Foundations of Multinational Financial Management, Fifth Edition
December 2006, ©2006
Now updated and reorganized, Alan Shapiro's Foundations of Multinational Financial Management, 5/e, emphasizes 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. Thus, it builds on and extends the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance.
The text is primarily intended for an undergraduate audience; but it is suitable for use in masters-level courses when there is not time to cover the full range of topics. This text assumes no prior knowledge of international finance.
PART I: ENVIRONMENT OF INTERNATIONAL MANAGEMENTS.
Chapter 1. Introduction: Multinational Enterprise and Multinational 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.
Chapter 6. Country Risk Analysis.
PART II: FOREIGN EXCHANGE AND DERVIATIVES MARKETS.
Chapter 7. The Foreign Exchange Market.
Chapter 8. Currency Futures and Options Markets.
Chapter 9. Swaps and Interest Rate Derivatives.
PART III: FOREIGN EXCHANGE RISK MANAGEMENT.
Chapter 10. Measuring and Managing Translation and Transaction Exposure.
Chapter 11. Measuring and Managing Economic Exposure.
PART IV: FINANCING THE MULTINATIONAL CORPORATION.
Chapter 12. International Financing and National Capital Markets.
Chapter 13. The Euromarkets.
Chapter 14. The Cost of Capital Foreign Investments.
PART V: FOREIGN INVESTMENT ANALYSIS.
Chapter 15. International Portfolio Investment.
Chapter 16. Corporate Strategy and Foreign Direct Investment.
Chapter 17. Capital Budgeting for the Multinational Corporation.
PART VI: MULTINATIONAL WORKING CAPITAL MANAGEMENT.
Chapter 18. Financing Foreign Trade.
Chapter 19. Current Asset Management and Short-Term Financing.
Chapter 20. Managing the Multinational Financial System.
- The text has been updated and reorganized including a new Part II, titled Foreign Exchange and Derivative Markets.
- New mini-cases (at least one per chapter) with questions for students to answer.
- Two additional longer cases:
- Will Argentina Devalue Its Peso?--a look at the factors that would enter into a forecast of peso devaluation
- Xerox Miscopies Foreign Interest Rate Data--an exploration of the problems Xerox has had in recording revenues from foreign affiliates and valuing their lease receivables.
- Many new solved numerical problems, as well as additional questions and problems at the end of each chapter.
- New charts and illustrations of corporate practice.
- More coverage of China, its new role in the world economy, and its various economic policies, such as its weak yuan exchange-rate policy.
- All the traditional areas of corporate finance are explored—working capital management, capital budgeting, cost of capital, and financial structure—from the perspective of a multinational corporation.
- Foundations focuses on decision making in an international context.
- This text 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.
- Wiley E-Texts are powered by VitalSource and accessed via the VitalSource Bookshelf reader, available online and via a downloadable app.
- Wiley E-Texts are accessible online and offline, and can be read on a variety of devices, including smartphones and tablets.
- Wiley E-Texts are non-returnable and non-refundable.
- Wiley E-Texts are protected by DRM. For specific DRM policies, please refer to our FAQ.
- WileyPLUS registration codes are NOT included with any Wiley E-Text. For informationon WileyPLUS, click here .
- To learn more about Wiley E-Texts, please refer to our FAQ.
- E-books are offered as e-Pubs or PDFs. To download and read them, users must install Adobe Digital Editions (ADE) on their PC.
- E-books have DRM protection on them, which means only the person who purchases and downloads the e-book can access it.
- E-books are non-returnable and non-refundable.
- To learn more about our e-books, please refer to our FAQ.