- Module code: IB9Y4
- Module name: International Financial Management
- Department: Warwick Business School
- Credit: 15
Module content and teaching
General aim: To extend the theory of corporate financial management covered in the Term 1 core module Corporate Finance to an international setting. Specific aims: To identify the different types of operating and financial risk to which companies with international operations are exposed; To examine strategies for mitigating the different types of risk e.g. exchangerate risk, interest-rate risk, credit risk faced by companies with international operations; To consider financial instruments and devices e.g. currency swaps, eurobonds, cross-listings that enable companies with international operations to raise finance in a way that minimises their weighted average cost of capital; To generalise discounted cash-flow techniques to: the appraisal of international capital projects; the valuation of foreign companies that are acquisition targets.To consider the issues involved in managing taxation internationally, with implications for transfer pricing and other cross-border transactions.
Principal learning outcomes
Subject knowledge/Key Skills: Comprehensively understand and describe corporate financial decision-making within the context of increasing globalisation of business, exchange-rate volatility and the internationalisation of financial markets. Cognitive Skills: Describe the different ways in which companies with international operations can raise additional finance; Critically assess the business and financial risks faced by companies with international operations; Discuss the issues involved in international taxation.Subject specific/Professional Skills: Propose strategies that enable companies with international operations to mitigate their business and financial risks; Appraise international capital projects; Value the target company in an international acquisition.
Timetabled teaching activities
Total contact hours: 30 hrs. Lectures (over duration of course): 10 x 2 hour lectures. Seminars (over duration of course): 10 x 1 hour seminars. Module duration (weeks, if applicable): 10 week.
|Assessment group||Assessment name||Percentage|
|15 CATS (Module code: IB9Y4-15)|
|D (Assessed/examined work)||Group Project (2000 words)||20%|
|2 hour examination (Summer)||80%|
This module is available on the following courses:
- Postgraduate Behavioural Finance (N304) - Year 1
- Postgraduate Behavioural Finance (N304) - Year 2
- Postgraduate Behavioural Finance (N304) - Year 3
- Postgraduate Behavioural Finance (N304) - Year 4
- MSc in Finance (N300) - Year 1
- MSc in Finance (N300) - Year 2
- Postgraduate Taught Finance with Behavioural Science (N301) - Year 1
- Postgraduate Taught Finance with Behavioural Science (N301) - Year 2