MAN-BCU2039
Multinational Finance
Cursus informatieRooster
CursusMAN-BCU2039
Studiepunten (ECTS)6
Categorie-
VoertaalEngels
Aangeboden doorRadboud Universiteit; Faculteit der Managementwetenschappen; Bachelor Economie en Bedrijfseconomie;
Docenten
VorigeVolgende 1
Docent
dr. A.G. Kopányi-Peuker
Overige cursussen docent
Examinator
dr. S. Nolte
Overige cursussen docent
Coördinator
dr. S. Nolte
Overige cursussen docent
Contactpersoon van de cursus
dr. S. Nolte
Overige cursussen docent
Docent
dr. S. Nolte
Overige cursussen docent
Collegejaar2022
Periode
4  (03-04-2023 t/m 02-07-2023)
Aanvangsblok
4
Onderwijsvorm
voltijd
Opmerking-
Inschrijven via OSIRISJa
Inschrijven voor bijvakkersJa
VoorinschrijvingNee
WachtlijstNee
Plaatsingsprocedure-
Cursusdoelen
After completing the course Multinational Finance the student is able to:
  • understand and identify the nature of the complex global environment that multinational companies face
  • apply instruments to minimize the multinational’s international exposure (in particular transaction exposure, economic exposure, and translation exposure)
  • identify and describe ethical issues evolving from global markets
Inhoud
This course aims to provide a foundation for students' encounter with the subject of Multinational Finance (henceforth MF). Nowadays, corporations must not only be properly managed to apply their comparative advantages in home markets, but major multinational corporations (MNCs) like The Coca-Cola Company and Tesla Motors operate in diverse international markets, with each market having their own currencies, “local” interest rates and “local” risk. Hence, participating in the global market creates financial exposures derived from, for example, exchange rate risk, liquidity risk or country risk. Contemporary MNCs that are able to respond to changes in the global environment will be rewarded. This also applies to today's students who become the future MNC managers (and/or shareholders?).
In light of these contemporary international settings and risks, this course will first explore the international environment in which existing multinational corporations find themselves. We focus primarily on the triangular nexus of exchange rate markets, capital/money markets and the multinational corporations themselves. In turn, the second part of the course delves deeper into the exchange rate markets, via an exploration of currency derivatives, currency risk management and fundamental economic theory.
Later parts focus on the interconnected concepts of asset and liability management. First we discuss the long-term aspects of capital funding and investment risk, e.g. country risk modelling techniques and equity financing. Later, we also discuss the shorter-term aspect of asset and liability management via addressing e.g. money market financing methods and optimization of cash flows.
The course MF combines a strong foundation in international finance along with practical applications. In addition, we offer a range of in-class nudging techniques that will help to achieve the learning outcomes at the end of the course, and, which will help you to make better financial decisions in your (future) Multinational job and in private life.
 
Niveau

Voorkennis
This is a 2nd year course. It builds upon earlier courses in the curriculum. The course Corporate Finance considered financial matters of firms in general, the course International Economics provided basic knowledge about the international economic environment, and the course Investment Management considered financial instruments and portfolio theory. In concrete terms, the course Multinational Finance builds upon certain topics from International Economics (Balance of Payments, Parities, and Exchange Rate Regimes and the International Monetary System), upon various lectures from Investment Management on asset pricing (e.g. CAPM) and derivatives, and upon various lectures from Corporate Finance on investment criteria, cost of capital, capital structure, and risk management. Knowledge of the basic concepts from these courses - which are also relevant for Multinational Finance - is assumed. The mathematics will be basic, but some analytical and numerical examples including optimisation problems, and basic probability should be expected. In addition, you should know how to use a pocket calculator (and bring it to class). Finally, the lecturer will use Brightspace (Assignments, Discussion Forum, Groups, Grade Center, Announcements, Course Content). So you should make yourself comfortable familiar with Brightspace before the course begins.
Toetsinformatie
Written exams and assignments. Partial grades from previous years' assignments do remain valid upon request.
Bijzonderheden
Topics to be announced shortly before the course starts.
Niveau
Ba 2 PM RE

Aanbevolen materiaal
Boek
International Financial Management, Madura and Fox, Cengage, ed. 5, 9781473770508. The book is a helpful, but not necessary addition to the material provided in the course.
ISBN:9781473770508
Titel:International Financial Management
Auteur:Madura and Fox
Uitgever:Cengage
Druk:5
Kosten:55,00

Werkvormen
Hoorcollege

Toetsen
Final Grade
Weging1
ToetsvormDigitale toets met SOWISO
GelegenhedenBlok 4, Blok 5