1. Master of International Business Master Degree Thesis: Possible Areas of Research Alexander Bukhvalov PricewaterhouseCoopers Professor of Finance

2. Alexander Vasilievich Bukhvalov Personal site: http://bukhvalov.som.pu.ruhttp://bukhvalov.som.pu.ru e-mail: bukhvalov@gsom.pu.rubukhvalov@gsom.pu.ru 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.

3. 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.

4. 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.

5. 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).

6. Good Luck!