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IB9Y4 - International Financial Management

  • Module code: IB9Y4
  • Module name: International Financial Management
  • Department: Warwick Business School
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

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.

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: IB9Y4-15)
D1 (Assessed/examined work) Individual Project 20%
  Group Project 20%
  2 hour examination (April) 60%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core
  • Postgraduate Behavioural Finance (N304) - Year 1
  • Postgraduate Behavioural Finance (N304) - Year 2
  • Postgraduate Behavioural Finance (N304) - Year 3
  • Postgraduate Behavioural Finance (N304) - Year 4
Optional
  • MSc in Finance (N300) - Year 2
  • Postgraduate Taught Finance with Behavioural Science (N301) - Year 2