FIUNAMFM International Financial Management

School of Business Administration in Karvina
Summer 2022
Extent and Intensity
2/1/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Jana Šimáková, Ph.D. (lecturer)
Guaranteed by
Ing. Jana Šimáková, Ph.D.
Department of Finance and Accounting - School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D.
Timetable
Tue 14:45–16:20 B208
  • Timetable of Seminar Groups:
FIUNAMFM/01: Tue 16:25–17:10 B208, J. Šimáková
Prerequisites
FAKULTA ( OPF ) && TYP_STUDIA ( N ) && FORMA ( P )
None
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 30 student(s).
Current registration and enrolment status: enrolled: 31/30, only registered: 0/30
fields of study / plans the course is directly associated with
there are 6 fields of study the course is directly associated with, display
Course objectives
The aim of this course is to provide students with necessary knowledge and orientation in a relatively complex area of the international financial management. Financial decisions could be a key within all kinds of the business. Therefore, the role of financial managers is very important nowadays and will be stressed throughout the course.
Syllabus
  • 1. Principles of international financial management
    Principles of international financial management. Reasons to engage in international business. Forms of international business – international trade, licencing, franchising, joint ventures, acquisitions of existing operations, establishing new foreign subsidiaries. Managing a multinational corporation. Agency problems. Valuation model for a multinational corporation.
  • 2. International financial markets
    Reasons and principles of using international financial markets in companies. International financial markets serving a multinational corporation. Foreign exchange market. International money market. International credit market. International bond market. International stock market.
  • 3. Foreign exchange risk management
    Characteristics of exchange rate risk. Measuring exchange rate movements. Forecasting exchange rates. Measuring exposure to exchange rate fluctuations. Transaction exposure. Economic exposure. Translation exposure. Managing transaction and economic exposure. Managing translation exposure. Internal and external methods of hedging against exchange rate risk – currency forwards, currency futures, currency options, swaps, cross hedging, money market hedging, leading, lagging, netting, currency diversification, natural hedging. Limitations of hedging.
  • 4. Long-term international asset and liability management
    Characteristics of long-term international assets and liabilities. Foreign direct investments (FDI). Revenue-related motives of FDI. Cost-related motives of FDI. Managing FDI. Host government views of FDI. Multinational capital budgeting. International corporate governance and control. Long-term financing on international financial markets. Sources of equity and debt capital.
  • 5. Short-term international asset and liability management
    Characteristics of short-term international assets and liabilities. Financing international trade. Payment methods of international trade. Short-term financing on international financial markets. International cash management. Techniques to optimize cash flows.
  • 6. Country risk analysis
    Country risk in terms of financial management. Country risk factors. Political risk. Economic and financial risk. Techniques to assess country risk. Measuring country risk. Techniques to decrease country risk. Incorporating country risk in capital budgeting. Preventing host government takeovers. Credit rating of the countries.
Literature
    required literature
  • MADURA, J., 2018. International Financial Management. 13th ed. Boston: Cengage Learning. ISBN 978-1-337-09973-8.
  • SHAPIRO, A.C., 2019. Multinational Financial Management. 11th ed. Jefferson City: Wiley. ISBN 978-1-119- 55984-9.
    recommended literature
  • BEKAERT, G. a R. HODRICK, 2018. International Financial Management. 3rd ed. Cambridge: Cambridge University Press. ISBN 978-1-107-11182-0.
  • BUTLER, K.C., 2016. Multinational Finance: Evaluating the Opportunities, Costs, and Risks of Multinational Operations. 6th ed. New Yersey: John Wiley & Sons. ISBN 978-1-119-21968-2.
  • EUN, C.S. a B.G. RESNICK, 2018. International financial management. 8th ed. New York: McGraw-Hill Education. ISBN 978-1-259-92219-0.
Teaching methods
lectures, seminars
Assessment methods
ongoing test, case studies, written exam
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
Evaluation methods: ongoing test (20 % of overall evaluation), case studies (20 % of overall evaluation), written exam (60 % of overall evaluation)
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021.
  • Enrolment Statistics (recent)
  • Permalink: https://is.slu.cz/course/opf/summer2022/FIUNAMFM