20265 - INTERNATIONAL CORPORATE FINANCE
Department of Finance
Course taught in English
Go to class group/s: 31
CLMG (6 credits - I sem. - OP | SECS-P/09) - M (6 credits - I sem. - OP | SECS-P/09) - IM (6 credits - I sem. - OP | 12 credits SECS-P/09) - MM (6 credits - I sem. - OP | SECS-P/09) - AFC (6 credits - I sem. - OP | SECS-P/09) - CLELI (6 credits - I sem. - OP | SECS-P/09) - ACME (6 credits - I sem. - OP | SECS-P/09) - DES-ESS (6 credits - I sem. - OP | SECS-P/09) - EMIT (6 credits - I sem. - OP | SECS-P/09) - GIO (6 credits - I sem. - OP | SECS-P/09) - DSBA (6 credits - I sem. - OP | SECS-P/09) - PPA (6 credits - I sem. - OP | SECS-P/09) - FIN (6 credits - I sem. - OP | SECS-P/09) - AI (6 credits - I sem. - OP | SECS-P/09)
Course Director:
CARLO MARIA PINARDI
CARLO MARIA PINARDI
Suggested background knowledge
The course is designed to provide students with an introduction to international corporate finance.
Mission & Content Summary
MISSION
Students will learn about global financial markets and institutions, the foreign exchange market, international parity relationships, managing risk in international finance, and making investment and financing decisions in an international environment. The emphasis is on the economic and financial principles of international financial management, as well as its institutional features. These financial principles and institutional features are both relevant and useful for business professionals who operate in an increasingly competitive and global economy. Given the nature of the topics covered and the assigned work, this course has significant analytical and quantitative components throughout.
CONTENT SUMMARY
The program is based on 24 class meetings, some of which may be moderated by external industry visitor speakers. The following topics will be covered:
- Foundations of the international financial management – objectives, role, players, and corporate governance
- The foreign exchange market, exchange rates determination, international parity relationships and using derivatives to manage FX risk
- Management of transaction, economic and translation exposures
- Raising funds in the international bond and equity markets
- Investment and financing decisions in an international environment
- International portfolio investments
- Multinational tax management
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
Students will be able to make informed investment and financial decisions in a global setting and use the tools required to manage international finance risk:
- Deal with exchange rates.
- Distinguish and manage risk in international finance.
- Recognize the investment and financial issues faced by managers in a global setting.
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
Use the tools required to manage international finance risk and make informed investment and financial decisions in a global setting.
Teaching methods
- Lectures
- Guest speaker's talks (in class or in distance)
- Practical Exercises
- Individual works / Assignments
- Collaborative Works / Assignments
- Interaction/Gamification
DETAILS
- Several exercise sessions are organized to ensure that students are able to apply the concepts disussed.
- Case studes discussed with external industry visitor speakers are used to link theory with practice.
- Students are asked to submit individual assignments as a way to assertain their participation in the course.
Assessment methods
| Continuous assessment | Partial exams | General exam | |
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x | x | |
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x |
ATTENDING STUDENTS
Attending students may opt for taking two partial exams (instead of the cumulative course exam. The first exam will be administered at the end of the first part of the semester and the second – at the end of the semester. Both exams will have the same structure as outlined above. A passing grade is required in both exams. If a student fails, scores a low grade, or misses the first optional partial exam (but has completed all work required for attending students) they may choose to take the cumulative final exam, which will be administered on the same date as the second partial exam. If an attending student opts to take the cumulative exam, their extra credit points (up to 3 points, based on grades from quizzes and cases) will be added to their final exam grade.
After the first exam session in January, there will be no differentiation between attending and non-attending students (i.e. only students that take the final exam during the first exam session will be able to take advantage of the extra credit earned), and all subsequent exams will be based exclusively on the entire course material as indicated in the Course Outline.
NOT ATTENDING STUDENTS
Non-attending students take a cumulative final exam. The exam is based on all textbook chapters (and pertaining exercises) listed in the syllabus (under the Course Outline). The exam is written and includes a combination of multiple-choice questions, open-ended essay questions, and problems and tests students using problems and multiple choice questions on their knowledge of and ability to apply the tools required to manage international finance risk as well as making financial and investment decisions in an international business environment. Non-attending students cannot earn extra credit.
Teaching materials
ATTENDING STUDENTS
C. Eun, B. Resnick, International Financial Management, Tenth Edition, McGraw-Hill, 2023
For purchase options please visit:
Real-world, up-to-date case studies will be discussed in class, often with top executives of the companies involved.
NOT ATTENDING STUDENTS
C. Eun, B. Resnick, T. Chuluum International Financial Management, Tenth Edition, McGraw-Hill, 2023
For purchase options please visit:
Last change 27/05/2024 11:16