Description
Now updated and reorganized, Alan Shapiro's Foundations of Multinational Financial Management, 6/e 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. Thus, it builds on and extends the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance.
Shapiro 6e is primarily intended for an undergraduate audience; but it is suitable for use in masters-level courses when there is not time to cover the full range of topics. This text assumes no prior knowledge of international finance.
Features
All the traditional areas of corporate finance are explored—working capital management, capital budgeting, cost of capital, and financial structure—from the perspective of a multinational corporation
New charts and illustrations of corporate practice
Foundations focuses on decision making in an international context
This text offers a variety of real-life examples, both numerical and institutional, that demonstrate the use of financial analysis and reasoning in solving international financial problems
New to This Edition
New coauthor, Dr. Atulya Sarin (Santa Clara University)
Significantly revised Table of Contents (chapters reduced from 20 to 16) to make this book more appropriate for an undergraduate course
Updated Mini-cases
Many new solved numerical problems, as well as additional questions and problems at the end of each chapter
Table of Contents Part I: Environment of International Financial Management
Chapter 1. Introduction: Multinational enterprise and Multinational financial Management
Chapter 2. The Determination of Exchange Rates
Chapter 3. The International Monetary System
Chapter 4. Parity Conditions in International Finance and Currency Forecasting
Chapter 5. The Balance of Payments and International Economic Linkages
Part II: Foreign Exchange and Derivatives Markets
Chapter 6. The Foreign Exchange Market
Chapter 7. Currency Futures and Options Markets
Chapter 8. Swaps and Interest Rates Derivatives
Part III: Foreign Exchange Risk Management
Chapter 9. Measuring and Managing Translation and Transaction Exposure
Chapter 10. Measuring and Managing Economic Exposure
Part IV: Foreign Markets and Investments
Chapter 11. Country Risk Analysis
Chapter 12. International Financing and National Capital Markets
Chapter 13. International Portfolio Investment
Chapter 14. Capital Budgeting for the Multinational Corporation
Part V: Financing and Controlling Multinational Operations
Chapter 15. Financing Foreign Trade
Chapter 16. Managing the Multinational Financial System