Syllabus

Title
1000 Finance Perspectives on Internationalization
Instructors
Thomas Lindner, PhD,MIM(CEMS),BSc
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/20/18 to 09/27/18
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Wednesday 10/10/18 02:00 PM - 05:00 PM TC.4.12
Wednesday 10/17/18 02:00 PM - 05:00 PM D3.0.218
Wednesday 10/24/18 02:00 PM - 05:00 PM TC.4.12
Wednesday 10/31/18 02:00 PM - 05:00 PM TC.4.12
Wednesday 11/14/18 02:00 PM - 05:00 PM TC.4.12
Wednesday 11/21/18 02:00 PM - 05:00 PM TC.4.12
Wednesday 11/28/18 02:00 PM - 05:00 PM EA.6.032
Wednesday 12/05/18 02:00 PM - 05:00 PM TC.4.12

Contents

The course follows the below structure:

  1. Introduction to the class and to country risk
  2. International capital budgeting
  3. Taxes and capital structure in the international firm
  4. International financial reporting and taxation
  5. Real options, joint ventures, and international mergers and acquisitions
  6. Project finance
  7. International capital budgeting case study
  8. Final exam

Learning outcomes

In this class, students will learn how to use tools and methods from finance to evaluate strategic decisions in international business. The core topic of the class is how firms can manage country risk. We will start with general insights into international corporate finance and financial markets. We will then apply those insights to questions that are at the forefront of international strategy. The course is self-supporting within the International Business specialization. Prior knowledge in finance is not necessary beyond what is covered in WU's Common Body of Knowledge.

Attendance requirements

Attendance at all sessions is mandatory.

Teaching/learning method(s)

This class uses a mixture of presentations, case studies, interactive and homework exercises, and a final exam. In session 4 a guest lecturer from EY will join us to talk about international financial reporting and taxation.

Assessment

· 50% final exam (individual-level)

· 20% case report (group-level)

· 20% class participation (individual-level)

· 10% answers to in-class questions (group-level)

Readings

1 Author: Kirt C Butler
Title: Multinational finance: Evaluating opportunities, costs, and risks of operations

Publisher: John Wiley and Sons
Year: 2012
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
2 Author: Adrian Buckley
Title: International finance: A practical perspective

Publisher: Pearson Higher Education
Year: 2012
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
3 Author: Piet Sercu
Title: International finance: Theory into practice

Publisher: Princeton University Press
Remarks: particularly chapter 22
Year: 2009
Recommendation: Reference literature
Type: Book
4 Author: Richard A Brealey, Stewart C Myers, Franklin Allen
Title: Principles of corporate finance

Publisher: McGraw-Hill
Recommendation: Reference literature
Type: Book
5 Author: Stefano Gatti
Title: Project Finance in Theory and Practice

Publisher: Academic Press
Edition: 1 or 2
Recommendation: Reference literature
Type: Book

Availability of lecturer(s)

thomas.lindner@wu.ac.at
Last edited: 2018-05-28



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