Multinational Finance - Hardcover

Butler, Kirt

Hardcover

ISBN 10: 0324004508 ISBN 13: 9780324004502

Publisher: South-Western, 2000

Synopsis

Intended for MBA and advanced undergraduate classes, this text requires only an introductory course in finance. The author, a professor of finance at Michigan State U., addresses basic issues of multinational finance including foreign exchange and exchange rate determination, the multinational corp

About this title

Review

PART 1: OVERVIEW AND BACKGROUND. 1. An Introduction to Multinational Finance. 2. World Trade and the International Monetary System. PART 2: THE INTERNATIONAL FINANCIAL ENVIRONMENT. 3. International Financial Markets. 4. Foreign Exchange Eurocurrencies, and Currency Risk Management. 5. The International Parity Conditions. PART 3: DERIVATIVE SECURITIES FOR CURRENCY RISK MANAGEMENT. 6. Currency Futures and Futures Markets. 7. Currency Options and Options Markets. 8. Currency Swaps and Swaps Markets. PART 4: MANAGING THE RISKS OF MULTINATIONAL OPERATIONS. 9. The Rationale for Hedging Currency Risks. 10. Multinational Treasury Management. 11. Managing Transaction Exposure to Currency Risk. 12. Managing Operating Exposure to Currency Risk. 13. Managing Translation Exposure to Currency Risk. 14. Country Risk Management. PART 5: VALUATION AND THE STRUCTURE OF MULTINATIONAL OPERATIONS. 15. Cross-Border Capital Budgeting. 16. Multinational Capital Structure and Cost of Capital. 17. Taxes and Multinational Corporate Strategy. 18. Real Options and Cross-Border Investment. 19. Corporate Governance and the International Market for Corporate Control. PART 6: INTERNATIONAL PORTFOLIO INVESTMENT AND ASSET PRICING. 20. International Portfolio Diversification. 21. International Asset Pricing. 22. Managing an International Investment Portfolio.

From the Back Cover

Multinational Finance assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country. The text provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the algebra and terminology to the general principles of multinational financial management. Multinational Finance includes coverage of traditional topics such as foreign exchange and Eurocurrency markets, multinational treasury management, management of currency risk exposures (transaction, operating, and translation), country risk, multinational capital structure and cost of capital, taxation of foreign source income, and international portfolio diversification. Also included are distinctive chapters on the economic rationale for hedging currency risks, derivatives markets (with separate chapters on currency futures, options, and swaps), real options in international markets, international corporate governance, and international asset pricing. Intended for MBA and advanced undergraduate classes, the text requires only a single preparatory course in finance. Chapters that extend material from the first course begin with a brief review of the fundamentals. Numerous graphs and figures assist the reader in understanding key financial concepts and techniques are used in practice. Advanced material is placed in chapter appendices, so that study can be tailored to each individual′s objectives.

Edition details

• Publisher: South-Western
• Publication date: 2000
• Language: English
• ISBN 10: 0324004508
• ISBN 13: 9780324004502
• Binding: Hardcover
• Edition number: 2
• Number of pages: 608