FE7052: International Corporate Finance

Subject FE7052: International Corporate Finance
  1. Choose a country and write a country-level analysis using academic resources and Bloomberg Database. The analysis should cover the following questions:
  • Discuss the contemporary monetary environment of the chosen country (such as monetary history, exchange rate regime, the role of the central bank in the foreign exchange market, and exchange rate crises) and its effects on international trade flows to other economies;
  • Provide an overview of the chosen country’s currency on the foreign exchange market;
  • Debate on the impact of the Covid-19 pandemic on the chosen country’s economy and its currency.
  1. Select a Public Listed Company (plc) where headquarter is located in the above country and write a firm-level analysis by using academic resources and Bloomberg Database. The analysis needs to cover at least three years and for whom firm-level information is available within the Bloomberg Database. The analysis should cover the following questions:
  • Use Bloomberg Functions to find out the capital structure of the chosen company and discuss the cost of capital and its implications on the value of the firm;
  • Trace the change of share/bond price and illustrate the risk and return of the company in the market;
  • Identify a piece of related news and (e.g., using economic and financial theory) explain its impact on the share/bond price;
  • Analyse the relationship between the performance of the chosen company and a relevant market benchmark index (e.g., FTSE100 Index) over the sample period (The use of quantitative techniques will merit more marks);
  • Provide economic insights on the chosen company and its future.
  1. Provide a self-reflection on the case study of ‘Equity Valuation & Analysis’ (Source: Bloomberg Market Concept E-learning). The case study explores the reasoning behind and the disadvantages of the three theoretical equity valuation models. Comment and provide your perspectives on it.