mmc240 - Corporate Finance in a GlobalWorld: Challenges and Opportunities (englische Sprache) (Complete module description)

180h Gesamt
42h Kontakt

Prof. Dr. Annika Wolf

Basic understanding of financial concepts is beneficial

Financial markets around the world have become more accessible than ever before. And yet every country is different, with its own set of financial, accounting, legal and fiscal systems, and its own cultural norms, so the question arise whether we can use the same corporate finance concepts when we cross borders.
This course introduces students to corporate financial decision making in an international context.

Students will
- study the most important financial decisions the corporations make: capital structure, risk management, capital raising, mergers and acquisitions.
- learn about the legal framework of the firm as well as more technical aspects of valuation and risk management techniques.
- examine real decisions made in India, Russia, Venezuela, Japan, Vietnam, and China.
- differentiate between the challenges and opportunities in a global setting considering political and exchange rate risk and differing corporate governance standards.
- formulate strategy recommendations for real companies, with the goal of developing real shareholder proposals.

The aim of this course is to introduce students to key concepts in international corporate finance and to enable them to formulate strategies in international finance and investment. As an introductory course, it is not necessary that students have a background in Finance. Expect this to be an interactive class: we will take the perspective of corporate financial managers and discuss actual case studies together.

Vernimmen et al, Corporate Finance – Theory and Practice, 5th ed., Wiley 2018.
Eiteman, Stonehill, and Moffett, Multinational Business Finance, 13th ed., Prentice Hall 2013.
Ian Giddy, Global Financial Markets, Heather 1994.
Case Studies tba

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