13035 Multinational Financial Management
Credits: 3 graduate credits in Business Administration / International Management
The course is based on a textbook, Multinational Business Finance (12th ed.), by D.K. Eiteman, A.L. Stonehill, & M.H. Moffett (Global Edition, Pearson, 2013); and on a reader edited by Arie Nachmias and Uri Benzion.
Objectives: To impart knowledge as well as theoretical and practical analytical tools for managing cross-border cash flows. These cash flows are characterized by the existence of a multi-currency system with ever-changing exchange rates. The course focuses on the international capital market and on investment and financing decisions unique to a company operating in the international environment. It recognizes the increasing importance of global integration of money and capital markets, a trend that is creating expanded opportunities for both investors and firms that need to raise capital.
Topics: The global financial environment; Foreign exchange risk management; Political risk management; Multinational capital budgeting; International investment; Managing multinational operations.