Page 1 of 7 Assignment - Essay MAF702 Financial Markets Dear Student (of MAF702), As per the requirements of this unit, you will have to submit an Essay. I have given you a format to write your Essay....

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only the literature review and body part is to be done. the topic selected is crowdfunding. set 1 topic 2


Page 1 of 7 Assignment - Essay MAF702 Financial Markets Dear Student (of MAF702), As per the requirements of this unit, you will have to submit an Essay. I have given you a format to write your Essay. The will be assessed based on the strength of reasoning and not necessarily the argument or view held within the report. A detailed rubric shall be provided. All assignments must be submitted online to the CloudDeakin assignment drop box. Marks will be deducted for late assignments at a rate of 2 marks per day. Recommended outline of an Essay for MAF702 (Financial Markets) Your Essay should follow the format of having a Deakin cover page, letter of transmittal, table of contents, abstract, introduction, literature review, body of the essay, conclusion, references and appendix. Read over what typically goes in each section of the paper. Word limit The essay may be between 3,500-4,500 words, I am allowing a range of +/- 500 words from the required limit of 4000 words. Words used for abstract, introduction, literature review, body of the essay, conclusion and references should be counted for this limit. So you can exclude words used in Deakin cover page, letter of transmittal, table of contents, and appendix from the word count. Page 2 of 7 Cover page • Use the Deakin Assignment cover page supplied for this Unit, fill out the cover page correctly, you should not have any other separate cover page for your Essay Letter of transmittal • In Finance, a letter of transmittal is a type of cover letter that accompanies a document, such as a financial report or security certificate. • A Transmittal Letter is a business letter and is formatted accordingly, it should include the recipient's address, sender's address, distribution list, a salutation and closing. It typically includes why it should receive the reader's consideration, and what the reader should do with it. The transmittal letter provides the recipient with a specific context in which to place the larger document or certificate and simultaneously gives the sender a permanent record of having sent the material. Table of contents • Serial number of the topics, name of the topics, page numbers should be added Abstract • Abstracts allow readers who may be interested in a longer work to quickly decide whether it is worth their time to read it. • An abstract is not a review, nor does it evaluate the work being abstracted. While it contains key words found in the larger work, the abstract is an original document rather than an excerpted passage. I. Introduction The introduction should have some of the following elements: • Start with an attention grabber: a short story, example, statistic, or historical context that introduces the paper topic • Give an overview of any issues involved with the subject • Define of any key terminology need to understand the topic • Highlight background information on the topic needed to understand the direction of the paper The introduction must end with a statement (a 1 to 2 sentences in length): Tell what the overall paper will focus on. Briefly outline the main points in the paper (This is the objectives/research questions of your Essay. On an average, the number of objectives/research questions should be between three to five. Look for a Hook: What is interesting about this question? Hook your readers with an interesting fact that might make them curious about this topic and rest of the Essay). II. Literature Review Find five articles about your topic and list the relevant facts from each one. The identification of the relevant facts should be aligned with the objectives/research questions that you have mentioned at the end of the Introduction. Now you are going to present different authors findings: 1. According to (author/source)__________(date_______ ) the main idea about this subject is_______________________________________________________________ Page 3 of 7 _______________________________________________________________________ List facts from the source that support this idea 1. fact _________________________________________________________________ 2. fact _________________________________________________________________ 3. fact _________________________________________________________________ 4. fact _________________________________________________________________ 5. fact _________________________________________________________________ In conclusion _________________________ says _______________________________ ________________________________________________________________________ _______________________________________ about the topic. 2. Another idea, by (author/source)__________(date_______ ) is ___________________ _______________________________________________________________________ _______________________________________________________________________ List facts from the source that support this idea 1. fact _________________________________________________________________ 2. fact _________________________________________________________________ 3. fact _________________________________________________________________ 4. fact _________________________________________________________________ 5. fact _________________________________________________________________ The author identified that __________________________________________________ 3. A third writer, _______________(date_______ ) states that ______________________ _______________________________________________________________________ _______________________________________________________________________ 1. fact _________________________________________________________________ 2. fact _________________________________________________________________ 3. fact _________________________________________________________________ 4. fact _________________________________________________________________ 5. fact _________________________________________________________________ The author pinpointed _____________________________________________________ 4. A fourth source _______________(date_______ ) states that _____________________ _______________________________________________________________________ _______________________________________________________________________ 1. fact _________________________________________________________________ 2. fact _________________________________________________________________ Page 4 of 7 3. fact _________________________________________________________________ 4. fact _________________________________________________________________ 5. fact _________________________________________________________________ The author highlighted _________________________ _______________________________ 5. Finally from _______________(date_______ ) is that ____________________________ _______________________________________________________________________ _______________________________________________________________________ 1. fact _________________________________________________________________ 2. fact _________________________________________________________________ 3. fact _________________________________________________________________ 4. fact _________________________________________________________________ 5. fact _________________________________________________________________ The author concludes that _______________________________ Analysis of literature I found (how many) ____________ main idea/s about (name your topic) :________________ List main idea/s______________________________________________________________ Explain how the ideas are different or the same. This should give you better understanding about what you should present in the body of your Essay (next section). Establish a link (write a paragraph here) between the literatures that you have studies and the findings that you are going to present in the next section (Body) to answer your research questions (mentioned in Introduction) III. Body (you can give it a relevant name) • Here you should address all your objectives or answer all your research questions. It is the main part of your research. • Show your analysis of data to answer and support your findings • Clearly present the main points/findings of the paper • Give strong examples, details, and explanations to support each main points • In a research paper, use strong evidence from sources—paraphrases, summaries, and quotations that support the main points • You can attach a tables, charts, graphs, comparisons, or list of findings. IV. Conclusion • Restate your key issues in different words • Briefly summarize each main point found in the body of the paper (avoid going over 2 sentences for each point) • End with a strong clincher statement: an appropriate, meaningful final sentence that ties the whole point of the paper together (may refer back to the attention grabber/Hook) V. References • As a university level students you are expected to critically analyse all the relevant literature, and consider persuasive academic sources. This means that students should consult with Page 5 of 7 academic texts, books and journals in addition to newspaper articles. Using the primary text book from the unit is not sufficient. Students should clearly cite all sources, employing either accepted methodology for citations, but students must be consistent in their method. • Present the references in an alphabetic way. Use any method of referencing (e.g. Author, date or Harvard style or any other), but be consistent in using the same style for all of them. VI. Appendix An appendix contains information that is supplementary and not strictly necessary to the main body of the writing. An appendix may include a reference section for the reader, a summary of the raw data or extra details on the method behind the work. You may be required to write an appendix for school or you may decide to write an appendix for a personal project you are working on. You should start by collecting content for the appendix and by formatting the appendix properly. You should then polish the appendix so it is accessible, useful, and engaging for your reader. Additional Tips • Decide on the Essay and main points first • You do not need to start writing your paper with the introduction • Try writing the objectives/research questions first; then go back and figure out how to best introduce the literature review, body and conclude the paper • Use transitions between main points and between examples within the main points • Always keep your Essay topic in the forefront of your mind while writing; everything in your paper must point back to the objectives/research questions Assignment topic selection There are two sets of topics. Set -1 for students with Odd ID numbers, Set -2 for students with Even ID numbers. Both Set -1 and 2 have five topics each. If your ID is odd number, you will have to pick one of the five topics from Set-1. If your ID is even number, you will have to pick one of the five topics from Set-2. If you pick a wrong topic (e.g. you have Odd ID number but you have picked a topic from Set-2, vice versa, you will get zero in assignment irrespective of submitting a complete assignment. Page 6 of 7 Set-1: Assignment Topics for students with ODD ID number How to find out if you have an Odd or Even ID number Student ID 123658723 Odd ID number (if the last digit of your ID is odd number (1, 3, 5, 7 and 9) then you have an Odd student ID) Assignment Topic for ODD ID: 1 - Analyse the price movements of the Australian domestic property markets, focusing on residential property over the last 10 years. Respond to the claim that while record low interest rates and unemployment would typically have continued to fuel property prices, the limited availability of credit has more than offset demand resulting in significant property price declines across many of our capital cities. Note: Australia Real Estate Market Outlook could be one of the sources to collect information on this topic, you will have to make additional research to get more information. Assignment Topic for ODD ID: 2 - Analyse the performance of crowdfunding as a policy.
Answered Same DayApr 30, 2021MAF702Deakin University

Answer To: Page 1 of 7 Assignment - Essay MAF702 Financial Markets Dear Student (of MAF702), As per the...

Preeta answered on May 05 2021
152 Votes
INTRODUCTION:
Recently famous Australian company, Outland Denim announced that it will be raising fund by using Australian crowd-funding platform ‘Birchall’ (Warren 2020). It appealed to not only private investors but also to the customers to own a part of the brand by investing as little amount as $250. Crowd-funding has become an extremely popular source of capital in the recent time. So what actually crowd-funding is.
Crowd-funding is a way to raise fund by taking small amount of capital from a large number of people. Internet is being used to reach such vast number of people mainly social media and crowd-funding websites (Belleflamme, Lamber
t and Schwienbacher 2014). With the growing digitalization and increase in the use of internet by people, raising funds using internet is also becoming very popular. In some of the jurisdictions, there are restrictions regarding the person who can contribute in a new business and the amount which can be contributed.
There are several benefits of crowd funding (Agrawal, Catalini and Goldfarb 2014) like equity is not being given to the investors and so there is no divulgence of control to financial institutions and investment companies; a market is also built since generally appeal for crowd-funding is made to a certain group which can be potential customers for the company later; the market response towards the company and its products can also be checked; a lot of money can raised using this way of funding.
But there are also some issues with crowd-funding (Agrawal, Catalini and Goldfarb 2014) like some time it might seen to be hard to find investors even after posting on a crowd-funding website; to raise money using crowd-funding proper promotional campaign is necessary since without enough promotion, mainly the start ups will not experience any success; budget need to rightfully allocated while preparing for crowd-funding since sometime company does not spend enough on cost of goods sold and logistics which lead to failure of crowd-funding.
Crowd-funding is becoming a popular tool for raising funds. But the focus of this paper is to analyze the performance of crowd-funding and its success as a policy to raise funds by small and medium sized enterprises as well as new start ups.
LITERATURE REVIEW:
For the discussions, the journals, articles and books from the past scholars and scholars have been chosen. Crowd-funding is a relatively new topic and so the timeline of the research materials have been restricted from 2010 to current time.
Cho, Park and Sung (2019), conducted a research in South Korea to find out the difference which arise in the performance of the firm and the growth of the employees based on the success and fail of raising capital using equity based crowd-funding. The writers were of the opinion that crowd-funding is a good way to raise fund both from the perspective of the investors as well as for the companies since company holds the control and the investors has to born low amount of risk as the risk is distributed between the large number of people investing in the crowd-fund, publishing of report on start-up companies by analysts will be helpful for the investors and will provide them with enough information to take investment decisions. Evaluation of the companies which are participating in crowd-funding using the process of due diligence will improve transparency in the whole process. The facts concluded from the research are: based on the descriptive statistics, the companies which were successful in crowd funding had higher rate of growth in sale, profit and survival compared to the companies with failed crowd-funding; although difference analysis failed to prove the above mentioned fact yet it can be considered that there is some effect; the rate of growth in employment as well as absolute employment growth was significantly high for the companies with successful crowd-funding compared to failed companies in crowd-funding based on all the analysis; mostly the small and medium sized firms and start-up companies were using such way of funding.
Zeco, Propfe and Feltmate (2014), in their research explored the possibility of crowd-funding being used by small and medium sized enterprises as a way to raise fund and if that will be helpful for such enterprises. The researchers concluded that crowd-fund will helps the small and medium sized enterprises and so such organizations should take initiative for that but the success of crowd-funding highly depend on the social networking and a strong presence on social media. If the company becomes successful in building a large network then even small amounts collected from large number of people will help to raise a huge amount of fund otherwise if only a few individuals provide towards fund then crowd-funding will not be successful for the company. The service or product which is being initiated for the crowd-funding must be of high quality and easily marketable to attract the general public and the company should be able to market it at a large scale. The research also concluded that success of crowd-funding may vary for different market based on geographical location. Example of Canada was provided where crowd-funding is still at infancy and not suitable to raise fund for the small and medium sized enterprises. So, to ensure the success of the crowd-funding, the companies need to plan the whole campaign properly using effective marketing technique to aware a large number of people regarding the product or service being offered so that they become interested and contribute their fund for the company.
Mollick (2014), conducted a research on crowd-funding and the factors which decide the success and failure of crowd-funding for a particular company. The writer concluded that with the use of crowd-funding either the projects are successful with a slight margin or are unsuccessful with large margins. The research was conducted on 471 successful projects from the website Kickstarter. The writer was of the opinion that social capital and the quality of the project highly plays a role in determining the success of crowd-funding. The time allotted for fundraise should also be long to give the investors enough time to decide and then contribute. Geographical location is also an important factor in determining the success of crowd-funding since the city where the company is based is about to contribute more to the fund rather than any other city since the investors feel safe if the company is at their locality. Although the concept of...
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