THE COURSE DEALS WITH FINANCIAL MANAGEMENT IN AN INTERNATIONAL CONTEXT. INTERNATIONAL FINANCIAL MANAGEMENT STILL CONCERNS WITH THE BASIC ISSUES DISCUSSED AND LEARNED IN ‘DOMESTIC’ FINANCE. HOWEVER, THE DISCUSSION OF THESE ISSUES WILL BE EXTENDED BY TAKING INTO ACCOUNT THE EXTRA DIMENSIONS UNIQUE TO INTERNATIONAL FINANCE. THREE MAJOR DIMENSIONS DISTINGUISH INTERNATIONAL FINANCE FROM DOMESTIC FINANCE. THEY ARE I) FOREIGN EXCHANGE AND POLITICAL RISKS, II) MARKET IMPERFECTIONS, AND III) EXPANDED OPPORTUNITY SETS. FINANCIAL MANAGERS SHOULD LEARN HOW TO MANAGE FOREIGN EXCHANGE AND POLITICAL RISK USING PROPER TOOLS AND INSTRUMENTS, DEAL WITH (AND TAKE ADVANTAGE OF) MARKET IMPERFECTIONS, AND BENEFIT FROM THE EXPANDED INVESTMENT AND FINANCING OPPORTUNITIES. BY DOING SO, FINANCIAL MANAGERS CAN CONTRIBUTE TO SHAREHOLDERS WEALTH MAXIMIZATION, WHICH IS THE ULTIMATE GOAL OF INTERNATIONAL FINANCIAL MANAGEMENT.
- Lecturer: PROFESOR MADYA DR. ZAMRI BIN AHMAD
Skill Level: Beginner