International Corporate Finance
The subject is lectured in these programmes:
International Corporate Finance |
| Dr. Jonathan Hochberg |
| WHAT DO STUDENTS GAIN FROM THE STUDY AND FROM COMPLETING THIS SUBJECT |
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Studying this subject will give you knowledge and insights on corporate financial management issues faced by managers operating in the global financial markets. Foreign operations and international financing possibilities entail additional opportunities, risks, and complexities that must be understood by both financial and strategic managers. The purpose of this course is to analyze the critical factors, risks, and decisions that relate to both the short-term and long-term financial position of the firm in an internationalized setting and discuss strategies for dealing with these added complexities. Studying this subject will mainly give you an opportunity to continuously consult your lecturer, an expert on the topic, about real problems, practical cases and situations, and to design a solution to these problems in the form of practically oriented case study (essay) elaborated under the lecturer’s guidance. As the consultations are not held in groups but only between you and the lecturer, you can consult also sensitive company issues, including specific data etc., without any worries about sharing this information with other students. The output from this subject is thus a valuable document that can be immediately used in your own company or job, providing high value-added thanks to one-to-one consultations with an expert. |
| EXAMPLES OF FIELDS AND TOPICS TO BE CONSULTED WITH THE LECTURER |
| Field 1 - The International Monetary System |
| Field 2 - Foreign Exchange (FX) Markets |
| Field 3 - FX Exposure and Management |
| Field 4 - Financing the Global Firm |
| Field 5 - International Investment Decisions |
| Field 6 - Managing Global Financial Crises and Thesis |
| More topics within the lecturer’s area of competence can be agreed upon |
| COMPLETION OF THE SUBJECT |
| In order to complete the subject, students elaborates an essay in which they address a specific topic from their practice related to the given subject, or one of the model topics prepared by the lecturer (see below). The essay should contain 7-10 pages in the A4 format, comprising at least 8 standard pages of text. The evaluation of the essay is done by the lecturer and expressed in percentage 50% and more means that the student has completed the subject successfully. |
| MODEL TOPICS FOR THE ESSAY |
| The assignment for the course is a full international business plan for entry into another country. The plan should include an executive summary and International Business Plan and Entry Strategy |
| 1. Business Goals: Products or Services to be sold, target Sales and Budget, Timeline etc. |
| 2. Market Research: Market Size, Competition Analysis etc. |
| 3. Entry Mode: Partners, Distributors, Own Entity etc. |
| 4. Financing & Insurance. |
| 5. Strategy Document. |
| 6. Political, economic and commercial risk analysis. |
| 7. Financial projections. |
| STUDY LITERATURE AND OTHER RESOURCES : |
| Supporting study materials elaborated by the lecturer (available online in the study system) |
| E-books available online: |
| Multinational Business Finance (Pearson Series in Finance) 15th ed. by David Eiteman, Arthur |
| Other study literature (Authors: Name, Publisher, Year of publishing, ISBN): |
| International Finance: Theory and Policy, Global Edition by Paul R. Krugman, Maurice Obstfeld, et |
| Other useful resources (videos, online professional groups, blogs, discussions etc.): |
| https://www.dfc.gov/ |
| https://www.imf.org/en/Home |
| https://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home |