Cross-border financial management theory and practice

Author: Li Tao, Yu Zhongfu, He Pinglin (editors)
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Features: The study of financial management of multinational corporations is a systematic and challenging topic. This textbook begins with theoretical research and combines practical case studies, presenting its arguments in five chapters. Chapter 1 is Globalization and Multinational Corporations, introducing the financial environment faced by multinational corporations. Chapter 2 is Multinational Corporations and Foreign Exchange Markets, discussing the spot market, forward contract market, futures market, and options market. Chapter 3 is Foreign Exchange Risk Management of Multinational Corporations, providing an in-depth analysis of transaction risk, operational risk, and translation risk, and elaborating on major risk prevention methods such as the futures market method, forward market method, money market method, currency risk sharing, and currency swaps. Chapter 4 is Investment and Financing Strategies of Multinational Corporations, covering the APV method for capital budgeting, the BOT method for cross-border project financing, and the payment network method for working capital management. Chapter 5 discusses international tax avoidance strategies and transfer pricing issues. This book can serve as a teaching reference for accounting and financial management-related majors in ordinary undergraduate universities, as well as for financial personnel in enterprises engaged in cross-border operations.