International 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 to elaborate on five chapters. Chapter 1 is Economic 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 a detailed analysis of transaction risk, operational risk, and translation risk, as well as 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, discussing the APV method for capital budgeting, the BOT method for financing multinational projects, and the payment network method for working capital management. Chapter 5 discusses multinational 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 multinational operations.