International Financial Management Theory and Practice

Author: Li Tao
Publisher:
Publish Date: 2007-01-01
Features: The study of financial management in multinational corporations is a systematic and challenging topic. This textbook begins with theoretical research and combines practical case studies to elaborate on the subject in five chapters. Chapter 1 is Global Economic Integration and Multinational Corporations, which introduces the financial environment faced by multinational corporations. Chapter 2 is Multinational Corporations and Foreign Exchange Markets, discussing spot markets, forward contract markets, futures markets, and options markets. Chapter 3 is Foreign Exchange Risk Management of Multinational Corporations, providing an in-depth analysis of transaction risk, operational risk, and translation risk, as well as elaborating on major risk prevention methods such as futures market hedging, forward market hedging, money market hedging, currency risk sharing, and currency swaps. Chapter 4 is Financing and Investment 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 covers tax avoidance strategies for multinational corporations and transfer pricing issues. This book can serve as a teaching reference for accounting and financial management-related majors in ordinary undergraduate universities and can also be used as a reference for financial personnel engaged in multinational operations.