Info
Logo Bocconi

Course 2017-2018 a.y.

20265 - INTERNATIONAL CORPORATE FINANCE


CLMG - M - IM - MM - AFC - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT - GIO
Department of Finance

Course taught in English


Go to class group/s: 31

CLMG (6 credits - I sem. - OP  |  SECS-P/09) - M (6 credits - I sem. - OP  |  SECS-P/09) - IM (6 credits - I sem. - OP  |  SECS-P/09) - MM (6 credits - I sem. - OP  |  SECS-P/09) - AFC (6 credits - I sem. - OP  |  SECS-P/09) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/09) - CLELI (6 credits - I sem. - OP  |  SECS-P/09) - ACME (6 credits - I sem. - OP  |  SECS-P/09) - DES-ESS (6 credits - I sem. - OP  |  SECS-P/09) - EMIT (6 credits - I sem. - OP  |  SECS-P/09) - GIO (6 credits - I sem. - OP  |  SECS-P/09)
Course Director:
CARLO MARIA PINARDI

Classes: 31 (I sem.)
Instructors:
Class 31: CARLO MARIA PINARDI


Course Objectives
This course is aimed to extend to internationally operating firms the principles and the approaches of corporate finance. After considering global financial markets and institutions, equilibrium conditions on currency markets, assessment and management of currencies, financial and political risk, the course focuses on the access to international equity and debt markets. Students will cope with international corporate finance problems including the gathering of crucial information, currency trading and hedging. The course includes extensive use of effective business case studies discussed with leading professionals acting in the international environment.

Course Content Summary
  • Where and how to collect relevant information when dealing with global financial markets.
  • Global financial markets, governance and the international monetary system.
  • How commodities markets affect currencies.
  • International institutional investors, sovereign funds and global markets.
  • Equilibrium conditions of currency markets: balance of payments, international parity conditions and asset market approach.
  • Assessment and management of political risk, management of currency risk and hedging tools.
  • Interest rates on global markets and financing decisions.
  • How to determine the global cost of capital.
  • Funding options in international debt and equity markets.
  • Small business access to foreign capital markets.
  • Foreign direct investments, cross border M&A, private equity.
  • Tax optimization and new international regulations.

Detailed Description of Assessment Methods
For attending students
The grading process is based on a mid-term and a final written exam (or a final global exam as an alternative).
Active participation in class and fulfilling successfully the case studies grants up to two extra points in the final grade.

For non attending students
They are graded on a written exam based on the textbook only.


Textbooks
  • C.S. EUN, B.G. RESNICK, International Finance, McGraw-Hill International, 2014, 7th global edition.
  • Additional teaching material, handed out to students during classes.
Last change 18/05/2017 15:29