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Course module: USEMMCF
USEMMCF
Multinational Corporate Finance
Course infoSchedule
Course codeUSEMMCF
ECTS Credits5
Category / LevelM (Master)
Course typeCourse
Language of instructionEnglish
Offered byFaculty of Law, Economics and Governance; Graduateschool REBO; International Economics and Business;
Contact personN. Sekerci
E-mailn.sekerci@uu.nl
Lecturers
Lecturer
N. Sekerci
Other courses by this lecturer
Contactperson for the course
N. Sekerci
Other courses by this lecturer
Teaching period
2  (21/10/2019 to 02/02/2020)
Teaching period in which the course begins
2
Time slotB: TUE-morning, THU-afternoon
Study mode
Full-time
RemarkRequired in masters International Management & Financial Management.
Enrolment periodfrom 03/06/2019 up to and including 30/06/2019
Course application processadministratie onderwijsinstituut
Enrolling through OSIRISNo
Enrolment open to students taking subsidiary coursesNo
Pre-enrolmentNo
Waiting listNo
Content
The main objective of this course is to provide students with a sound, yet applied understanding of theories and concepts of multinational corporate finance. The course offers an advanced and comprehensive discussion of the theory on various strategic decisions that managers of multinational companies (MNCs) take. The major challenge that managers of MNCs encounter is the different types of risks that MNCs face due to doing business in dynamic international environments. Therefore, the course particularly focuses on managing certain types of risks; such as, foreign exchange rate risk, country risk, interest rate risk and commodity risk, in addition to mastering on how to undertake a direct foreign investment (DFI). The course also discusses corporate governance practices around the world which influence how MNCs are run and ultimately how they create value for their stakeholders.
 
Learning objectives
… in general:
At the end of the course the student is able to:
  • demonstrate thorough knowledge of the multinational corporate finance theories and concepts
  • identify problems and situations, as well as opportunities where the theories learnt are applicable
  • apply theories and concepts learnt to analyse and solve challenging corporate financial problems that multinational firms face in dynamic international environments
 
… more specifically:
At the end of the course, the student is able to:
  • explain why MNCs exist
  • identify the international financial markets that serve to MNCs
  • do valuation analysis of an MNC
  • recognise why and how MNCs hedge, and the (derivatives) tools available to them to hedge
  • measure foreign exchange (FX) risk exposure of MNCs, as well as manage FX risk
  • recognise how DFI decisions are taken
  • make a country risk analysis before entering into a foreign market
  • recognise and manage interest rate and commodity risk
  • assess the relevance of corporate governance of MNCs
 
Format
Lectures and seminars

Assessment method
•          Final exam (70%, individual)
•          Assignment: (30%, group)

In case online access is required for this course and you are not in the position to buy the access code, you are advised to contact the course coordinator for an alternative solution. Please note that access codes are not re-usable meaning that codes from second hand books do not work, as well as access codes from books with a different ISBN number. Separate or spare codes are usually not available.
Competencies
-
Entry requirements
You must meet the following requirements
  • Enrolled for a degree programme of faculty Faculty of Law, Economics and Governance
Required materials
Book
To be announced.
Items
Lecture slides.
Study guide
Course manual.
Texts
Case studies
Recommended materials
Items
Set of articles.
Instructional formats
Lecture

Seminar

Tests
Final Exam
Test weight70
Minimum grade1

Assignment
Test weight30
Minimum grade1

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