Fundamentals of Multinational Corporation Finance - (5th Edition)

Author: Dr. Alan C. Shapiro (United States/American)
Translator: Jiang Pingpu Jun
United States / United States
Publisher:
Publish Date: 2006-10-01
Features: Most companies focus on the inherent risks of overseas investment and fear it, while overlooking the fact that multinational corporations actually have more opportunities than purely domestic companies. Dr. Alan Shapiro's Fundamentals of Multinational Corporate Finance (5th Edition) is a revised and reorganized new edition of this book, helping readers to leverage these valuable opportunities. The book emphasizes broader concepts and practices in multinational corporate finance and provides a basic framework for analyzing key financial decisions. It views international financial management as a natural and logical extension of the principles of financial management fundamentals. The new features of this book are as follows:
◎ Increased discussion on China, such as its new role in the global economy and economic policies like exchange rate policies.
◎ Added mini-cases in many chapters.
◎ Added numerous exercises to demonstrate the application of different concepts and techniques in the book.
◎ Designed and arranged many new case studies of companies to highlight key issues and teaching points.
◎ Each chapter includes a large number of discussion questions and exercises, most of which are based on new information and real-world scenarios.
The book discusses basic factors affecting corporate decisions from the perspective of multinational corporations, such as the impact of exchange rate changes and different inflation rates on currency value, different tax systems, multiple currency markets, segmented capital markets, and political risks, among others. It covers almost all areas of corporate finance, including working capital management, capital budgeting, cost of capital, and capital structure. The book emphasizes concepts and practices while avoiding tedious quantitative analysis, combining numerous case studies to make 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.