Synopses & Reviews
A CLEAR STRATEGY FOR SUCCESS IN INTERNATIONAL FINANCE!Learn how to take advantage of valuable opportunities in international finance with Alan Shapiro's FOUNDATIONS OF MULTINATIONAL FINANCIAL MANAGEMENT FOURTH EDITION. Based on his best-selling text, Multinational Financial Management, Sixth Edition, FOUNDATIONS emphasizes broad concepts and practices rather than extensive quantitative material. Shapiro provides a clear, conceptual framework for analyzing key financial decisions in multinational firms.
Updated, reorganized, and streamlined, the new Fourth Edition features many new solved numerical examples, new end-of-chapter problems and questions, and three new extended real-life cases.
FEATURES
- Treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.
- Extends the valuation framework of domestic corporate finance to account for dimensions unique to international finance.
- Explores all the traditional areas of corporate finance from the perspective of a multinational corporation, including working capital management, capital budgeting, cost of capital, and financial structure.
- Focuses on decision making in an international context.
- Offers a variety of real-life examples, both numerical and institutional, that demonstrate the use of financial analysis and reasoning in solving international financial problems.
Synopsis
All too often, companies focus on the threats and risks inherent in venturing abroad. But multinational firms actually have unique opportunities that are not available to purely domestic firms. Now updated, revised, and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 5/ewill help you take advantage of these valuable opportunities. Foundationsemphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.
Synopsis
Take advantage of opportunities in multinational finance!All too often, companies focus on the threats and risks inherent in venturing abroad. But multinational firms actually have unique opportunities that are not available to purely domestic firms.
Now updated, revised, and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 5/ewill help you take advantage of these valuable opportunities. Foundationsemphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.
New Features
- Expanded discussion of China, its new role in the world economy, and its various economic policies, such as its weak yuan exchange rate policy.
- Mini-cases (at least one per chapter) and two new extended cases.
- Many new solved numerical problems, which illustrate the application of the various concepts and techniques presented in the text, as well as new end-of-chapter problems.
- Many new charts and illustrations of corporate practice that are designed to highlight specific techniques or teaching points.
- Numerous questions and problems at the end of each chapter, most of which are based on up-to-date information and real-life situations.
Synopsis
Focused on real-life decision making in an international context, this text demystifies and simplifies multinational financial management in a clear, conceptual framework. The approach is to treat international financial management as a natural and logical extension of the principles and valuation framework provided by domestic corporate financial management to account for dimensions unique to international finance.
Table of Contents
Introduction: Multinational Enterprise and Multinational Financial Management.
ENVIRONMENT OF INTERNATIONAL FINANCIAL MANAGEMENT
The Determination of Exchange Rates.
The International Monetary System.
The Balance of Payments and International Economic Linkages.
Country Risk Analysis.
The Foreign Exchange Market.
Currency Futures and Options Markets.
Parity Conditions in International Finance and Currency Forecasting.
FOREIGN EXCHANGE RISK MANAGEMENT.
Measuring Accounting Exposure.
Managing Accounting Exposure.
Measuring and Managing Economic Exposure.
FINANCING FOREIGN OPERATIONS.
International Financing and International Financial Markets.
Special Financing and Interest Rate Risk Management Vehicles.
The Cost of Capital for Foreign Investments.
FOREIGN INVESTMENT ANALYSIS.
International Portfolio Investment.
Corporate Strategy and Foreign Direct Investment.
Capital Budgeting for the Multinational Corporation.
MULTINATIONAL WORKING CAPTIAL MANAGEMENT.
Financing Foreign Trade.
Current Asset Management and Short Term Financing.
Managing the Multinational Financial System.
Glossary.
Index.