OPF:FIUNAMFM International Fin. Management - Informace o předmětu

FIUNAMFM International Financial Management

Rozsah

2/1/0. 5 kr. Ukončení: zk.

Vyučující

Ing. Jana Šimáková, Ph.D. (přednášející)

Garance

Ing. Jana Šimáková, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA

Rozvrh

Út 13:05–14:40 B208

• Rozvrh seminárních/paralelních skupin:

FIUNAMFM/01: Út 14:45–15:30 B208, J. Šimáková

Předpoklady

FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(P)

Omezení zápisu do předmětu

Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 45 stud.
Momentální stav registrace a zápisu: zapsáno: 0/45, pouze zareg.: 0/45

Mateřské obory/plány

• Banking (program OPF, N_HOSPOL)
• Business Economics and Management (program OPF, N_EKOMAN, směr Accounting and Taxes)
• Business Economics and Management (program OPF, N_EKOMAN, směr Business)
• Business Economics and Management (program OPF, N_EKOMAN, směr Corporate Finance)
• Business Economics and Management (program OPF, N_EKOMAN, směr Marketing and Trade)
• Economy of Enterprise in Trade and Services (program OPF, N_EKOMAN)

Osnova

• 1. Principles of international financial management
  Principles of international financial management. Reasons to engage in international business. Forms of international business – international trade, licencing, franchising, joint ventures, acquisitions of existing operations, establishing new foreign subsidiaries. Managing a multinational corporation. Agency problems. Valuation model for a multinational corporation.
  
• 2. International financial markets
  Reasons and principles of using international financial markets in companies. International financial markets serving a multinational corporation. Foreign exchange market. International money market. International credit market. International bond market. International stock market.
  
• 3. Foreign exchange risk management
  Characteristics of exchange rate risk. Measuring exchange rate movements. Forecasting exchange rates. Measuring exposure to exchange rate fluctuations. Transaction exposure. Economic exposure. Translation exposure. Managing transaction and economic exposure. Managing translation exposure. Internal and external methods of hedging against exchange rate risk – currency forwards, currency futures, currency options, swaps, cross hedging, money market hedging, leading, lagging, netting, currency diversification, natural hedging. Limitations of hedging.
  
• 4. Long-term international asset and liability management
  Characteristics of long-term international assets and liabilities. Foreign direct investments (FDI). Revenue-related motives of FDI. Cost-related motives of FDI. Managing FDI. Host government views of FDI. Multinational capital budgeting. International corporate governance and control. Long-term financing on international financial markets. Sources of equity and debt capital.
  
• 5. Short-term international asset and liability management
  Characteristics of short-term international assets and liabilities. Financing international trade. Payment methods of international trade. Short-term financing on international financial markets. International cash management. Techniques to optimize cash flows.
  
• 6. Country risk analysis
  Country risk in terms of financial management. Country risk factors. Political risk. Economic and financial risk. Techniques to assess country risk. Measuring country risk. Techniques to decrease country risk. Incorporating country risk in capital budgeting. Preventing host government takeovers. Credit rating of the countries.

Literatura

povinná literatura
• MADURA, J., 2018. International Financial Management. 13th ed. Boston: Cengage Learning. ISBN 978-1-337-09973-8.
• SHAPIRO, A.C., 2019. Multinational Financial Management. 11th ed. Jefferson City: Wiley. ISBN 978-1-119- 55984-9.

doporučená literatura
• BEKAERT, G. a R. HODRICK, 2018. International Financial Management. 3rd ed. Cambridge: Cambridge University Press. ISBN 978-1-107-11182-0.
• BUTLER, K.C., 2016. Multinational Finance: Evaluating the Opportunities, Costs, and Risks of Multinational Operations. 6th ed. New Yersey: John Wiley & Sons. ISBN 978-1-119-21968-2.
• EUN, C.S. a B.G. RESNICK, 2018. International financial management. 8th ed. New York: McGraw-Hill Education. ISBN 978-1-259-92219-0.

Výukové metody

lectures, seminars

Metody hodnocení

ongoing test, case studies, written exam

Vyučovací jazyk

Angličtina

Informace učitele

Evaluation methods: ongoing test (20 % of overall evaluation), case studies (20 % of overall evaluation), written exam (60 % of overall evaluation)

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