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International Financial Management
040172; Monday: 08:00am - 10:00am (J2), Tuesday: 08:00am - 10:00am (F5); 1. Term


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Date File Comment

Course Information

Semester: Winter Term 2017/2018
Term: 1st term
Course Number: 040172
Lecturer: Prof. Dr. Nadja Guenster
Christian Hüning, M.Sc.
Contact Persons:
Room: J2, F5
Dates: Monday: 08:00am - 10:00am, J2
Tuesday: 08:00am - 10:00am, F5
Language: English
Credits: 4
Semester hours: 2
Module(s): International Financial Management - Bachelor of Science 'Betriebswirtschaftslehre' (PO 2005/2010)

Description / Main Topics
The module "International Financial Management" adds an international, multi-country perspective to the modules "Finance" and "Governance & Management". While these modules largely deal with a single-country setting, the module "International Financial Management" focuses on complexities that specifically arise in cross-border financial and managerial decision making.

Learning Outcomes
A solid understanding of multinational finance is crucial to success in today's, and ultimately tomorrow's, marketplace. This is as true for firms competing directly with foreign companies as it is for domestic firms whose suppliers, customers, and competitors are increasingly likely to be from foreign countries.

The module "International Financial Management" discusses relevant topics for the management of international and multinational enterprises. It provides a clear framework for evaluating many opportunities costs, and risks of multinational operations in a manner that allows students to see beyond the algebra and terminology to the general principles of multinational financial management.

The course is divided into four parts:
Part I: The International Financial Environment
Part II: Derivative Securities for Financial Risk Management
Part III: Managing the Risks of Multinational Operations 
Part IV: International Portfolio Investment & Asset Pricing

Students obtain the relevant knowledge to act successfully as managers and investors in a global economy. To this end, they obtain three core competencies: First, after successfully completing this module, students have a profound understanding of the functioning of international financial markets. Second, they understand how and why countries differ in their institutional settings. Third, students can apply this knowledge in cross-border operating, financing, and investment decisions.

Course Assessment
Final exam (120 min./closed book)



Reading Material
Butler, K. C. (2016) - Multinational Finance- Evaluating the Opportunities, Costs, and Risks of Multinational Operation- 6th Edition

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