International Corporate Finance)Course Syl labus Instructor:Xin Chen Associate Professor in Finance Accounting Shanghai Jiao Tong University Email:xinch@sjtu.edu.cn Textbook and References:Moffett,Michael H..Stonehill,Arthur I.Eiteman.David K.: Fundamentals of Multinational Finance,Third Edition,Prentice Hall Exam:To be determined. BACKGROUND FOR THE COURSE AND RELATIONS TO OTHER COURSES Companies and investors operate today in a global environment.The competitiveness of firms depends on business conditions in other countries.Financial markets are integrated.The integration implies that the investment opportunities,the cost of financing and the risks depend on the development in international bond markets and stock markets.It follows that it is necessary for corporate managers,investors and their financial advisors to have a good understanding of the functioning of international financial markets. The course supplements the introductory bachelor course in finance by adding international perspectives.The course will also relate to and bring in relevant matters from other related topics such as economics,accounting and business strategy. AIM OF THE COURSE It is the general aim of the course to provide the participants with an introductory knowledge of financial decision making in an international perspective. More specifically,the aim of the course is: to introduce the student to the global financial environment in which companies and investors operate to describe international markets for foreign exchange,derivatives,bonds,shares and other assets to provide the student with tools to make risk analyses in connection with transactions in foreign exchange,export and import,international portfolios and foreign direct investments to explain methods and instruments that can be applied by companies and investors in the management of risks related to international financial markets MAIN TOPICS The global financial environment and the alternative internationalization strategies of corporations;The international monetary system;Trading patterns and practices in the foreign exchange market. Determination and forecast of exchange rates on the basis of the theoretical parity conditions, balance of payments analysis and the asset approach as a means of identifying foreign exchange exposure.《International Corporate Finance》Course Syllabus Instructor: Xin Chen Associate Professor in Finance & Accounting Shanghai Jiao Tong University Email：xinch@sjtu.edu.cn Textbook and References：Moffett, Michael H., Stonehill, Arthur I. & Eiteman, David K.: Fundamentals of Multinational Finance, Third Edition, Prentice Hall Exam: To be determined. BACKGROUND FOR THE COURSE AND RELATIONS TO OTHER COURSES Companies and investors operate today in a global environment. The competitiveness of firms depends on business conditions in other countries. Financial markets are integrated. The integration implies that the investment opportunities, the cost of financing and the risks depend on the development in international bond markets and stock markets. It follows that it is necessary for corporate managers, investors and their financial advisors to have a good understanding of the functioning of international financial markets. The course supplements the introductory bachelor course in finance by adding international perspectives. The course will also relate to and bring in relevant matters from other related topics such as economics, accounting and business strategy. AIM OF THE COURSE It is the general aim of the course to provide the participants with an introductory knowledge of financial decision making in an international perspective. More specifically, the aim of the course is: • to introduce the student to the global financial environment in which companies and investors operate. • to describe international markets for foreign exchange, derivatives, bonds, shares and other assets • to provide the student with tools to make risk analyses in connection with transactions in foreign exchange, export and import, international portfolios and foreign direct investments • to explain methods and instruments that can be applied by companies and investors in the management of risks related to international financial markets MAIN TOPICS • The global financial environment and the alternative internationalization strategies of corporations; The international monetary system; Trading patterns and practices in the foreign exchange market. • Determination and forecast of exchange rates on the basis of the theoretical parity conditions, balance of payments analysis and the asset approach as a means of identifying foreign exchange exposure