Multinational Business Finance, Global Edition

Description
Table of Contents

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 a firm's value, the authors have embedded real-world mini-cases throughout, applying chapter concepts to the types of situations managers of real multinational firms encounter.

The 16th Edition attempts to capture the rapid evolution of our global marketplace. It takes a closer look at the types of organizations that permeate the widespread arena, competition and opportunities in emerging markets. It also examines how financial leadership can integrate the strategic and financial challenges that global businesses face today.

PART I: GLOBAL FINANCIAL ENVIRONMENT

1. Multinational Financial Management: Challenges and Opportunities
2. International Monetary System
3. The Balance of Payments
4. Financial Goals, Corporate Governance and the Market for Corporate Control

PART II: FOREIGN EXCHANGE THEORY & MARKETS

5. The Foreign Exchange Market
6. International Parity Conditions
Appendix: An Algebraic Primer to International Parity Conditions
7. Foreign Currency Derivatives: Futures & Options
Appendix: Currency Option Pricing Theory
8. Interest Rate Risk and Swaps
9. Foreign Exchange Rate Determination & Intervention

PART III: FOREIGN EXCHANGE EXPOSURE

10. Transaction Exposure
Appendix A: Complex Option Hedges
Appendix B: The Optimal Hedge Ratio and Hedge Effectiveness
11. Translation Exposure
12. Operating Exposure

PART IV: FINANCING THE GLOBAL FIRM

13. Global Cost and Availability of Capital
14. Funding the Multinational Firm
15. Multinational Tax Management
16. International Trade Finance

PART V: FOREIGN INVESTMENTS AND INVESTMENT ANALYSIS

17. Foreign Direct Investment & Political Risk
18. Multinational Capital Budgeting & Cross-Border Acquisitions
Answers to select end-of-chapter problems