Foundations of Multinational Financial Management

From Book News, Inc.
A briefer version of the author's Multinational Management, this revised and updated textbook (1st ed., 1991) is intended primarily for an undergraduate audience, providing a conceptual framework within which the key financial decisions of the multinational firm can be analyzed. The approach is to treat international financial management as a natural and logical extension of the principles learned in the foundations course in financial management. Annotation copyright Book News, Inc. Portland, Or.

Book Description
All too often, companies focus on the threats and risks inherent in venturing abroad. But multinational firms actually have unique opportunities that are not available to purely domestic firms. Now updated, revised, and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 5/e will help you take advantage of these valuable opportunities. Foundations emphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.

Book Info
Focuses on taking advantage of being multinational. Emphasis is on broad concepts and practices rather than on extensive quantitative material. DLC: International business enterprises--Finance.

The publisher, Prentice Hall Business Publishing
The approach of this text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management. Thus, the book focuses on decision making in an international context. Numerous examples, both numerical and institutional, illustrate the application of these concepts and techniques. The emphasis throughout is on taking advantage of being multinational. This book is distinctly different from Shapiro's other texts, Multinational Financial Management, 4/e, in that the chapters are shorter and simpler, have more examples, and are less technical because of its reduction and/or elimination of the mathematics used.

From the Back Cover
Take advantage of opportunities in multinational finance!

All too often, companies focus on the threats and risks inherent in venturing abroad. But multinational firms actually have unique opportunities that are not available to purely domestic firms.

Now updated, revised, and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 5/e will help you take advantage of these valuable opportunities. Foundations emphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.

FROM THE PUBLISHER

Foundations of Multinational Financial Management Third Edition Alan C. Shapiro The focus throughout this book is on taking advantage of being multinational. Too often, companies focus on the threats and risks inherent in venturing abroad rather than on the opportunities that are available to multinational firms. These opportunities include the ability to obtain a greater degree of international diversification than security purchases alone can provide, as well as the ability to arbitrage between imperfect capital markets, thereby obtaining funds at a lower cost than could a purely domestic firm. The emphasis of this text is on broad concepts and practices rather than on extensive quantitative material. It is intended primarily for an undergraduate audience, but it is suitable for use in graduate level courses where less quantitative coverage is desirable. Many instructors will find the text ideal for use in bank management and executive development programs. It presumes a knowledge of basic corporate finance, economics, and algebra, but it does not require prior knowledge of international economics or international finance. All areas of corporate finance are explored, including working capital management, capital budgeting, cost of capital, and financial structure. However, this is done from the perspective of a multinational corporation, concentrating on those decision elements that are rarely, if ever, encountered by purely domestic firms. These elements include multiple currencies with frequent exchange-rate changes and varying rates of inflation, differing tax systems, multiple money markets, exchange controls, segmented capital markets, and political risks such asnationalization and expropriation.

FROM THE CRITICS

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