Visualisation plan de cours
2026 / 2027
EM3E5M12
Advanced International Finance
Programme
PGE PGE5 Finance
Semestre
A
Coefficient
3
Volume horaire
Face à face : 20 H
Travail personnel indicatif : 40 H
Discipline
Finance
Nombre de places
45
Cours ouvert aux étudiants visitants
Oui
Langue d'enseignement
Anglais
Responsable
OTT
Liste des intervenants
| Intervenant(s) | Volume horaire | ||
|---|---|---|---|
| Christian OTT | christian.ott@em-strasbourg.eu | 20 h CM |
Discipline
Finance
Descriptif
The course aims to provide future Chief Financial Officers and financial managers of multinational companies with analytical tools for making sound financial decisions in an international business environment. It introduces the key equilibrium relationships between inflation rates, interest rates, and exchange rates that form the basis of international financial management. It examines the short-, medium- and long-term financing options for a multinational company. It analyzes international investment opportunities.MAC
Développer une vision stratégique et managériale dans un contexte incertain/Develop a strategic and managerial vision in
13 ECTS
Contribution pédagogique du cours au programme
Develop impactful management using the latest knowledge and tools in the fields of management |
|---|
| Determine a strategic and managerial vision in a complex, uncertain and changing environment |
| Evaluate sustainable managerial practices using managerial concepts and instruments as well as digital tools |
| Design solutions adapted to organizational problems by applying relevant methodologies |
Develop advanced managerial skills for responsible leadership |
| Recommend critical decision making to drive change in organizations |
Practice impactful management in a multicultural and international environment, driven by a "European mindset" |
| Communicate in a professional context in (foreign) languages, in writing and/or orally |
| Formulate solutions to organizational challenges in a multicultural and international context, driven by a "European mindset" |
Organisation pédagogique
Face-to-face
- Lectures- Tutorials
In group
- Exercises- Case studies/texts
Interaction
- Discussions/debates- Games (educational, role play, simulation)
Objectifs pédagogiques - COGNITIVE DOMAIN
A l'issue du cours, l'étudiant(e) devrait être capable de / d'...
- analyze the international environment of a multinational company’s financial decisions
- analyze international investment opportunities
- evaluate the key equilibrium relationships between exchange rates, inflation rates, and interest rates
- assess short-, medium- and long-term financing options for multinational companies
- evaluate the benefits and risks from a multinational company’s financial decisions
- integrate different tools of international financial management to support a multinational company’s financial decisions
Objectifs pédagogiques — Objectifs de développement durable (ODD)
ODD portés par la politique RSO de l'EM.
Plan / Sommaire
1. Multinational companies and their environment
1.1. Globalization: International trade and capital flows
1.2. Multinational companies
1.3. Risk factors
2. Currency exchange rates
2.1. Currency exchange markets
2.2. Monetary System, monetary and fiscal policy
2.2. Parity conditions: Currency exchange rates, inflation rates, and interest rates
2.3. Currency management
3. Financing decisions of multinational companies
3.1. International long-term financing
3.2. International short- and medium-term financing
4. Investments decisions of multinational companies
4.1. Financial model
4.2. Valuation and investment decision
1.1. Globalization: International trade and capital flows
1.2. Multinational companies
1.3. Risk factors
2. Currency exchange rates
2.1. Currency exchange markets
2.2. Monetary System, monetary and fiscal policy
2.2. Parity conditions: Currency exchange rates, inflation rates, and interest rates
2.3. Currency management
3. Financing decisions of multinational companies
3.1. International long-term financing
3.2. International short- and medium-term financing
4. Investments decisions of multinational companies
4.1. Financial model
4.2. Valuation and investment decision
Prérequis nécessaires
Connaissances en / Notions clés à maîtriser
This course builds on the basic concepts and methods of accounting and finance (e.g., net present value, cost of capital).Supports pédagogiques
Mandatory tools for the course
- Computer- Calculator
- Mandatory textbook/book :
Documents in all formats
- Case studies/textsMoodle platform
- Upload of class documentsSoftware
- Other : Alternative spreadsheet software (e.g., Google Sheets)Manuels/ouvrages obligatoires
Bekaert, G. and Hodrick, R. (2018): International Financial Management (3rd ed.). Cambridge: Cambridge University Press.Shapiro, A. C., Hanouna, P., and Sarin, A. (2024): Multinational Financial Management (12th ed.). Hoboken: Wiley.
Adossement à la recherche
Ce cours est adossé à la recherche.
- Research-led (par les contenus)Le cours mobilise des connaissances issues de la recherche académique récente.
Travaux de recherche de l'EM
Ott, C. (2020): The risks of mergers and acquisitions—Analyzing the incentives for risk reporting in Item 1A of 10-K filings. In: Journal of Business Research, Vol. 106, pp. 158-181.Modalités d'évaluation
Liste des modalités d'évaluation
Evaluation intermédiaire / contrôle continu 1
autre
Modalités de feedback
Collectif
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE
Evaluation finale 2
autre
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE, ILO2.2-PGE
Seconde chance
autre
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE, ILO2.2-PGE