06300793 - Financing International Operations
| Crédits ECTS | 3 |
|---|---|
| Volume horaire total | 2E+1 |
| Volume horaire CM | 20 |
Responsables
Objectifs
The course focuses on international finance & risk management.
Case studies will be widely used
Estimation of private study (outside of contact hours) : 20 hours
TARGETED KNOWLEDGE
Case studies will be widely used
Estimation of private study (outside of contact hours) : 20 hours
TARGETED KNOWLEDGE
- Focus on risk management: forex risks (foreign exchange), rate risks, country risk management, investment risks…
- Understand decision-making in the investment process in an international context (case studies)
Contenu
Country Risk Analysis
Multinational Capital Budgeting
Foreign Exchange Risk: Transaction / Operating Exposure
Currency Forwards, Currency Options, Swaps
Interest Rate Risk Management (FRAs, SWAPs )
Multinational Capital Budgeting
- Capital Cost, Risk Premium, Operating Cash Flows
- Exercises
Foreign Exchange Risk: Transaction / Operating Exposure
Currency Forwards, Currency Options, Swaps
- Exercises
- Case study: Johnson & Johnson / Guangzhou, China
- Case Study: Airbus Forex / Brazil
Interest Rate Risk Management (FRAs, SWAPs )
- Exercises
- Case study: Pakistan International Airways
Bibliographie
PRESCRIBED TEXTS AND PUBLICATIONS :
Alan C. Shapiro, Peter Moles, International Financial Management, Wiley, New York (2014)
( Chapters 16 & 17)
RECOMMENDED TEXTS AND PUBLICATIONS :
Pierre Vernimmen, Yann Le Fur, Pascal Quiry, Corporate Finance (5th edition), Wiley (2017)
Section I Financial analysis / Part 1 & 2
Section II investors and markets / Part 1 investment decision rules
TEXTS AND PUBLICATIONS OF IAELYON FACULTY ON THE SUBJECT OF THE COURSE :
Alan C. Shapiro, Peter Moles, International Financial Management, Wiley, New York (2014)
( Chapters 16 & 17)
RECOMMENDED TEXTS AND PUBLICATIONS :
Pierre Vernimmen, Yann Le Fur, Pascal Quiry, Corporate Finance (5th edition), Wiley (2017)
Section I Financial analysis / Part 1 & 2
Section II investors and markets / Part 1 investment decision rules
TEXTS AND PUBLICATIONS OF IAELYON FACULTY ON THE SUBJECT OF THE COURSE :
- Griette, E., Vittoz, L., Langle, B., “Cérémako: coping with weather and financial markets volatility “, Revue Recherche et Cas en Sciences de Gestion , Les paradoxes de la mondialisation (n°16), second semester 2016
- Pesqueux, Y., Griette, E., « La question de l’impact à l’épreuve de la gouvernance minière autour de son instauration en Afrique de l’Ouest », Question de management, June 2020 (n° 27)
Contrôles des connaissances
Final Exam
Written 2h, Final exam
Continuing Examination
Group assignements: case study & participation to the class
Written 2h, Final exam
Continuing Examination
Group assignements: case study & participation to the class
Informations complémentaires
PRESCRIBED TEXTS AND PUBLICATIONS :
Alan C. Shapiro, Peter Moles, International Financial Management, Wiley, New York (2014)
( Chapters 16 & 17)
RECOMMENDED TEXTS AND PUBLICATIONS :
Pierre Vernimmen, Yann Le Fur, Pascal Quiry, Corporate Finance (5th edition), Wiley (2017)
Section I Financial analysis / Part 1 & 2
Section II investors and markets / Part 1 investment decision rules
TEXTS AND PUBLICATIONS OF IAELYON FACULTY ON THE SUBJECT OF THE COURSE :
Alan C. Shapiro, Peter Moles, International Financial Management, Wiley, New York (2014)
( Chapters 16 & 17)
RECOMMENDED TEXTS AND PUBLICATIONS :
Pierre Vernimmen, Yann Le Fur, Pascal Quiry, Corporate Finance (5th edition), Wiley (2017)
Section I Financial analysis / Part 1 & 2
Section II investors and markets / Part 1 investment decision rules
TEXTS AND PUBLICATIONS OF IAELYON FACULTY ON THE SUBJECT OF THE COURSE :
- Griette, E., Vittoz, L., Langle, B., “Cérémako: coping with weather and financial markets volatility “, Revue Recherche et Cas en Sciences de Gestion , Les paradoxes de la mondialisation (n°16), second semester 2016
- Pesqueux, Y., Griette, E., « La question de l’impact à l’épreuve de la gouvernance minière autour de son instauration en Afrique de l’Ouest », Question de management, June 2020 (n° 27)