module specification

FS6059 - Multinational Finance (2017/18)

Module specification Module approved to run in 2017/18
Module title Multinational Finance
Module level Honours (06)
Credit rating for module 15
School Guildhall School of Business and Law
Total study hours 150
 
105 hours Guided independent study
45 hours Scheduled learning & teaching activities
Assessment components
Type Weighting Qualifying mark Description
Group Presentation 20%   Presentation
Coursework 30%   Report
Seen Examination 50%   2 hour open book (case study) examination
Running in 2017/18 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

  1. Demonstrate, mathematically and discursively, a clear understanding of the major theories relating to exchange rate management.
  2. Discuss the relationship between theory and practice in this area.
  3. Understand the financial implications of how exchange rate movement interact with loan covenants, gearing and net worth and short term asset and liability management.
     

Assessment strategy

The coursework (50%) is composed of a group presentation (20%) and a group report (30%). The presentation topics will aim to link theory with practice and be based on finance within the area of the business environment. Students will be required to keep a log of their contributions to the presentation and the report and the log will form part of the report submission.

Two hour open book  case study based exam which seeks to test students understanding of a firm's long term and short term funding position, its asset management and treasury policy and how exchange risk can affect a firm's revenue, asset and liabilities management policies.

 

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