FINAN504-20A (HAM)

International Corporate Finance

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Nirosha Hewa Wellalage

Nirosha Hewa Wellalage
4196
MSB.2.08
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nirosha.hewawellalage@waikato.ac.nz

Sayeeda Bano

Sayeeda Bano
4931
MSB.2.21
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sayeeda.bano@waikato.ac.nz

Lecturer(s)

Nirosha Hewa Wellalage

Nirosha Hewa Wellalage
4196
MSB.2.08
See Moodle
nirosha.hewawellalage@waikato.ac.nz

Sayeeda Bano

Sayeeda Bano
4931
MSB.2.21
See Moodle
sayeeda.bano@waikato.ac.nz

Administrator(s)

: denise.martin@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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This paper deals with finance subject matters faced by multinational corporations. The paper/course examines exchange rate determination, financial management, international investments, effects on balance of payments, trade and economic growth, international capital budgeting currency derivatives and interest rate swap.

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Paper Structure

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There will be 3-hours of lectures and a 1-hour students presentation and workshop discussions in each week.


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Learning Outcomes

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Students who successfully complete the course should be able to:

  • 1. Explain why firms and nations seek out and benefit from international business activities.
    Linked to the following assessments:
  • 2. Explain the workings of the Global Foreign Exchange Markets.
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  • 3. Measure the impact of exchange rate movements on the cash flows of multinational Corporations (MNCs) and firms.
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  • 4. Identify and implement a variety of different strategies to promote international business/trade
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  • 5.Understanding of these outcomes above requires familiarity with concepts and evidence pertaining to many factors including:

    6. International monetary systems, monetary unions, balance of payments and the policy decisions of many nations;

    7. The reasons why MNC operate in different countries and how and why they move funds;

    8. Distinguishing between the actions taken, indicators reported, their impact on firm's profits and the welfare of people;

    9. The availability and reliability of relevant financial data; and

    10. Evidence from the academic and professional literature.

    Linked to the following assessments:
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Assessment

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To be eligible to pass this paper, students must achieve a minimum 50% for the whole paper.

The Assessment Components with weights are provided in the paper outline.

There is no Final Exam for for this Paper. Students will write a Final Test {Please See Assessment Components}.

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Literature Review
27 Apr 2020
5:00 PM
20
  • Online: Submit through Moodle
2. Individual Assignment
9 Apr 2020
5:00 PM
20
  • Online: Submit through Moodle
3. Research Paper
8 May 2020
5:00 PM
30
  • Online: Submit through Moodle
4. Test
15 Jun 2020
No set time
30
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Madura, Hoque and Krishnamurti, International Financial Management. (2018), Asia-Pacific 1st edition. Cengage.
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Recommended Readings

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Eiteman, Stonehill, Moffett, Multinational Business Finance (12e, 2010). Pearson Global Edition)

Moffett, Stonehill, Eiteman, Fundamentals of Multinational Finance (3e, 2009 Pearson)

Shapiro, Sarin, Foundations of Multinational Financial Management (6e, 2009 Wiley)

Piet Sercu, International Finance: Theory Into Practice (2009, Princeton)

Current issues of Economists, Journal of Portfolio Management, Financial Analysts Journal, Global Finance Journal, Journal of International Money and Finance, and etc.

Carbaugh, Robert (2019). International Economics. Cengage.

Stiglitz J. E. (2002) Globalisation and Its Discontents W.W Norton & Company.

Moncarz, Robert (1995), International Trade and the New Economic Order. Publisher, Pergamon.

Bollard A and M. Thompson (1987).Trans-Tasman Trade and Investment.

Institute of Policy Studies and N.Z.I.E.R. Research Monograph 38.HC621.N4R41 no.38.

Selected Journal Articles,

Bano, Sayeeda and Tabbada, Jose (2015). Foreign Direct Investment Outflows: Asian Countries.

Journal of Economic Integration. Vol 30. No.2. PP 359-398. June 2015.

Bano, S & Scrimgeour, F (2012). The Export Growth and Revealed Comparative Advantage

of the New Zealand Kiwifruit Industry. International Business Research. Vol. 5, No. 2;

DOBRE, Ion (2019). The Implications of Institutional Specification on the income inequalities

Drivers in European Union. Economic Computation and Economic Cybernetics Studies

and Research, Issue 2/2019; Vol. 53.

Martin, D. Philippe (2019). Knowledge transfer models and poverty alleviation in developing countries:

Critical Approaches and Foresight. Third World Quarterly. July 2019, Vol. 40 Issue 7, p1209-1226.

Timothy A. Wunder (2019). Fighting Childhood Poverty: How a Universal Child Allowance

Would Impact the U.S. Population. Journal of Economic Issues. Volume LIII No. 2 June 2019.

Rose, K. A. (1991). Why has trade grown faster than income? Canadian Journal of Economics, 417-427.

The Journal of Economic Literature publishes an index of current articles and new books.

Refer to category F. international Economics, especially,:

F3: International Finance. F4: Macroeconomic Aspects of International Trade and Finance.

The Economist, a weekly magazine published in London, is an excellent source of information.

A list of Journals and Year Books which are dedicated to the publication of international statistics.

They provide up to date data and may be useful for essay, presentation and

Research work as well as background reading.

International Monetary Fund (IMF): Balance of Payments Statistics Yearbook

IMF: International Financial Statistics Year Book.

World Development Report

World Economic Outlook.

Human Development Report

Human Development Report

World Trade Organization (WTO) Annual Reports and Press Release.

UNTAD: Trade Analysis and Information System (TRAINS):

http://www.unctad.org/trains/index.htm

United Nations Website

NZ Statistics: Website

Ministry of Foreign Affairs and Trade (MFAT) website.

New Zealand Journal of Asian Studies

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Other Resources

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Online Support

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Moodle is the official communication platform for this paper. All relevant materials and documents will be uploaded to Moodle in due course. Announcements will be posted on Moodle from time to time to inform you of important notices, updates and other development pertaining to this paper. It is your responsibility to check these Announcements regularly.

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Workload

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Attending weekly lectures and presentation, Discussion questions: ­ 48 Hours

Preparing for the assignment: 62 hours

Preparing for the test and exam, including 3-­5 hours of chapter-­end questions practice each week: ­ 90 hours

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Linkages to Other Papers

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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: FINA504

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