Multinational Corporation Finance

Author: Wang Meihan / Wang Fangming, Editor-in-Chief
Publisher:
Publish Date: 2005-01-01
Features: This book is one of the key textbooks for higher education institutions in Zhejiang Province and has been supported by the Zhejiang Provincial Department of Education and the Textbook Publishing Fund of Zhejiang University of Finance and Economics. The book discusses the financial management of multinational corporations. In the context of rapid economic globalization, multinational corporations, as the main carriers of globalization, hold a dominant position in the world economy. Leveraging their strong assets, advanced technology, outstanding research and development capabilities, renowned brands, comprehensive marketing and market systems, scientific human resource development, high-quality talent, and rigorous and efficient organizational management, multinational corporations implement global strategic investments, conduct cross-border, cross-regional, and cross-industry operations, promote the optimal allocation of global resources, and increasingly integrate the world economy. Today's multinational corporations can be said to be wealthy enough to rival nations and are important pillars of the world economy. Although companies like Enron in the United States have repeatedly exposed financial scandals in recent years, casting a shadow over the financial management of multinational corporations, they ultimately could not escape the consequences of the market. The structural framework of the multinational corporate finance studied in this book focuses on three major financial decisions: global strategic financial management, investment, financing, and distribution. It also includes the mechanisms, content, forms, and regularities of financial leverage, financial and capital structure, and other aspects that are essential for multinational corporations to conduct scientific operations and financial decision-making, thereby enhancing their international competitiveness. In line with textbook writing requirements, learning objectives are listed at the beginning of each chapter, and summaries are provided at the end of each chapter, summarizing the basic concepts, principles, and knowledge of the chapter, along with review questions.