Finance professionals advise organizations regarding activities like financial planning, saving, borrowing, budgeting, investing, and forecasting which is based on history and relevance to business (Vernimmen et al., 2022). International businesses or multinational corporations (MNCs) operate in more than one national market. Such businesses employ various strategies to succeed and/or make a difference in the lives of people in the countries where they operate. The implementation of such strategies requires financing. Financial performance evaluation is necessary to evaluate the financial effects of such strategies (Vernimmen et al., 2022).
Finance & International Markets
Breuer and Ruiz de Vargas (2021), international financial management regards investing and financing decisions that face MNCs due to their international business activities. International financial management has been going on for as long as businesses have been operating in the international market. International businesses have had to ensure prudent management of their financial resources to maximize profitability and grow their investments (Breuer & Ruiz de Vargas, 2021). International financial management is of great importance today. Today’s international business environment is quite complex and this is reflected on history and relevance to business needs. International businesses today have to deal with different international financial institutions in the course of their operations (Breuer & Ruiz de Vargas, 2021). Today’s MNCs also adopt and execute complex strategies to succeed in the increasingly competitive international business environment. Such complex strategies must be evaluated to determine their effects on MNCs’ performance.
Interest Similarities and the Media Piece
There is one similarity between my research interest and those discussed in the media piece. The similarity is my interests and those discussed in the piece focus on financial performance (Walden University, n.d.). While pursuing his doctoral degree, Dr. Sean Stanley’s research interest was social responsibility and the financial performance of companies (Walden University, n.d.). I, too, would like to study the financial performance of companies vis-à-vis different strategies. The slight difference is that I aim to focus specifically on international companies.
Business-Related Problems
There are several business-related problems related to my selected topic. One such problem is the effects of national culture on international financial management practices among multinational corporations. Another problem is the effects of social responsibility programs on multinational corporations’ financial performance.
Required Data and Data Collection
The problem regarding social responsibility programs and multinational corporations’ financial performance would be fascinating to study. Based on history and relevance to business, the type of data I would need to research the particular problem is the financial performance data of MNCs engaged in social responsibility and those not engaged in the same. I would then conduct correlational analyses to evaluate if social responsibility was related to MNCs’ financial performance. I might collect data for the study by downloading publicly available MNCs’ financial performance reports. Another way was recruiting different MNCs for the study and requesting the financial managers of recruited firms to provide me with such data.
References
Breuer, W., & Ruiz de Vargas, S. (2021). Some key developments in international financial management. Journal of Business Economics, 91(5), 595-615. https://doi.org/10.1007/s11573-021-01039-8
Vernimmen, P., Quiry, P., & Le Fur, Y. (2022). Corporate finance: theory and practice. John Wiley & Sons.
Walden University. (n.d.). Choosing Your Doctoral Topic: Program Transcript.
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Despite having general areas of academic interest, many doctoral independent scholars find choosing a specific topic for their research study a challenge. In addition to making an academic contribution, your work will address a real-world business problem and have the potential to impact the daily practices of the business community. Writing and researching a Doctoral Study is an opportunity for you to explore a topic of interest, identify a problem, and express your viewpoint and perspective as your ideas evolve by way of you learning more about the topic and about your own questions and hypotheses.
Your past professional experience can be a valuable source for identifying a research topic during the initial stages of your search. You should also review the literature on topics of interest. Finding a practical business problem, for which your in-depth academic research efforts may help you uncover possible solutions, is a critical first step in a successful doctoral process.
To prepare for this Assignment, review the media piece “Choosing Your Doctoral Topic.” Consider a topic you might be interested in studying and a potential question for future research. Note: This is not the time to talk about the specifics of your Doctoral Study but rather to describe generally your topic of interest and why you have chosen it. This will acquaint the reader (or listener) with your study topic. Also keep in mind that many early doctoral independent scholars tend to focus on solutions. Instead, focus on clearly articulating a known business-related problem and not a social problem. Submit a 2- to 3-page paper (excluding cover and References pages) in which you formulate one or more business problems on your chosen topic. In your paper, do the following:
- Provide an overview of the topic you are interested in studying, including the context and your rationale for selecting your topic.
- Delineate a brief history of this area of study and the relevancy of this topic in today’s business world.
- Identify any similarities between your interests and those discussed in the media piece “Choosing Your Doctoral Topic.”
- Devise one or more business-related problems related to your chosen topic.
- Speculate what type of data you might need to research one of these business-related problems and how you might go about collecting that data.
Be sure to use the APA Course Paper Template to complete this Assignment. For each page of your paper, you must include a minimum of two APA-formatted scholarly citations.
Requirements: 500
