FINS5516 1 S2.2001 SCHOOL OF BANKING AND FINANCE FINS5516 INTERNATIONAL CORPORATE FINANCE Session 1, 2003 O O b b j j e e c c t t i i v v e e This course will equip students with the basic theoretical and practical knowledge required to deal with international investment and financial decisions. It is relevant to a broad range of professions including corporate treasury management, corporate finance, international securities trading and investment management. The general emphasis is on the identification and management of opportunities and risk relating to exchange rate fluctuations, international financial markets and government policy changes. S S t t a a f f f f , , C C o o n n t t a a c c t t s s a a n n d d C C o o n n s s u u l l t t a a t t i i o o n n Instructor Location Telephone Consultation Hours A/Prof Suk-Joong Kim (SK) Q3061 93854278 Monday 3-5pm (s.kim@unsw.edu.au) Prof. Fariborz Moshirian (FM Q3064 9385 5859 Wednesday 2-3pm ( f.moshirian@unsw.edu.au) Dr Alfred Yawson (AY) Q3067 93854900 Thursday11-13pm (a.yawson@unsw.edu.au) Please note that instructors will only response to student email correspondence that specifies the student’s full name and student number. L L e e c c t t u u r r e e T T i i m m e e s s There will be two streams and students may attend either of these two streams. For each stream, there will be two two hour lectures and one hour of tutorial each week. The time and location are as follows: Lectures: 1-Wednesday 11:00-14:00(for the first 6 weeks) in Science Theatre and from week 7 to week 14 from 15pm to 18pm in CLB 8 2-Wednesday 18pm-21pm from week 1 to week 14 in Murphy Theatre This is trial version www.adultpdf.com FINS5516 2 S2.2001 Assessment The assessment scheme for this course is as follows: Mid-Session Examination 50% Final Examination 50% Examination Format Both mid-session and final examinations will be of 2 to 2.5 hours in duration. Mid-Session Examination The Mid-Session Examination will be held at NEW SOUTH GLOBAL on FRIDAY 2 May 2003 from 6pm to 8.30 pm. It covers lecture materials from lecture 1 to lecture 6. Attendance is compulsory. Final Examination The Final Exam will cover material from week 7 to week 14. If you fail to sit for the examinations at the scheduled time, there is NO guarantee that a supplementary examination will be provided. Special Consideration All requests for special consideration must be submitted to the Student Centre with supporting documentation within seven days of the related examination or the due date of the related assignment. A copy of the application form and its supporting documentation must also be submitted to the lecturer-in-charge . Special consideration applications will be assessed by the school’s committee. Requests on medical grounds will not be considered unless Section B of the application form is duly stamped and signed by a registered medical practitioner, with clearly legible contact details. Supplementary examination will only be granted in exceptional cases. Should any supplementary examination (mid-session or final) be granted, it would be held AFTER the formal final examination period. Specifically, the student must be able to demonstrate a serious illness or a serious accident injury evidenced by a medical certificate indicating physical inability to attend. It is the responsibility of the students to check the subject HOMEPAGE for supplementary examination date. This is trial version www.adultpdf.com FINS5516 3 S2.2001 M M a a t t e e r r i i a a l l s s a a n n d d R R e e s s o o u u r r c c e e s s Main Texts Shapiro, A.C. (2002), Multinational Financial Management, Seventh Edition, Wiley. Other Highly Useful Texts Includes Eiteman, D.K., A.I. Stonehill and M.H. Moffett (1998), Multinational Business Finance, 8 th Edition, Addison-Wesley. Butler, K. C. (2000), Multinational Finance, 2 nd Edition, South-Western. Grabbe, J.O. (1996), International Financial Markets, Third Edition, New Jersey: Prentice Hall. Moosa, I. A. (1998) International Finance, Irwin, McGraw-Hill. Other References Eaker, M., F.J. Fabozzi, and D. Grant (1996) International Corporate Finance, Dryden Press. M. Skully, ed. (1990), International Corporate Finance: A Handbook of Australian Business, Butterworths. Levi, M.D. (1996), International Finance Third Edition, McGraw-Hill, 1990. Juttner, J. (1995), International Finance and Global Investment Markets, Longmans, Cheshire. Gunter Duffey & Ian H. Gibby (1987), 50 Cases in International Finance, Addison & Wesley. M M a a j j o o r r T T o o p p i i c c s s • Foreign Exchange Markets and Key Relationships • Foreign Exchange Risk Management • International Corporate Finance N N o o t t e e : : T T o o p p i i c c s s a a n n d d s s c c h h e e d d u u l l e e a a r r e e i i n n d d i i c c a a t t i i v v e e o o n n l l y y . . L L e e c c t t u u r r e e r r s s r r e e s s e e r r v v e e t t h h e e r r i i g g h h t t t t o o a a l l t t e e r r t t h h e e c c o o n n t t e e n n t t o o f f t t h h i i s s c c o o u u r r s s e e w w i i t t h h o o u u t t p p r r i i o o r r n n o o t t i i c c e e . . This is trial version www.adultpdf.com FINS5516 4 S2.2001 S S c c h h e e d d u u l l e e I. Introduction Lecture 1 (AY) International Financial Management Chap 1 II. Foreign Exchange Markets and Key Relationships Lecture 2 (AY) Foreign Exchange Market and Exchange Rates Determination Chaps 7 & 2 Lecture 3 (AY) The International Monetary System and Economic Linkages Chaps 3 &5 Lecture 4 (SK) Parity Conditions in International Finance, Futures and Options Chaps 4 & 8 III. Foreign Exchange Risk Management Lecture 5 (SK) Measuring and Managing Transaction Exposures Chap 10 Lecture 6 (SK) Measuring and Managing Economic Exposure Chapter 11 Lecture 7 (FM) Country Risk Analysis and International Taxation issues Chaps 6 and 17A Lecture 8 Mid-session Exam (No Lecture on that week) (The exam will cover lecture materials up to and including that covered in lecture 6. The exam will be held in the New South Solution on Friday 2 May 2003 at 6pm . IV. International Corporate Finance Lecture 9 (FM) International Portfolio and Direct Investments Chapters 15 & 16 Fariborz Moshirian, Financial Systems in the new Millennium, Journal of Multinational Financial Management, no 10, vol 3-4, 2001. Fariborz Moshirian, The New International Financial Architecture, Journal of Multinational Financial Management, Vol 3-4, 2002. Please go to the library website of the This is trial version www.adultpdf.com FINS5516 5 S2.2001 UNSW and then go to the elsevier web on www.elsevier.com/locate/econbae and then under the Journal of Multinational Financial Management type the title of the article or follow the instructions given below: Go to: "www.elsevier.com/locate/econbase". There click: "Journal of Multinational Financial Management". There click: "Full Text & Abstracts". Lecture 10 (FM) Managing the Multinational Financial System Chapter 20 Lecture 11 (FM) Multinational Corporation Capital Budgeting and Cost of Capital Chaps 14 & 17 Lecture 12 (FM) International Financial Markets and Short Term Financing Chap 12, 18 & 19.4 Lecture 13 (FM) Swaps and The Euromarkets Chaps 9 & 13 Lecture 14 (FM) International Financial serviced & the Review of the Final Exam Reading: F.Moshirian, International Investment in Financial services, Journal of Banking and Finance, Vol 26, 2001. (download from www.elsevier.com/locate/econbase under Journal of Banking and Finance This is trial version www.adultpdf.com . FINS5516 1 S2.2001 SCHOOL OF BANKING AND FINANCE FINS5516 INTERNATIONAL CORPORATE FINANCE Session 1, 2003 O O b b j j e e c c t t i i v v e e . Eaker, M., F.J. Fabozzi, and D. Grant (1996) International Corporate Finance, Dryden Press. M. Skully, ed. (1990), International Corporate Finance: A Handbook of Australian Business, Butterworths theoretical and practical knowledge required to deal with international investment and financial decisions. It is relevant to a broad range of professions including corporate treasury management, corporate