Informatiebrochure Risk IFP 2014

Research in Peru

IFP April 2014

The Destination

The Program

What do we offer?

Financial Study Association Groningen

Main Partners Risk

International Financial Program

2Risk International Financial Program 2014

About Financial Study Association Risk

Risk is thé study association for Accountancy, Controlling, Finance, and the financially

interested student at the University of Groningen. Risk has set itself the goal to close the gap

that exists between theory and practise in the areas of Finance, Accountancy & Controlling,

Organizational & Management Control, and International Financial Management. Risk

organises activities for students at the Faculty of Economics and Business of the University of

Groningen. Besides that Risk is one of the associations that is part of the Financial Association

of the Netherlands (FAN).

Study association Risk was founded 23 years ago. Ever since, the association has grown to

one of the most professional study associations of The Netherlands with more than 1000

members. There are around 80 active members, who organize a range of different activities.

This gives students the opportunity to develop themselves alongside their study program.

International Financial Program

The International Financial Program (IFP) is an initiative of financial study association Risk.

The IFP is a research trip for financially interested students whom would like to broaden

their horizon. It is a multidimensional project in which students will enhance themselves

professionally by conducting research for (Dutch) companies. The program has been

established in 2006 and has proven to be a great experience for students and a great success

for companies. Previous destinations of the IFP include Argentina, Brazil, Malaysia, Mexico,

Panama & Costa Rica.

IFP’s destination for 2014 will be Peru. In April 2014 21 selected students will travel to Peru

to start with the field research.


Our destination: Peru

Peru is a rising economy located at the pacific side of South America. Since 2002 the GDP of

Peru has grown by an average of 6.4% per year. Furthermore, its monetary unit, the Peruvian

Sol, has been relatively stable over time. Inflation has been stable and low as well, especially

compared to other South-American countries. For 2013 the inflation rate is predicted to be

below 3%. Its stable economy and high economic growth makes Peru an interesting country

to invest in.

Nowadays the government of Peru is actively working to appeal more foreign investments.

Last March a trade agreement with the European Union was concluded. Other countries

already preceded in concluding trade agreements with Peru, including the USA. Furthermore,

the Peruvian government is investing in the infrastructure and harbors of the country to

become more accessible.

Peru is also attractive in terms of resources. For example, the country is rich in raw materials,

such as copper, zinc and tin. All this together ranks Peru the nr. 4 emerging market in the

world according to Bloomberg.

Some examples of interesting sectors in Peru:

- Mining - Energy (electricity, oil and gas)

- Maritime sector - Infrastructure (seaports, logistics)

- Tourism - Raw Materials

- Agriculture - Building and Construction


IFP Outline

The International Financial Program has a unique setup in which students conduct research

but also participate in the preparation of the trip. Therefore students are recruited in an early

stage and are part of research groups as well as subcommittees. This setup is visualized in

the organizational chart below.

Preparation PhaseThe preperation phase starts in September. From this moment on the students are actively

involved in the project. During this period the students are provided with the necessary skills

and knowledge, including a Spanish language training, that will enable them to successfully

perform the fi eld research. This will be done during lectures and workshops given by guest

speakers and a training which will be given by a consultancy fi rm.

Desk Phase In January the research groups will start with their individual research assignment. From this

phase on the students cooperate with two professors from the University of Groningen in order

to saveguard the quality of the research. For over three months the students are now highly

intensive engaged in the research and will, in corporation with the companies, setup a research

framework and determine the contents of the research.

Risk International Financial Program

Board

Financial Study Association Risk

Board

Subcommittees Research Groups

Supervisory Board

Supervising Professors


Field research PhaseOn the 12th of April we will leave for our destination: Peru. This phase of two and a half weeks

will be marked by conducting research, which will mainly consist of visiting companies, taking

interviews and gathering information. During the two and a half weeks of field research the

students will be supported by the two professors who will also travel to Peru.

Reporting PhaseAfter returning from Peru the research groups will process the information gathered so far

and write a report covering the research question. In July the students will present the final

version of the research to the assigned company.


What we offer

The International Financial Program (IFP) selects 21 adequate students who have made

substantial progress in their studies. They have been selected by strict criteria after which

only the most motivated students remain. These motivated students form the basis of the

research project. Two academic professors will guide the students throughout the entire

process to ensure academic standards and function as a cornerstone to assure high quality

research. The IFP provides the company a unique opportunity to work together with selected

students, have many contact moments with them and obtain a high quality research that

broadens the horizon of the organization. All these beneficial aspects of the research will be

obtained only at cost.

The students participating in the program are students that have affinity in the field of finance

and accounting. Areas for research are numerous and largely depend on the needs and wishes

expressed by the company. In the initial phase participants will come up with suggestions

for research or work out ideas proposed by the company. Examples of subjects examined in

previous years are: microcredit, business development, risk analysis, investment analysis and

conducting audits.

Over the years the IFP has conducted research for:

- Deloitte - FOM

- Sara Lee - Rabobank

- KPMG - SOMO

- Dutch Ministry of Economic Affairs - Corus

- TNT - SNS

- PwC - TelePlan

- TomTom - CitizenM


Topics that were covered in former researches:

- The fiscal climate in Panama

- General market and investment research

- The expansion of the Panama Canal & banking climate

- Working conditions in Mexico

Why choose for the IFP?· Tailor-made, professional research at cost price

· Investigations in an objective manner

· Three months of intensive preparation in the Netherlands

· Quality of the project ensured by two supervising professors

· 21 top quality selected senior students with diverse academic backgrounds

· Opportunities to make valuable contacts with senior students

· Apart from the direct participants of the IFP, Risk gathers a large amount of financially

talented students that will be exposed to your company

Next to our research we can also offer an Inhouse Day at your company. If desired, one of our

external relations managers will be delighted to elaborate the possibilities for research or an

inhouse day. Please do not hesitate to contact one of our external relations managers

Tim Fierkens (+31 (0)6 218 49 549)

Soeren Munke (+31 (0)6 349 57 056)

Leon Piening (+31 (0)6 464 75 285)


Participating StudentsAll participants are students of the Faculty of Economics and Business and subjected to strict

selection criteria. Only students that have made substantial progress in their studies are

eligible for this program. They primarily are in the final phase of their Bachelor studies, or are

Master students. Preferably, all students follow a financially oriented study.

Alexander Osinga Alizee Mulders Danielle Valk Dion de VreugdBSc Econometrics MSc Marketing MSc Organizational & MSc International and Operations Research Management Control Financial Management

Koen Oudehand Leonie Helvert Lodewijk van Dooren Mack FergusonMSc International Economics BSc International Business MSc Organizational & MSc Internationaland Business Management Control Economics and Business

Elvira Veijer Eveline Loozen Gelein Huiskes Johannes AndriessenMSc Finance and BSc Business Economics MSc Finance and BSc TechnologyMSc IFM MSc Economics Management

Marieke de Jong Nico Lerch Rick Meijer Steven MousBSc Technology BSc International Business MSc Finance BSc EconomicsManagement


Risk International Financial Program Board 2014

F.l.t.r. :

Evert-Jan BaasPR & LogisticsBSc Business Economics Tim FierkensVice-Chairman and External RelationsMSc Finance

Akkelyn TabakChairman MSc Finance

Soeren MunkeExternal Relations and TreasurerMSc Strategic Innovation Management

Leon PieningExternal Relations MSc Finance and MSc International Financial Management


Board of Recommendation

Dhr. P. Zwetsloot

Unitmanager Emerging and Distant Market of the Department for International Business

at Ministry of Economic Affairs

Dhr. M. Elamparuthi

Business Developer at VTTI

Prof. Dr. D.M. Swagerman

Professor at the University of Groningen

Dhr. W. de Boer

Ambassador Panama

Prof. Dr. D. De Waard

Former Partner Ernst & Young Accountants

Andy Marchant

Product Line Manager at TomTom


Academic Supervisors Prof. Dr. D.A. (Dick) de Waard

Prof. de Waard was a partner at Ernst & Young accountants from 1997

until the 1st of January of 2013, where he worked since 1977. In 1998 he

became president of Ernst & Young Cleantech and Sustainability Services

of Belgium and The Netherlands. Since 1992 he has been connected

to the University of Groningen in the field of Accountancy, where he

currently works as the president of Accountancy and the section Auditing.

As of this year he is an independent advisor, besides his function at the

university, in the field of sustainability and the reporting of sustainability.

Further, Prof. de Waard participates in a consulation platform about

‘integrated reporting’.

Dr. Killian J. McCarthy

Mr. McCarthy is an Assistant Professor at the University of Groningen. He

gained a PhD in the economics of corporate strategy at the University

of Groningen, and wrote papers about mergers and acquisitions. His

primary research interests include business and industrial organization

and strategy. He has also published on the topics of corporate tax

competition, money laundering and criminal finance, as well as the

influence of media power on both consumer and business sentiment.

Killian holds a first-class bachelor’s degree in business from University

College Cork, Ireland, which he earned with a double-major in economics

and law, a Bachelor of Laws, which he read for at the University of

London, UK, and two ‘cum laude’ master’s degrees in economics, which

he earned at the School of Economics at the University of Utrecht, the

Netherlands and the University of Vienna, Austria.

Pe

ru

Main Partners Risk

Tel: +31 (0)50-363 73 06

E-mail: [email protected]

Website: www.riskifp.nl

Financial Study Association Risk

Nettelbosje 2

5414.0040

9747 AD Groningen

The Netherlands

Documents

Informatiebrochure Risk IFP 2014