] UNISA Sno MBL93EV OCTOBER/NOVEMBER 2015 ADVANCED FINANCIAL MANAGEMENT ‘STUDENT NUMBER, IDENTITY NUMBER. ‘Subject Number of paper Date of examination Examination centre WARNING 1A canddate who watt aatonsaton takes to the examination ven ery tock, docament or bert ike could ast hm the ‘esmunahn, and does ot hana ever such mata he pinto belo ns ie coromancemer oe exansbon, at Be gly ‘ging t's Unveriys xamnatonfogushons and wil be babe punished as deer by Councs 2 Rough woct may be done nlc the examination qusston par and must be labelled ae Such 2 Nonolas maybe made on ay att the Body suchas the tance x onary garment 4 Te pagatpaper tho repay of ho Unweraty and under no ereumatances may tho canddatsrtan oko x of th exsmincton NB PLEASE COMPLETE THE ATTENDANCE REGISTER ON THE BACK PAGE, TEAR OFF AND HAND TO THEINVIGHLATORUNIVERSITY EXAMINATIONS. UNIVERSITEITSEKSAMENS nis MBL93EV October/November 2015 ADVANCED FINANCIAL MANAGEMENT Duration 4 Hours 4100 Marks EXAMINERS FiRst PROF JW KRUGER SECOND PROF HM VAN DER POLL Uso of a non programmable pocket calculator 1s permissible Open book examination Study material permissible n examination room ‘This examination question paper remains the property of the University of South fica and may not be removed trom the examination venue : ‘This examination question paper consists of three (3) pages: ‘This 18 an OPEN-BOOK examination [a sam | INSTRUCTIONS TO CANDIDATE: + Answer ALL the questions ‘Please use the examination answer book supplied THIS EXAMINATION PAPER MUST BE RETURNED WITH THE EXAMINATION SCRIPT. (Turn over}MBLOQEV COCTOBERNOVEMBER 2015, Question 1 (20 Marks) Choose any topic within the field of Financial Management in which you believe developments resulted because of research in that specific area which impacted on business in general Discuss the above mentioned topic or area in detail with specific references to the research matenal and its impact on business. Question 2 (4x20 marks) Critique each of the following articles as though you are a reviewer for the journal based on the following entena - state whether you would accept the article on this enterion Also, comment on how ‘well the article fares, on each entenon + Onginality + How orginal ts the topic covered in the article? Is there anything new that has not yet been published before? + Significance + How significant 1s the article to the industry / community? Would anyone get any value out of reading the article + Technical quality + How sophisticated 's the content of the article? Is the information communicated in an understandable manner without insulting the inteligence of the intended audience? + Relevance + How relevant is the article to the conference / journal? How does tt fit nto the theme of the conference / journal? + Presentation + How good 1s the quality of the article (layout, graphs, diagrams etc)? Are chagrams readable and do they contnbute towards understanding the content ofthe artic? + What adh would you give the author to improve the article? Clearly state what future research you would recommend for another article. [TURN over}MBLOSEV OCTOBERMOVEMBER 2015, ‘The articles that you have to discuss are: Hong, Y. Ln, H& Wu, C 2012 Are corporate bond market returns predictable? 2012 Journal of Banking & Finance 36 2216-2232 Ahern KR and Sosyura D 2014 Who wntes the news? Corporate press releases dunng merger negotiations, The Journal of Fmance 69(1) 241-291 Foran, J, Hutchinson, MC, O'Sullivan, N. 2014 The asset preing effects of UK market iquicty shocks Evidence from tick data, International review of Financial analysis 32 85-04 ‘Smustad , R & Pustylnick | 2012 Hedging, hedge accounting and speculation evidence from Canachan oil and gas companies, Global Journal of Business Research 6(3) 49-62 ° vunisa 2015