Multinational Corporation Financial Management: 7th Edition

Author: C. Shapiro and Jiang Ping (Xia) Shapiro)
Publisher:
Publish Date: 2005-07-01
Features: Overseas enterprises often focus on internal risk management while overlooking the opportunities available to multinational corporations. It is precisely these opportunities that enable multinational corporations to engage in international diversification investments and raise funds at lower costs. This book addresses the aforementioned issues by introducing the environment of financial management for multinational corporations and methods to mitigate risks. From the perspective of multinational corporations, the book discusses fundamental factors influencing corporate decision-making, such as the impact of exchange rate fluctuations and differing inflation rates on currency values, different tax systems, multiple currency markets, segmented capital markets, and political risks, among others. It covers virtually all areas of corporate financial management, including working capital management, capital budgeting, cost of capital, and capital structure. The book emphasizes concepts and practice while avoiding complex quantitative analysis. It incorporates numerous case studies, making the content fresh and comprehensive. It is suitable as a textbook for undergraduate and graduate students, as well as a training manual for bank managers and senior corporate executives.