COURSE OBJETIVE:
International boundaries are blurring therefore MNCs can raise funds from international financial management. The purpose of this paper is to equip the students with financial and investment decision of MNCs.
UNIT-I An overview of multinational financial management; international monetary and financial systems, IBRD and development banks; fiancé in a multination firms; international flow of funds.
UNIT-II International working capital management; international cash management; international receivable management, managing short term assets and liabilities; international capital money markets; euro dollar and currency market; financial market instruments - GDRs, ADRs, Euro issues, CP and ECB.
UNIT-III Multinational capital budgeting, cost of capital and capital structure decisions; dividend policy of multinational firm.
UNIT-IV Developments in foreign exchange markets; exchange rate determination; measuring and managing various risks and exposure; country risk analysis; taxation in multinational firms.
Suggested Readings:
1. Madura Jeff, International Financial Management; Thomson Learning
2. Sharan,V., International Financial Management, PHI, New Delhi.
3. Allen Shapiro, Multinational Financial Management, McGraw Hill.
4. Levi, Maurice D., International Finance, McGraw Hill.
5. Apte, P.G., International Financial Management, Tata McGraw Hill.
6. Eiteman, David K., Stonehill, Arthur I., Moffett, Michael H. and Pandey, Alok, Multinational Business Finance, Pearson Education.
Note:
3. One case study be discussed – per unit – in the class.
Instruction for External Examiner: The question paper will have of two sections. Section ‘A’ shall comprise 8 questions (2 questions from each unit). The students will be required to attempt four questions (one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All the five questions will carry equal marks.
International boundaries are blurring therefore MNCs can raise funds from international financial management. The purpose of this paper is to equip the students with financial and investment decision of MNCs.
UNIT-I An overview of multinational financial management; international monetary and financial systems, IBRD and development banks; fiancé in a multination firms; international flow of funds.
UNIT-II International working capital management; international cash management; international receivable management, managing short term assets and liabilities; international capital money markets; euro dollar and currency market; financial market instruments - GDRs, ADRs, Euro issues, CP and ECB.
UNIT-III Multinational capital budgeting, cost of capital and capital structure decisions; dividend policy of multinational firm.
UNIT-IV Developments in foreign exchange markets; exchange rate determination; measuring and managing various risks and exposure; country risk analysis; taxation in multinational firms.
Suggested Readings:
1. Madura Jeff, International Financial Management; Thomson Learning
2. Sharan,V., International Financial Management, PHI, New Delhi.
3. Allen Shapiro, Multinational Financial Management, McGraw Hill.
4. Levi, Maurice D., International Finance, McGraw Hill.
5. Apte, P.G., International Financial Management, Tata McGraw Hill.
6. Eiteman, David K., Stonehill, Arthur I., Moffett, Michael H. and Pandey, Alok, Multinational Business Finance, Pearson Education.
Note:
3. One case study be discussed – per unit – in the class.
Instruction for External Examiner: The question paper will have of two sections. Section ‘A’ shall comprise 8 questions (2 questions from each unit). The students will be required to attempt four questions (one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All the five questions will carry equal marks.
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