Course Details

1. Become familiar with the conceptual framework within which the key financial decisions of the multinational firm can be analyzed;
2. Apply analytical techniques in decision making;
3. Analyze how companies can obtain greater degree of international diversification
4. Discuss how companies can arbitrage between imperfect capital markets, thereby obtaining funds at a lower cost.
5. Identify tools in current asset management and short-term financing.

International Portfolio Investment: The Benefits of International Equity Investing; International Bond Investing; Optimal International Asset Allocation; Measuring the Total Return from Foreign Portfolio investing; Measuring Exchange Risk on Foreign Securities.

Capital Budgeting for the Multinational Corporation: Basics of Capital Budgeting; Issues in Foreign Investment Analysis; Foreign Project Appraisal; Political Risk Analysis; Growth Options and Project Evaluation.

Financing Foreign Trade: Payment Terms in International Trade; Documents in International Trade; Financing Techniques in International Trade; Government Sources of Export Financing and Credit Insurance; Counter-trade.

Current Asset Management and Short-term Financing: International Cash Management; Accounts Receivable Management; Inventory Management; Short-term Financing.

Managing the Multinational Financial System: The Value of the Multinational Financial System; Inter-company Fund Flow Mechanisms: Costs and Benefits; Designing a Global Remittance Policy

• Shapiro Alan, Multinational Financial Management, Wiley Sons, 7th Edition
• Harwood Stephenson, Shipping Finance, Euromoney Books, 3rd Edition

• Sloggett J.E, Shipping Finance, 2nd Edition, Fairplay Publications
• Ross S, R. Westerfield, J. Jaffe, Fundamentals of Corporate Finance, McGraw Hill, Fifth Edition, 2000
• Lumby S., Jones C. , Fundamentals of Investment Appraisal, Int. Thomson Business Press, 1st Edition, 2000
• Brealey R, S Myers , F Allen, Corporate Finance, McGraw Hill, Eighth Edition, 2005