Multinational Business Finance, 14e
Renowned for its authoritative, comprehensive coverage of contemporary international finance, Multinational Business Finance trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets
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Multinational Business Finance, 14e
Renowned for its authoritative, comprehensive coverage of contemporary international finance, Multinational Business Finance trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.
Features
- Chapters on currency derivatives–futures, options and swaps–have been combined.
- Chapters on translation exposure and operating (economic) exposure have been revised to capture the industry’s growing interest and concern over these currency-based company exposures.
- Chapters on the financial structures and capital sourcing strategies employed by multinational firms have been restructured and reorganized for a tighter presentation.
- Nine chapter mini-cases explore the current global financial market’s many challenges, including.
- Crowdfunding in Kenya (Chapter 1)Iceland’s Financial Collapse and the Impossible Trinity (Chapter 2)Global Remittances (Chapter 5)KiKos (Knock-In and Knock-Out) Options and the South Korean Crisis (Chapter 7)Argentina’s Sovereign Debt and the Vulture Funds (Chapter 8)Russia Ruble Roulette. Economic Sanctions and the Oil Price Collapse (Chapter 9)China Noah. A Chinese Firm Managing Indonesian Rupiah Risk (Chapter 10)Apple’s Global iTax Strategy (Chapter 15)Elan and Royalty Pharma. Discounted Cash Flow of Cross-Border Royalty Streams and M and A (Chapter 18)
- A student-friendly writing style combined with a structured presentation of material, beginning with learning objectives for each chapter and ending with a summarization of how those learning objectives were realized.
- A wealth of illustrations and exhibits provide a visual parallel to the concepts and content presented.
- A running case on a hypothetical U.S. based firm, Trident Corporation, provides a cohesive framework for the multifaceted globalization process and is reinforced in several end-of-chapter problems.
Table of Contents
- Part I. Global Financial Environment
- 1. Multinational Financial Management. Challenges and Opportunities
- 2. The International Monetary System
- 3. The Balance of Payments
- 4. Financial Goals and Corporate Governance
- Part II. Foreign Exchange Theory and Markets
- 5. The Foreign Exchange Market
- 6. International Parity Conditions
- Appendix. An Algebraic Primer to Parity Conditions
- 7. Foreign Currency Futures and Options
- Appendix. Foreign Currency Options Pricing Theory
- 8. Interest Rate Derivatives and Swaps
- 9. Exchange Rate Determination and Forecasting
- Part III. Foreign Exchange Exposure10. Transaction Exposure
- Appendix. Complex Option Hedges
- 11. Translation Exposure
- 12. Operating Exposure
- Part IV. Financing the Global Firm
- 13. The Global Cost and Availability of Capital
- 14. Raising Equity and Debt Globally
- Appendix. Financial Structure of Foreign Subsidiaries
- 15. Multinational Tax Management
- 16. International Trade Finance
- Part V. Foreign Investment Decisions
- 17. Foreign Direct Investment and Political Risk
- 18. Multinational Capital Budgeting and Cross-Border Acquisitions
- Answers to select end-of-chapter questions
- Glossary
- Index.
Book | |
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Author | Eiteman |
Pages | 616 |
Year | 2017 |
ISBN | 9789332586079 |
Publisher | Pearson |
Language | English |
Uncategorized | |
Edition | 14/e |
Weight | 1.59 kg |
Dimensions | 20.3 x 25.4 x 4.7 cm |
Binding | Paperback |