International Financial Management

2024/2025

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Financial Management

Course type:

Compulsory course

When:

1 year, 1, 2 module

Instructor

Sobolev, Vladimir

Course Syllabus

Abstract

Firstly this course is aimed to explain future managers fundamental principles of value creation and how business analytics is used for financial decisions and performance management. It is targeted to understanding economic links in the business and identification of potential value drivers. The course includes elements of corporate finance, management accounting, information technologies and strategy. During the course students will deal with cash flow modelling, calculation of cost of capital, growth estimation, setting KPIs and metrics. Secondly this course support managers in building internal processes within organisation implementing descriptive analytics in performance management, predictive analytics in forecasting business KPIs, prescriptive analytics in capital projects decisions.

Learning Objectives

• The key aim of the course is to provide students with knowledge and skills in taking corporate financial and investment decisions, develop analytic instruments to assess the effectiveness and efficiency of such decisions, elaborate models of corporate financial management.
• The main goal of this course is to bring students through value creation process in commercial organisations and show how business analytics applies in financial decisions and performance management which are aimed to maximise shareholders value.

Expected Learning Outcomes

• Students are able to calculate the cost of capital, to analyze empirical data that determines risk factors; to build long-term and short-term financial models, describe the company's growth; to understand the principles of the credit policy of the company, the relationship of long-term and short-term decisions and their impact on the company’s value; to perform the company’s valuation based on different approaches.
• Students have knowledge in modern concepts of corporate finance; principles of the corporate financial policy; principles of investment decision-taking; methods of project efficiency measurement; basic principles of valuation; models of valuation.

Course Contents

• Introduction and Valuation Principle
• Valuing Investments and the Company
• Portfolio Theory
• Capital Structure
• Mergers and Acquisitions
• Financial and Real Options

Assessment Elements

• Case studies work
• Final individual closed-book exam
  Итоговый экзамен будет проведен с использованием онлайн-инструментов в формате автоматической проверки в компьютерном классе НИУ ВШЭ (SmartLMS в присутствии преподавателя)
• Homework

Interim Assessment

• 2024/2025 2nd module
  0.15 * Case studies work + 0.15 * Case studies work + 0.4 * Final individual closed-book exam + 0.15 * Homework + 0.15 * Homework

Bibliography

Recommended Core Bibliography

• Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.

Recommended Additional Bibliography

• Richard Brealey, Stewart Myers, & Franklin Allen. (2020). ISE EBook Online Access for Principles of Corporate Finance: Vol. Thirteenth edition. McGraw-Hill Education.

Authors

• SOBOLEV VLADIMIR VLADIMIROVICH
• Маханева Екатерина Александровна
• Кудаев Мухамед Муратович