International Corporate Finance (FIN308)
Vietnamese title: Tài chính doanh nghiệp quốc tế
Credits: 3
Prerequisites: FIN202

Description:
This course provides basic knowledge of concepts and analytical techniques in international corporate finance, why MNCs make capital expenditures in productive capacity in foreign lands, how to manage cash in MNCs, and how to apply them to international market transactions nowadays. These include the ability to understand the governance of multinational corporations, and their investing, financing, and risk management decisions in a perspective of maximizing the value to their shareholders.

Learning outcomes:
Discuss the financial operations of a firm within the international environment.
Demonstrate basic understanding of Banking and Money market and types of instruments.
Apply knowledge of interest rate and currency in solving problems in swap operations
Demonstrate basic understanding of the logic and the mechanism of raising the capital, and managing cash and tax by multinational companies
Analyze multinational capital budgeting to enable firms to make informed investment decisions.
Discuss trade financing and countertrade.
Demonstrate the ability to produce a clear oral report and/or academic written report, which follows research ethic, that applies understanding of key concepts in international finance.
Practice ability to interract and cooperate effectively with others in the conduct of business.

Student tasks:
- Students must attend at least 80% of contact slots in order to be accepted to the final examination.
- Student is responsible to do all exercises, assignments given by instructors in class or at home and submit on time
- Use laptop in class only for learning purpose
- Promptly access to the FU CMS at http://flm.fpt.edu.vn for up-to-date course information

Tools:
- Internet

Materials:
description: International Financial Management
author: Jeff Madura
publisher: Cengage Learning
published_date: 2018
edition: 13th
description: The Economist, Financial Times, Global Finance, etc
author: Suggested link:
(1) The Economist: https://www.economist.com
(2) Financial Times: https://www.ft.com/
(3) Global Finance: https://www.gfmag.com/
description: International Financial Management
author: Cheol S. Eun and Bruce G. Resnick
publisher: the McGraw-hill/Irwin, USA
published_date: 2018
edition: 8th
description: International Financial Management
author: Cheol S. Eun and Bruce G. Resnick
publisher: McGraw-hill/Irwin, USA
published_date: 2020
edition: 9th
note: Chọn một trong hai quyển

Assessments:
category: Class participation
type: on-going
weight: 10.0
duration: During the course
question_type: All LOs
knowledge_and_skill: 0
grading_guide: - Individual Attendance: weight 30% of class participation mark
Suggestion: Students must attend more than 80% of contact slots in order to be accepted to the final examination. Any absence will reduce 0.5 point per time.
- Individual Participation in case study discussion sessions. weight 70% of class participation mark
Suggestion: Bonus 0.2-0.5 point per correct/good opinion in case study discussion. Lecturer should add mark rubic when providing case study.
note: in class, by instructor
category: Final essay test
type: on-going
weight: 15.0
duration: 60'
question_type: All LOs
no_question: OP 1: Multiple choices or written questions.Marked by Computer or a suitable formatOP2 (For Constructivism Teach Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:- Multiple choice: 20 to 40 questions;- Problem solving: 1-3 questions.OP2 (For Constructivism Teach Approach only):Follow lecturer's proposal
grading_guide: - Integration of studied knowledge and skills of chapters assigned
- Select from all covered chapters during the course.
note: in class, by instructor
category: Group assignment
type: on-going
weight: 15.0
duration: During the course
question_type: All LOs
no_question: OP 1: Analysis, reports and presentationOP2 (For Constructivism Teach Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:Case studyOP2 (For Constructivism Teach Approach only):Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,
Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
Cover all studied chapters
Any plagiarism will be resulted in a failure of assignment
note: - Guided by instructor
- Example of group assignment: Groups of students are assigned a topic relating to capital budgeting or hedging by diversification or FDI/M&A. Students are expected to write up a professional report that describes their methodology with clear adjustment of their choice of models, findings and discussion and implications. Finally, students need to present their work in class to instructors and other groups. Report are graded to groups and presentation is graded on individual.
category: Individual Assignment
type: on-going
weight: 15.0
duration: During the course
question_type: All LOs
no_question: OP1: Discussion, Analysis, reports OP2 (For Constructivism Teach Approach only) (For Constructivism Teaching Approach only): Questions or Activities proposed by lecturer Teachhh
knowledge_and_skill: OP1:Case studyOP2 (For Constructivism Teach Approach only):Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,
Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
Cover all studied chapters
Any plagiarism will be resulted in a failure of assignment
note: - Guided by instructor
- Examples of assignment design: provide case studies in the textbook prior to practice session of each chapter for discussion and analysis.
category: Mid-term test
type: on-going
weight: 15.0
duration: 45'-60'
question_type: LO1, LO2, LO3, LO4, LO5
no_question: OP 1:Multiple choices or written questions.Marked by Computer or a suitable formatOP2 (For Constructivism Teach Approach only): Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:- Multiple choice: 20 to 40 questions;- Problem solving: 1-3 questions.OP2 (For Constructivism Teach Approach only):Follow lecturer's proposal
grading_guide: - Integration of studied knowledge and skills of chapters assigned
- Chap 1,11,12,13,14,15,16 and 17.
note: in class, by instructor
category: Final exam
type: Final exam
weight: 30.0
duration: 60'
question_type: All LOs
no_question: Multiple choicesMarked by Computer
knowledge_and_skill: 50 multiple questions
grading_guide: All topics, knowledge, skills covered in the classes
note: by exam board,
using computer

Schedule:
session: Course Introduction
learning_outcomes: I
materials: FIN308
session: Chap 1: Globalization and Multinational Corporations
What’s Special about International Finance?
Goals for International Financial Management,
Globalization of the World Economy: Major Trends and Developments
Multinational Corporations
learning_outcomes: T
materials: FIN308
session: Chap 1: Globalization and Multinational Corporations
What’s Special about International Finance?
Goals for International Financial Management,
Globalization of the World Economy: Major Trends and Developments
Multinational Corporations
learning_outcomes: T
session: Chap 11: International Banking and Money Market
International Banking Services
Reason for International Banking
Types of International Banking Offices
Capical Adequacy Standards
International Money Market
International Finance in Practice: The Rotten Heart of Finance
International Debt Crisis
The Asian Crisis
Global Financial Crisis
Case study discussion
learning_outcomes: T
session: Chap 11: International Banking and Money Market
International Banking Services
Reason for International Banking
Types of International Banking Offices
Capical Adequacy Standards
International Money Market
International Finance in Practice: The Rotten Heart of Finance
International Debt Crisis
The Asian Crisis
Global Financial Crisis
Case study discussion
learning_outcomes: T
session: Tutorial: Chap 11
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 11
- Case study discussion
session: Chap 12: International Bond Market
The World's Bond Markets: A Statistical Perspective
Foreign Bonds and Eurobonds
Types of Instruments
International Finance in Practice: SOX and Bonds
Currency Distribution, Nationality, and Type of Issuer
International Bond Market Credit Ratings
International Finance in Practice: Heineken Refreshes
Eurobond Market Structure and Practices
International Bond Market Indexes
Case study discussion
learning_outcomes: T
session: Chap 12: International Bond Market
The World's Bond Markets: A Statistical Perspective
Foreign Bonds and Eurobonds
Types of Instruments
International Finance in Practice: SOX and Bonds
Currency Distribution, Nationality, and Type of Issuer
International Bond Market Credit Ratings
International Finance in Practice: Heineken Refreshes
Eurobond Market Structure and Practices
International Bond Market Indexes
Case study discussion
learning_outcomes: T
session: Tutorial: Chap 12
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 12
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 12
Individual Assignment - Requirement release
learning_outcomes: U
session: Chap 13: International Equity Markets
A Statistical Perspective
Market Structure, Trading Practices, and Costs
Trading in International Equities
International Equity Market Benchmarks
iShare MSCI
Factors Affecting International Equity Returns
International Finance in Practice: Foreign Interest in South Africa Takes
Case study discussion
learning_outcomes: T
session: Chap 13: International Equity Markets
A Statistical Perspective
Market Structure, Trading Practices, and Costs
Trading in International Equities
International Equity Market Benchmarks
iShare MSCI
Factors Affecting International Equity Returns
International Finance in Practice: Foreign Interest in South Africa Takes
Case study discussion
learning_outcomes: T
session: Tutorial: Chap 13
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 13
- Case study discussion
learning_outcomes: U
session: Chap 14: Interest Rate and Currency Swaps
Types of Swaps
Size of the Swap Market
The Swap Bank
Swap Market Quotations
Interest Rate Swaps
Currency Swaps
Variations of Basic Interest Rate and
Currency Swaps
Risks of Interest Rate and Currency Swaps
Is the Swap Market Efficient?
learning_outcomes: T
session: Chap 14: Interest Rate and Currency Swaps
Types of Swaps
Size of the Swap Market
The Swap Bank
Swap Market Quotations
Interest Rate Swaps
Currency Swaps
Variations of Basic Interest Rate and
Currency Swaps
Risks of Interest Rate and Currency Swaps
Is the Swap Market Efficient?
learning_outcomes: T
session: Tutorial: Chap 14
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 14
- Case study discussion
learning_outcomes: U
session: Chap 15: International Portfolio Investment
International Correlation Structure and Risk Diversification
Optimal International Portfolio Selection
Effects of Changes in the Exchange Rate
International Bond Investment
International Mutual Funds: A Performance Evaluation
International Diversification
learning_outcomes: T
session: Chap 15: International Portfolio Investment
International Correlation Structure and Risk Diversification
Optimal International Portfolio Selection
Effects of Changes in the Exchange Rate
International Bond Investment
International Mutual Funds: A Performance Evaluation
International Diversification
learning_outcomes: T
session: Tutorial: Chap 15
- Solve questions and problems;

Individual Assignment Submission
learning_outcomes: U
session: Tutorial: Chap 15
- Practice a portfolio optimization program based on the Markowitz model
learning_outcomes: U
session: Chap 16: Foreign Direct Investment and Cross-Border Acquisitions
Global Trends in FDI
Why Do Firms Invest Overseas?
Cross-Border Mergers and Acquisitions
Political Risk and FDI

Practice: Case study discussion
learning_outcomes: T
U
session: Chap 16: Foreign Direct Investment and Cross-Border Acquisitions
Global Trends in FDI
Why Do Firms Invest Overseas?
Cross-Border Mergers and Acquisitions
Political Risk and FDI

Practice: Case study discussion
learning_outcomes: T
U
session: Tutorial: Chap 16
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 16
- Case study discussion
learning_outcomes: U
session: Chap 17: International Capital Structure and the Cost of Capital
Cost of Capital
Cost of Capital in Segmented versus Integrated Markets
Does the Cost of Capital Differ among Countries?
Cross-Border Listings of Stocks
Capital Asset Pricing under Cross-Listings
The Effect of Foreign Equity Ownership Restrictions
The Financial Structure of Subsidiaries
learning_outcomes: T
session: Chap 17: International Capital Structure and the Cost of Capital
Cost of Capital
Cost of Capital in Segmented versus Integrated Markets
Does the Cost of Capital Differ among Countries?
Cross-Border Listings of Stocks
Capital Asset Pricing under Cross-Listings
The Effect of Foreign Equity Ownership Restrictions
The Financial Structure of Subsidiaries
learning_outcomes: T
session: Chap 17: International Capital Structure and the Cost of Capital
Cost of Capital
Cost of Capital in Segmented versus Integrated Markets
Does the Cost of Capital Differ among Countries?
Cross-Border Listings of Stocks
Capital Asset Pricing under Cross-Listings
The Effect of Foreign Equity Ownership Restrictions
The Financial Structure of Subsidiaries
learning_outcomes: T
session: Tutorial: Chap 17
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 17
- Case study discussion
learning_outcomes: U
session: Mid-term test
learning_outcomes: U
session: Tutorial: Assignement - Guidance
learning_outcomes: U
session: Chap 18: International Capital Budgeting
Review of Domestic Capital Budgeting
The Adjusted Present Value Model
Capital Budgeting from the Parent Firm’s Perspective
Risk Adjustment in the Capital Budgeting Analysis
Sensitivity Analysis
Purchasing Power Parity Assumption
Real Options
learning_outcomes: T
session: Chap 18: International Capital Budgeting (cont.)
Review of Domestic Capital Budgeting
The Adjusted Present Value Model
Capital Budgeting from the Parent Firm’s Perspective
Risk Adjustment in the Capital Budgeting Analysis
Sensitivity Analysis
Purchasing Power Parity Assumption
Real Options
learning_outcomes: T
session: Chap 18: International Capital Budgeting (cont.)
Review of Domestic Capital Budgeting
The Adjusted Present Value Model
Capital Budgeting from the Parent Firm’s Perspective
Risk Adjustment in the Capital Budgeting Analysis
Sensitivity Analysis
Purchasing Power Parity Assumption
Real Options
learning_outcomes: T
session: Tutorial: Chap 18
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 18
- Case study discussion
learning_outcomes: U
session: Chap 19: Multinational Cash Management
The Management of International Cash Balances
Bilateral Netting of Internal and External Net Cash Flows
Reduction in Precautionary Cash Balances
Cash Management Systems in Practice

Practice: Case study
learning_outcomes: T
U
session: Chap 19: Multinational Cash Management
The Management of International Cash Balances
Bilateral Netting of Internal and External Net Cash Flows
Reduction in Precautionary Cash Balances
Cash Management Systems in Practice

Practice: Case study
learning_outcomes: T
U
session: Tutorial: Chap 19
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 19
- Case study discussion - Mini case 1
learning_outcomes: U
session: Tutorial: Chap 19
- Case study discussion - Mini case 2
learning_outcomes: U
session: Chap 20: International Trade Finance
A Typical Foreign Trade Transaction
Forfaiting
Government Assistance in Exporting
International Finance in Practice: First Islamic For faiting Fund Set Up
Countertrade
International Finance in Practice: Armed Forces Tops in Countertrade List
Case study discussion
learning_outcomes: T
session: Chap 20: International Trade Finance
A Typical Foreign Trade Transaction
Forfaiting
Government Assistance in Exporting
International Finance in Practice: First Islamic For faiting Fund Set Up
Countertrade
International Finance in Practice: Armed Forces Tops in Countertrade List
Case study discussion
learning_outcomes: T
session: Tutorial: Chap 20
- Solve questions and problems;
- Case study discussion

Group Assignment Submission
learning_outcomes: U
session: Tutorial: Chap 20
- Case study discussion
learning_outcomes: U
session: Chap 21: International Tax Environment and Transfer Pricing
The Objectives of Taxation
Types of Taxation
National Tax Environments
Organizational Structures
Transfer Pricing and Related Issues

Practice: Case study
learning_outcomes: T
U
session: Chap 21: International Tax Environment and Transfer Pricing
The Objectives of Taxation
Types of Taxation
National Tax Environments
Organizational Structures
Transfer Pricing and Related Issues

Practice: Case study
learning_outcomes: T
U
session: Tutorial: Chap 21
- Solve questions and problems;
- Case study discussion
learning_outcomes: U
session: Tutorial: Chap 21
- Case study discussion
learning_outcomes: U
session: Tutorial: Course Revision
learning_outcomes: T
U
session: Tutorial: Course Revision
learning_outcomes: T
U
session: Final Essay test
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U