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2025/2026  DIP-DHDVV3007U  International Business Finance

English Title
International Business Finance

Course information

Language English
Course ECTS 5 ECTS
Type Elective
Level Graduate Diploma
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Graduate Diploma in Business Administration (part 2)
Programme Graduate Diploma in Business Administration (Part 2)
Course coordinator
  • Bent Jørgensen - Department of International Economics, Goverment and Business (EGB)
Study administration for HD IB: hdib@cbs.dk
Main academic disciplines
  • CSR and sustainability
  • Finance
  • Globalisation and international business
Teaching methods
  • Online teaching
Last updated on 27-03-2025

Relevant links

Learning objectives
At the end of the course the student should be able to demonstrate:
  • Understanding and knowledge and being able to illustrate concepts, theories. models and methodologies on international financial markets.
  • Understanding and knowledge of sustainability in international business including requirements to ESG reporting.
  • Understanding and knowledge on concepts and methodologies and the practical toolbox in international working capital management.
  • Understanding and knowledge on the development in the macro economic and impact on the international financial markets. Understanding and knowledge of political risks. Being able to asses contries risk profile
  • Understanding and knowledge on international project finance and being able to show an analytic approach to cash-flow models, net present value and IRR concepts
  • Understanding and knowledge of the companies risk-exposure and financial hedging. Being able to exemplify and use calculations on selected hedging instruments.
  • Comprehension and understanding of the methodology and concept of trade finance. Having knowledge of relevant institutions and be able demonstrate the practical flow in trade finance transaction.
  • The ability to present knowledge generate at the course in structurede, analytical logical form
  • Understanding and being able link theories and methodoloygies to practical company cases.
Course prerequisites
Previous practical business experience will be beneficial. The course will link theory and methodology to specific business cases and hands-on learning on financial business issues.
Examination
International Business Finance:
Exam ECTS 5
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance, see also the rules about examination forms in the programme regulations.
Individual or group exam Individual exam
Size of written product Max. 5 pages
Assignment type Synopsis
Release of assignment Subject chosen by students themselves, see guidelines if any
Duration
Written product to be submitted on specified date and time.
20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-point grading scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter, Synopsis hand-in 8 December, oral exam 15 and 16 December 2025.
For information relating to the exam please go to: https://eksamen.cbs.dk/ (Digital Exam).
Make-up exam/re-exam
Same examination form as the ordinary exam
Synopsis hand-in 19 January, oral exam 28 January 2026.
For information relating to the exam please go to: https://eksamen.cbs.dk/ (Digital Exam).
Course content, structure and pedagogical approach

Business Finance will outline the global financial marketplace and interactions with specific business issuses.  The students will be given an overview of the basic financial toolbox with link on how to solve practical business matters. The course will focus on following subjects:

  • Basic knowledge of the financial toolbox of currency and interest risks including hedging strategies.
  • Understanding of the derivaties futures, options and swaps.
  • Understanding sustainability in international business finance.
  • Structure of financial risk facing companies.
  • Knowlegde of trade finance including key documents in an export transaction.
  • Understanding of foreign direct investment and political risk including assesment of country risk.
  • Knowledge of working capital and tools to reduce bindings in working capital.
  • Understanding of company valuation including knowledge of cash-flow budgeting, net present value and multiples.
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
  • Methodology
  • Models
Research-like activities
  • Data collection
  • Analysis
  • Discussion, critical reflection, modelling
Description of the teaching methods
Class dialogs, break out sessions, cases and quizzes. Student involvement is important to benefit from the course.
Feedback during the teaching period
Spot-on feedback during sessions and during case solving. Teacher will be available after each session for a personal feedback.
Student workload
Class participation 27 hours
Preparation for sessions 40 hours
Exam including presentation 5 hours
Further Information

The course will be delivered online, both live and as recorded:

in week 45 on Tuesday and Thursday (17.10 - 19.45)

in week 46 on Monday (17.10 - 19.45)

in week 47 on Wednesday and Friday (17.10 - 19.45)

in week 48 on Tuesday and Thursday (17.10 - 19.45)

in week 49 on Monday and Tuesday (17.10 - 19.45).

 

Course Coordinator: Bent Jørgensen, bj.egb@cbs.dk 

Teacher: Bent Jørgensen, bj.egb@cbs.dk 

Programme Administrator: Mette Kierkegaard, hdib@cbs.dk

 

 

Expected literature

Multinational Business Finance, fifteenth edition, David Eiteman, Arthur Stonehill and Michael Moffet

Selected slides, presentations etc

Last updated on 27-03-2025