FS6059 - Multinational Finance (2024/25)
| Module specification | Module approved to run in 2024/25 | ||||||||||||||||
| Module title | Multinational Finance | ||||||||||||||||
| Module level | Honours (06) | ||||||||||||||||
| Credit rating for module | 15 | ||||||||||||||||
| School | Guildhall School of Business and Law | ||||||||||||||||
| Total study hours | 150 | ||||||||||||||||
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| Assessment components |
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| Running in 2024/25(Please note that module timeslots are subject to change) | No instances running in the year |
Module summary
Introduces students to the main theories of finance relating to multinational corporate activities.
Module aims
1. To provide students with knowledge and understanding of the framework within which multinational business decisions are taken.
2. To increase student understanding of financial strategies available to multinational corporations.
Syllabus
International financial environment.
Exchange rate behaviour.
Exchange rate risk management.
Long-term asset and liability management.
Short-term asset and liability management
Learning and teaching
A two-hour session and a one-hour tutorial/workshop per week.
Two-hour session: 1st hour - question based discussion/exposition of previous week's topic; 2nd hour - question based lecture on current week's topic.
One hour seminars used to reinforce topics/address specific student needs.
Lecture and tutorial/seminar material posted to weblearn each week . Current/relevant corporate news from press (Wall Street Journal Europe) reference in lectures and tutorial/seminars. Question and case study based sessions give students the incentive to participate - students responses help regulate the pace of the session. Students are also aware that knowledge of the material in the questions and case studies will enhance their coursework and examination performance.
Learning outcomes
- Demonstrate, mathematically and discursively, a clear understanding of the major theories relating to exchange rate management.
- Discuss the relationship between theory and practice in this area.
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Understand the financial implications of how exchange rate movement interact with loan covenants, gearing and net worth and short term asset and liability management.
Bibliography
• Eiteman D Multinational Business Finance,12th edition, Boston; Prentice Hall, 2010
• Eun C International Financial Management 5th edition Mc Graw Hill 2009
• Madura, J. International Corporate Finance,10th edition,Thomson, 2010
• Runde. J Mizuhara S Keynes The Philosophy of Keynes, Routledge 2003
• Shapiro, A Multinational Financial Management, 9th edition, Wiley 2010
• Company specific websites
• Financial Times - daily