Multinational Financial Management, 11th Australia and New Zealand Edition

ISBN: 9781119715979

The eleventh edition of Multinational Financial Management is a comprehensive survey of the essential areas of the international financial market environment, including foreign exchange and derivative markets, risk management, and international capital markets and portfolio investment. Designed for upper-level undergraduate and masters-level courses in international finance and management, this textbook offers readers a conceptual framework for analysing key financial decisions of multinational firms. The authors both explain and simplify multinational financial management by illustrating how its basic principles share the same foundation as domestic corporate finance.

Assuming no prior knowledge of international economics or finance, this substantially revised new edition builds upon the fundamental principles of domestic financial management to examine the unique dimensions of international finance. Readers are presented with a solid theoretical knowledgebase for examining decision problems, as well as practical analytical techniques that clarify the often-ambiguous guidelines used by international financial executives. All the traditional areas of corporate finance are explored from the perspective of a multinational corporation, focusing on elements rarely encountered in domestic finance such as multiple currencies, segmented capital markets, and political risks of nationalisation or expropriation.

Features

  • Provides numerous real-world examples of applications of financial concepts and theories.
  • Focuses on corporate practice and the issues, tools, and techniques used in day-to-day financial decision making.
  • Features action-oriented learning objectives, mini-cases, key term definitions, end-of-chapter questions and problems related to actual companies and situations, and links to online resources that address chapter content.
Alan C. Shapiro
Paul Hanouna
Part I: The International Financial Management Environment
Chapter 1. Introduction: Multinational Corporations and Financial Management
Chapter 2. The Determination of Exchange Rates
Chapter 3. The International Monetary System
Chapter 4. Parity Conditions in International Finance and Currency Forecasting
Chapter 5. The Balance of Payments and International Economic Linkages

Part II: The Foreign Exchange and Derivative Markets
Chapter 6. The Foreign Exchange Market
Chapter 7. Currency Futures and Options Markets
Chapter 8. Currency, Interest Rate, and Credit Derivatives and Swaps

Part III: Foreign Exchange Risk Management
Chapter 9. Measuring and Managing Translation and Transaction Exposure
Chapter 10. Measuring and Managing Economic Exposure

Part IV: The International Capital Markets and Portfolio Management
Chapter 11. International Financing and National Capital Markets
Chapter 12. The Euromarkets
Chapter 13. International Portfolio Management

Part V: International Capital Budgeting
Chapter 14. Country Risk Analysis
Chapter 15. The Cost of Capital for Foreign Investments
Chapter 16. Corporate Strategy and Foreign Direct Investment
Chapter 17. Capital Budgeting for the Multinational Corporation
Chapter 18. Managing the Internal Capital Markets of Multinational Corporations

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E-Text: 9781119715993
Textbook: 9781119715979