Course 2015-2016 a.y.

20265 - INTERNATIONAL CORPORATE FINANCE


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT

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  |  SECS-P/09) - MM (6 credits - I sem. - OP  |  SECS-P/09) - AFC (6 credits - I sem. - OP  |  SECS-P/09) - CLAPI (6 credits - I sem. - OP  |  SECS-P/09) - CLEFIN-FINANCE (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)
Course Director:
CARLO MARIA PINARDI

Classes: 31 (I sem.)
Instructors:
Class 31: CARLO MARIA PINARDI



Course Objectives

The course covers the topics of corporate finance widening the perspective to internationally oriented firms. International trade and monetary systems, global financial markets, institutions and corporate governance, balance of payments and parity conditions, assessment and management of currency, financial and political risk are examined in the first part of the course. Then the course focuses on the access to international equity and debt markets, and their instruments, global cost of capital, direct investments, cross border acquisitions and fiscal issues. Students will enjoy the knowledge of international corporate finance problems and how to cope with them. A crucial part is the discussion of real case studies, often examined with top managers professionally involved in the case.

Course Content Summary

  • Global Financial Markets and International monetary system.
  • Equilibrium conditions of currency market.
  • Management of currency risk and hedging tools.
  • Assessment and management of political risk.
  • Funding options in international markets of debt and equity.
  • Equity and debt financing for Small Businesses with International scope.
  • Foreign direct investments.
  • International portfolio theory and diversification.
  • Cross border M&A, private equity.
  • International tax issues.

Detailed Description of Assessment Methods

For attending students:
They are graded on class participation and assignments in groups and a final written exam.
For non attending students:
They are graded on a written exam based on the textbook only.

Textbooks

  • C.S. EUN, B.G. RESNICK, International Finance, McGraw-Hill International, 2014, 7th Global Edition (all chapters but 18, 19 20).
  • The textbook is integrated with additional teaching material and Case Studies handed out to students during classes.
Exam textbooks & Online Articles (check availability at the Library)
Last change 30/04/2015 14:49