Master of International Business

Master Degree Thesis:

Possible Areas of Research

Alexander Bukhvalov

PricewaterhouseCoopers Professor of Finance

Alexander Vasilievich Bukhvalov

Personal site: http://bukhvalov.som.pu.ru

e-mail: [email protected]

I will be happy to supervise students with the strong motivation for doing research, who also are planning to continue their studies at Ph.D. level.

Real Options

 Uncertainty  Rigidity vs. Flexibility  Two Faces of Risk: Danger and Opportunity Example from IB:

Mode of Entry

into a foreign market Techniques: real cases, stylized cases, binary trees, strategy choice Pre-requisite: Brealey & Myers. Principles of Corporate Finance. 7/8e. Chapters 20-22.

International Finance 1

 Use of Derivatives to reduce international exposure Example from IB: what happens when a US company, which produces in US but sells in Europe, hedges USD against Euro while sales in Europe are uncertain?

Techniques: cases, binary trees.

Pre-requisite: Brealey & Myers. Principles of Corporate Finance. 7/8e. Chapters 20-22.

International Finance 2

 International Valuation: return on foreign equity, various hypotheses testing Example from IB: what happens with a Russian company capitalization when RTSI goes up, DJIA goes down, and the company has ADRs traded?

Techniques: data mining and processing (Excel, regressions), basic econometrics.

Pre-requisite: Dougherty. Introduction to Econometrics. 2e (excluding chapters 9-11).

Good Luck!