Case study in international finance (English)

Description

This course provides the concepts and tools necessary to understand finance in an international environment. A special focus will be put on how real options theory can sustain strategic management for international projects. After reminding classical tools to make investment and financial decisions, students will be familiarized with the specific challenges set by international management. They will learn how to deal with exchange rate risk and political risk when implementing an international project.

Compétences visées

After completing this course the students should:

• Understand how to take rigorous financial decisions (to target the optimal capital structure) and seek the relevant information to implement them;
• Know how to evaluate a project using discounted cash flows analysis (FCFF, FCFE)
• Know how to take into account specificities of international project analysis: exchange rate risk and political risk.
• Know how to use financial options.
• Know how to put in practice and evaluate real options
• Understand how real options can sustain strategic management in an international environment.

Discipline(s)

• Sciences économiques

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