February 16).  The 4 types of crowdfunding (Links to an external site.) [Video file]. Retrieved from https://youtu.be/Vqvomrib6x0

· This video discusses a brief history of crowdfunding and its types. The video discusses the platforms that offer this type of financing and may assist you in your Contemporary Global Finance Topics Paper assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

Stanford Graduate School of Business. (2015, June 18).  Susan Athey: The economics of bitcoin & virtual currency (Links to an external site.) [Video file]. Retrieved from https://youtu.be/JhdM4_iRHyE

· This video explains how Bitcoin works and why digital currency might change how consumers and financial institutions do business. Susan Athey is the Economics of Technology professor at the Stanford Graduate School of Business. This video will help you understand Bitcoin and may assist you in your Contemporary Global Finance Topics Paper assignment this week. This video has closed captioning and a transcript. Accessibility Statement (Links to an external site.) Privacy Policy (Links to an external site.)

World Bank Treasury. (2018, November 27).  The world’s first green bond (Links to an external site.) [Video file]. Retrieved from https://youtu.be/i3gIJrABLSc

· This video discusses the first green bond issued ten years ago from the World Bank. Green bonds have become a strategic priority for the World Bank, as they support all sustainable development goals, which has turned into a $12 billion program. This video will help you understand green financing by giving a concrete example, and it may assist you in your Contemporary Global Finance Topics Paper assignment this week. This video has closed captioning and a transcript. Accessibility Statement

Instruction

Prior to beginning work on this discussion forum, read Chapters 12 and 13 in the Foundations of Financial Management textbook.

For this discussion forum,

· Discuss the different capital budgeting techniques covered in Chapter 12, incorporating how risk plays into the decision-making process from Chapter 13.

· Explain the pros and cons of each method and what type of company uses each method.

· Finally, find a real-life company that has made a capital budgeting decision and discuss the method used. If possible, try to select a company that a fellow student has not already selected.

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource in addition to the text.