Multinational business finance

Multinational business finance

For courses in international finance. Authoritative, comprehensive coverage of contemporary international finance Renowned for its authoritative, comprehensive coverage of contemporary international finance, Multinational Business Finance trains the leaders of tomorrow's multinational enterpris...

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Detalles Bibliográficos
Autor principal: David K. Eiteman (-)
Otros Autores: Eiteman, David K., author (author), Stonehill, Arthur I., author, Moffett, Michael H., author
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson [2021]
Edición:Fifteenth, global edition
Materias:
International business enterprises > Finance.
Libros electrónicos.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009670138206719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright Page
  • Preface
  • About the Authors
  • Brief Contents
  • Contents
  • PART 1 Global Financial Environment
  • Chapter 1 Multinational Financial Management: Opportunities and Challenges
  • 1.1 The Global Financial Marketplace
  • 1.2 The Theory of Comparative Advantage
  • 1.3 What Is Different about International Financial Management?
  • 1.4 The Globalization Process
  • Summary Points
  • Mini-Case: Crowdfunding Kenya
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 2 The International Monetary System
  • 2.1 History of the International Monetary System
  • 2.2 Fixed Versus Flexible Exchange Rates
  • 2.3 The Impossible Trinity
  • 2.4 A Single Currency for Europe: The Euro
  • 2.5 Emerging Markets and Regime Choices
  • Summary Points
  • Mini-Case: The Internationalization (or Not) of the Chinese Renminbi
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 3 The Balance of Payments
  • 3.1 Fundamentals of BOP Accounting
  • 3.2 The Accounts of the Balance of Payments
  • 3.3 BOP Impacts on Key Macroeconomic Rates
  • 3.4 Trade Balances and Exchange Rates
  • 3.5 Capital Mobility
  • Summary Points
  • Mini-Case: Global Remittances
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 4 Financial Goals and Corporate Governance
  • 4.1 Business Ownership
  • 4.2 Publicly Traded Versus Privately Held: The Global Shift
  • 4.3 Corporate Governance
  • Summary Points
  • Mini-Case: Volkswagen's Defeat Devices and Stakeholder Control
  • Questions
  • Problems
  • Internet Exercises
  • PART 2 Foreign Exchange Theory and Markets
  • Chapter 5 The Foreign Exchange Market
  • 5.1 Functions of the Foreign Exchange Market
  • 5.2 Structure of the Foreign Exchange Market
  • 5.3 Transactions in the Foreign Exchange Market
  • 5.4 Foreign Exchange Rates and Quotations
  • Summary Points
  • Mini-Case: The Venezuelan Bolivar Black Market.
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 6 International Parity Conditions
  • 6.1 Prices and Exchange Rates
  • 6.2 Interest Rates and Exchange Rates
  • 6.3 Forward Rate as an Unbiased Predictor of the Future Spot Rate
  • 6.4 Prices, Interest Rates, and Exchange Rates in Equilibrium
  • Summary Points
  • Mini-Case: Mrs. Watanabe and the Japanese Yen Carry Trade
  • Questions
  • Problems
  • Internet Exercises
  • Appendix: An Algebraic Primer to International Parity Conditions
  • Chapter 7 Foreign Currency Derivatives: Futures and Options
  • 7.1 Foreign Currency Futures
  • 7.2 Foreign Currency Options
  • 7.3 Option Pricing and Valuation
  • 7.4 Currency Option Pricing Sensitivity
  • Summary Points
  • Mini-Case: KiKos and the South Korean Won
  • Questions
  • Problems
  • Internet Exercises
  • Appendix: Currency Option Pricing Theory
  • Chapter 8 Interest Rate Risk and Swaps
  • 8.1 Interest Rate Foundations
  • 8.2 The Cost of Debt
  • 8.3 Interest Rate Risk
  • 8.4 Interest Rate Futures and FRAs
  • 8.5 Interest Rate Swaps
  • Summary Points
  • Mini-Case: Argentina and the Vulture Funds
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 9 Foreign Exchange Rate Determination and Intervention
  • 9.1 Exchange Rate Determination: The Theoretical Thread
  • 9.2 Currency Market Intervention
  • 9.3 Disequilibrium: Exchange Rates in Emerging Markets
  • 9.4 Currency Forecasting in Practice
  • Summary Points
  • Mini-Case: Iceland-A Small Country in a Global Crisis
  • Questions
  • Problems
  • Internet Exercises
  • PART 3 Foreign Exchange Exposure
  • Chapter 10 Transaction Exposure
  • 10.1 Types of Foreign Exchange Exposure
  • 10.2 Why Hedge?
  • 10.3 Transaction Exposure
  • 10.4 Transaction Exposure Management
  • 10.5 Transaction Exposure Management in Practice
  • Summary Points
  • Mini-Case: China Noah Corporation
  • Questions
  • Problems.
  • Internet Exercises
  • Appendix A: Complex Option Hedges
  • Appendix B: The Optimal Hedge Ratio and Hedge Effectiveness
  • Chapter 11 Translation Exposure
  • 11.1 Overview of Translation
  • 11.2 Translation Methods
  • 11.3 Aidan Corporation's Translation Exposure
  • 11.4 Managing Translation Exposure
  • Summary Points
  • Mini-Case: Electrolux of Sweden's Currency Management
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 12 Operating Exposure
  • 12.1 A Multinational's Operating Exposure
  • 12.2 Measuring Operating Exposure: Aidan Turkey
  • 12.3 Strategic Management of Operating Exposure
  • 12.4 Proactive Management of Operating Exposure
  • Summary Points
  • Mini-Case: Brexit and Rolls-Royce
  • Questions
  • Problems
  • Internet Exercises
  • PART 4 Financing the Global Firm
  • Chapter 13 Global Cost and Availability of Capital
  • 13.1 Financial Globalization and Strategy
  • 13.2 International Portfolio Theory and Diversification
  • 13.3 The Role of International Portfolio Investors
  • 13.4 The Cost of Capital for MNEs Compared to Domestic Firms
  • 13.5 Illustrative Case: Novo Industri A/S (Novo)
  • Summary Points
  • Mini-Case: Ferrari's IPO-The Potential of the Prancing Horse
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 14 Funding the Multinational Firm
  • 14.1 Designing a Strategy to Source Capital Globally
  • 14.2 Optimal Financial Structure
  • 14.3 Raising Equity Globally
  • 14.4 Depositary Receipts
  • 14.5 Private Placement
  • 14.6 Raising Debt Globally
  • 14.7 Financing Foreign Subsidiaries
  • Summary Points
  • Mini-Case: CEMEX's Debt Dilemma
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 15 Multinational Tax Management
  • 15.1 Tax Principles and Practices
  • 15.2 Multinational Tax Management
  • 15.3 Google: An Illustrative Case of Profit Repositioning
  • 15.4 Global Tax Competitiveness.
  • 15.5 U.S. Tax Law Change in 2017
  • Summary Points
  • Mini-Case: Apple's Global iTax Strategy
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 16 International Trade Finance
  • 16.1 The Trade Relationship
  • 16.2 Key Documents
  • 16.3 Government Programs to Help Finance Exports
  • 16.4 Trade Financing Alternatives
  • 16.5 Forfaiting
  • Summary Points
  • Mini-Case: Crosswell International and Brazil
  • Questions
  • Problems
  • Internet Exercises
  • PART 5 Foreign Investments and Investment Analysis
  • Chapter 17 Foreign Direct Investment and Political Risk
  • 17.1 The Foreign Direct Investment Decision
  • 17.2 Structural Choices for Foreign Market Entry
  • 17.3 Political Risk: Definition and Classification
  • 17.4 Financial Impacts of Political Risk
  • 17.5 Political Risk Mitigation
  • Summary Points
  • Mini-Case: Tengiz-The Definition of Political Risk
  • Questions
  • Internet Exercises
  • Chapter 18 Multinational Capital Budgeting and Cross-Border Acquisitions
  • 18.1 Complexities of Budgeting for a Foreign Project
  • 18.2 Illustrative Case: Cemex Enters Indonesia
  • 18.3 Real Option Analysis
  • 18.4 Project Financing
  • 18.5 Cross-Border Mergers and Acquisitions
  • Summary Points
  • Mini-Case: Elan and Royalty Pharma
  • Questions
  • Problems
  • Internet Exercises
  • Answers to Selected End-of-Chapter Problems
  • Glossary
  • Index.

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