Fundamentals of Multinational Corporation Finance (Fifth Edition)

Author: (American) Shapiro, Alan, translated by Jiang Ping, Pu Jun
Publisher:
Publish Date: 2006-10-01
Features: Most enterprises 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. Alan Shapiro's Fundamentals of Multinational Corporation Finance (Fifth Edition), revised and reorganized, helps readers 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 corporate finance as a natural and logical extension of the principles of the foundation of corporate finance. New Features of the Book:
· 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 approaches the topic from the perspective of multinational corporations, discussing fundamental factors that influence corporate decisions, such as the impact of exchange rate changes and different inflation rates on currency values, 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, capital cost, 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.