This module is not currently running in 2024 to 2025.
This module analyses the key financial decisions made by multinational companies (MNCs) and provides international perspectives to financial problems facing multinational corporations. Real life case studies and interesting debate questions will help students to develop a critical understanding of the financial decisions made by MNCs. This requires, among other things, a systematic knowledge of (i) the international financial environment, (ii) the exposure of MNCs to different types of risk and (iii) the cost related to various financial decisions made by MNCs. Topics examined in the module include:
• International financial environment
• International money and capital markets
• Analysis of foreign exchange risk exposure
• Capital budgeting; foreign direct investment
• Cost of operation, investing, and financing decisions
The module will be taught by lectures, seminars and private study.
Total Contact Hours: 22
Private Study Hours: 118
Main assessment methods
Individual Essay- 2000 word: 30%
Examination- two hour, unseen: 70%
Reassessment methods
Reassessment will be on a like-for-like basis.
Eun, C.S. and Resnick, B.G. (2017) International Financial Management, 8th Edition, London: McGraw-Hill Education
Madura, J. and Fox, R. (2014) International Financial Management, Andover: Cengage Learning.
Shapiro, A.C. (2014) Multinational Financial Management, Hoboken, NJ: Wiley.
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate a critical understanding of the key terminology used in international financial management.
- Demonstrate a critical understanding of the key foreign exchange parity relationships and their relevance to the management of exchange rate risk.
- Demonstrate a critical understanding of the role of international currency markets in the determination of economic outcomes.
- Systematically identify and critically understand the major financing patterns of multinational enterprises and the reasons for their patterns.
- Critically apply a range of techniques to a series opportunities aimed at raising finance and investing in an international environment.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Critically analyse, compare, discuss and evaluate evidence and hypotheses.
- Plan work, use relevant sources and study independently.
- Effectively communicate and critically apply numeracy and quantitative skills.
- Effectively use communication and information technology.
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