Synopsis
Integrating the economic and political factors underlying exchange rate determination, this volume focuses on the development of global strategies of multinational corporations and provides a means of analyzing foreign investments. New to the sixth edition are chapters on: the origins and consequences of international trade; late-1990s asset management; and international banking trends and strategies. Also included is an extensive discussion of the Asian currency crisis in 1997-1998.
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From the Back Cover
International business activity is not new. The transfer of goods and services across national borders has been taking place for thousands of years, antedating even Joseph s advice to the rulers of Egypt to establish that nation as the granary of the Middle East. Since the end of World War II, however, international business has undergone a revolution out of which has emerged what is probably the most important economic phenomenon of the latter half of the 20th century: the multinational corporation. The sixth edition of Multinational Financial Management provides the conceptual framework within which key financial decisions of the multinational firm can be analyzed. The emphasis throughout the book is on taking advantage of being a multinational corporation. Using real–world examples and illustrations of corporate practices, the text demonstrates to students the value of making judgments with a solid theoretical foundation. Beyond the traditional coverage of corporate finance, key elements including multiple currency, exchange rates, differing tax systems, and political risks such as nationalization and expropriation are explored. New to This Edition
- Extensive discussion of the Asian currency crisis
- Examination of international differences in corporate governance
- Exploration of the eurocurrency
- Additional coverage of the European Monetary Union
- Completely updated real–world examples that provide actual applications of financial concepts and theories
- New cases and end–of–chapter problems
About the Author
Alan C. Shapiro, University of Southern California
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