International Corporate Finance
- Faculty
Faculty of Business Management and Social Sciences
- Version
Version 1 of 25.11.2024.
- Module identifier
22M0484
- Module level
Master
- Language of instruction
English
- ECTS credit points and grading
5.0
- Module frequency
only summerterm
- Duration
1 semester
- Teaching and learning outcomes
Part 1: THE INTERNATIONAL FINANCIAL ENVIRONMENT. 1. Multinational Financial Management: An Overview. 2. International Financial Markets.
Part 2: EXCHANGE RATE BEHAVIOR. 3. Government Influence on Exchange Rates. 4. International Arbitrage and Interest Rate Parity. 5. Relationships among Inflation, Interest Rates, and Exchange Rates.
Part 3: EXCHANGE RATE RISK MANAGEMENT. 6. Forecasting Exchange Rates. 7. Measuring Exposure to Exchange Rate Fluctuations. 8. Managing Transaction Exposure. 9. Managing Economic Exposure and Translation Exposure.
Part 4: LONG-TERM ASSET AND LIABILITY MANAGEMENT. 10. Direct Foreign Investment. 11. Multinational Capital Budgeting. 12. Multinational Cost of Capital and Capital Structure.
- Overall workload
The total workload for the module is 150 hours (see also "ECTS credit points and grading").
- Teaching and learning methods
Lecturer based learning Hours of workload Type of teaching Media implementation Concretization 45 Lecture Presence - Lecturer independent learning Hours of workload Type of teaching Media implementation Concretization 80 Preparation/follow-up for course work - 25 Exam preparation -
- Graded examination
- Written examination or
- Portfolio exam
- Remark on the assessment methods
The portfolio exam covers 100 points and consists of a one-hour written examination (K1) and a report (R). Each element is weighted by 50 points.
- Exam duration and scope
Written examinations: in accordance with the valid study regulations
Report of the portfolio exam: Presentation: approx. 20-30 minutes and a written report: approx. 5-8 pages
The requirements are specified in the respective lectures.
- Recommended prior knowledge
Fundamental principles of financial management (Bachelor) Basic mathematics (intermediate secondary school level
- Knowledge Broadening
Students who successfully complete this module are are familiarizes with the international financial environment, exchange rate behavior and exchange rate risk management.
- Literature
Eiteman, D. K. / Stonehill, A. I. / Moffett, M. H., 2004, Multinational Business Finance, 10th Ed., Reading et. al.
Gandolfo, G., International Finance and Open-Economy Macroeconomics, Springer, 2. Aufage, 2002.
Melvin, M., International Money and Finance, Addison Weslay, 7. Auflage, 2003.
Butler, Kirt Charles: Multinational finance, 3. ed. - Mason, Ohio [u.a.]: Thomson/South-Western, 2004.
Brealey/Myers: Principles of Corporate Finance, 7. Aufl., New York 2003.
Fabozzi, Frank J./ Modigliani, Franco: Capital Markets, Institutions and Instruments, 3. int. Aufl., New Jersey: Prentice Hall, 2003.
- Linkage to other modules
International Economics and Business
- Applicability in study programs
- International Business and Management (Master)
- International Business and Management, M.A. (01.09.2024)
- Person responsible for the module
- Seppelfricke, Peter
- Teachers
- Seppelfricke, Peter