2023 CFA RESEARCH CHALLENGE

Abstract

The CFA Research Challenge is an annual global competition for university students in finance, accounting, and business. The competition aims to provide students with real-world experience in equity analysis and financial modeling, as well as to encourage the development of soft skills such as teamwork, communication, and presentation skills. Each participating university forms a team of three to five students who conduct original research and analysis on a publicly traded company. The students then prepare a detailed written report and present their findings to a panel of judges. The winning team from each local competition advances to the regional and global finals. The criterion for the written report includes an analysis of the company's industry and competitive positioning, financial analysis, valuation analysis, and investment recommendation. The report should also include an executive summary, a conclusion, and a list of references. The research required for the report includes the analysis of financial statements, industry reports, and news articles.