International Financial Management - (Second Edition)

Author: Wang Jianying
Publisher:
Publish Date: 2007-01-01
Features: As a supplementary textbook for the course "International Financial Management," this book guides readers into the field of financial management in international operations, presenting to them the expansion and enrichment of corporate financial management activities in both macro and micro environments of international business. Through studying this book, readers can understand and learn to manage various foreign exchange risks, become familiar with the more diverse financing instruments and greater investment opportunities provided by international financing and investment markets, grasp the risks involved and methods to control them, accurately calculate the costs of international financing, and evaluate the value of investment opportunities. The content on international working capital management, transfer pricing, and international tax management introduced in this book enables readers to objectively understand the significance of such financial management practices and master the necessary management techniques. The section on international settlement teaches readers the basic knowledge of international trade settlement, while international financial reporting and financial analysis provides them with the fundamental knowledge and methods to interpret financial reports and evaluate corporate performance in international contexts. Internationalization presents businesses with more opportunities to generate cash flow but also brings greater risks of cash flow volatility. Financial management must constantly weigh and navigate these opportunities and risks to achieve the goal of maximizing value, which is the overarching theme of this book. This book can serve as a supplementary textbook for undergraduate students in finance, accounting, and related fields, as well as a reference or supplementary reading for MBA and MPAcc students pursuing advanced courses in these areas.