Course detail

International Financial Market

FP-mktKAcad. year: 2020/2021

Not applicable.

Learning outcomes of the course unit

The output of the study is to deepen the existing knowledge of the company's entry into international capital markets. By completing the subject, the students will acquire the knowledge needed to decide on the entrance of the company into local and international capital markets, both from the investor and from the issuer of the securities. Emphasis will be put on the procedural aspect of preparing the enterprise for entry to the capital market, the stage of implementation and ex-post evaluation of the effects of public credibility of securities on the company.

Prerequisites

Macroeconomics I, Financial Market.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

VESELÁ, J. Investování na kapitálových trzích. 2. vyd. Praha: Wolters Kluwer ČR, 2011. ISBN 978-80-7357-647-9.
MELUZÍN, T. a M. ZINECKER. IPO – Prvotní veřejná nabídka akcií jako zdroj financování rozvoje podniku. 1. vyd. Brno: Computer Press, 2009. ISBN 978-80-251-2620-2.
MELUZÍN, T., M. ZINECKER a S. ŠKAPA. IPO Strategy - Specific Approaches in the CEE Region. Brno: VUTIUM, 2015. ISBN 978-80-214-5113-1.
MELUZÍN, T., M. ZINECKER a J. ŁAPIŃSKA. Initial public offering: theory and practice of Czech and Polish companies. Toruń: Polish Economic Society, Branch in Toruń, 2012. ISBN 978-83-62049-15-8.

Planned learning activities and teaching methods

The course is taught in the form of lectures, which have the character of interpretation of basic principles and theory of given discipline. Exercise is focused on the practical handling of the material discussed at the lectures.

Assesment methods and criteria linked to learning outcomes

Students will get a credit if they receive at least 10 points out of 20 possible points awarded for processing partial tasks in exercises. The form of the exam is written, and the teacher reserves the right to the oral examination. The maximum number of points in the review is 80 points, and the student must earn at least 40 points. To complete the assessment of the subject, the scores from the exercise and the exam are added up.

Language of instruction

Czech

Work placements

Not applicable.

Course curriculum

Learning outcomes of the course unit The aim of the subject is to deepen the knowledge in the area of ​​the company's entry into international capital markets. By completing the issue, the students will acquire the necessary expertise to decide on the entrance of the company into local and international capital markets, both from the investor and from the issuer of the securities. Emphasis will be put on the procedural aspect of preparing the enterprise for entry to the capital market, the stage of implementation and ex-post evaluation of the effects of public credibility of securities on the company.
1. Definition of international capital markets, participants, their objectives and instruments.
2. Legislation and institutional framework of international capital markets.
3. Forms use for enterprise entry into the capital market.
4. Investing in global capital markets.
5. Issues of securities on capital markets.
6. The strategic approach to Initial Public Offering (IPO).
7. The motivation for IPO implementation. Costs and benefits. The process of IPO implementation.
8. Emission methods and the relationship between the issuer and other IPO participants.
9. Emissions pricing approaches - key models.
10. Possible impacts of IPO - financial and non-financial aspects.
11. The effect of IPO on corporate governance.
12. Methodological issues for realization Initial Return quantification.
13. Empirical research - enterprise and capital market (case studies).

Aims

Learning outcomes of the course unit The aim of the course is to explain the principles of the operation of international capital markets. The secondary objective is to understand the context and interdependence of individual components of the capital market.

Classification of course in study plans

  • Programme MGR-UFRP-KS Master's, 1. year of study, summer semester, 5 credits, compulsory-optional

Type of course unit

 

Guided consultation in combined form of studies

16 hours, optionally

Teacher / Lecturer