Normal view MARC view ISBD view

Foundations of multinational financial management / Alan C. Shapiro.

By: Shapiro, Alan C [autor].
Publisher: Hoboken, N.J : John Wiley & Sons, ©2005Edition: 5th ed.Description: xvi, 613 páginas : ilustraciones ; 25 cm.Content type: texto Media type: no mediado Carrier type: volumenISBN: 0471563374.Subject(s): Empresas internacionales | Toma de decisionesDDC classification: 658.1599
Contents:
Introduction: Multinational enterprise and multinational financila management. -- The determination of exchange rates 35. -- The international monetary system 65. -- Parity conditions in international finance and currency forescasting.
Summary: 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.
Tags from this library: No tags from this library for this title. Log in to add tags.
    Average rating: 0.0 (0 votes)
Item type Current location Collection Call number Vol info Copy number Status Date due Barcode Item holds
Book Book B. Posgrados
Colección general
Colección general 658.1599 S416 (Browse shelf) 5 a ed. 2005 1 Available 0000030183
Total holds: 0

Enhanced descriptions from Syndetics:

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.

Incluye bibliografía al final de cada capítulo e índice.

Introduction: Multinational enterprise and multinational financila management. -- The determination of exchange rates 35. -- The international monetary system 65. -- Parity conditions in international finance and currency forescasting.

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.

Table of contents provided by Syndetics

  • Preface (p. xi)
  • Chapter 1 Introduction: Multinational Enterprise and Multinational Financial Management (p. 1)
  • 1.1 The Rise of the Multinational Corporation (p. 2)
  • 1.2 The Internationalization of Business and Finance (p. 10)
  • 1.3 Multinational Financial Management: Theory and Practice (p. 16)
  • 1.4 Outline of This Book (p. 22)
  • Questions (p. 24)
  • Appendix 1A The Origins and Consequences of International Trade (p. 24)
  • Part I Environment of International Financial Management
  • Chapter 2 The Determination of Exchange Rates (p. 32)
  • 2.1 Setting the Equilibrium Spot Exchange Rate (p. 33)
  • 2.2 Expectations and the Asset-Market Model of Exchange Rates (p. 37)
  • 2.3 Fundamentals of Central Bank Intervention (p. 52)
  • Questions (p. 58)
  • Problems (p. 61)
  • Bibliography (p. 62)
  • Chapter 3 The International Monetary System (p. 64)
  • 3.1 Alternative Exchange Rate Systems (p. 65)
  • 3.2 A Brief History of the International Monetary System (p. 68)
  • 3.3 The European Monetary System and Monetary Union (p. 79)
  • 3.4 Emerging Market Currency Crises (p. 89)
  • 3.5 Summary and Conclusions (p. 91)
  • Questions (p. 92)
  • Problems (p. 93)
  • Bibliography (p. 94)
  • Chapter 4 The Balance of Payments and International Economic Linkages (p. 95)
  • 4.1 Balance-of-Payments Categories (p. 96)
  • 4.2 The International Flow of Goods, Services, and Capital (p. 101)
  • 4.3 Coping with the Current-Account Deficit (p. 106)
  • 4.4 Summary and Conclusions (p. 115)
  • Questions (p. 117)
  • Problems (p. 118)
  • Bibliography (p. 120)
  • Chapter 5 Country Risk Analysis (p. 121)
  • 5.1 Measuring Political Risk (p. 122)
  • 5.2 Economic and Political Factors Underlying Country Risk (p. 127)
  • 5.3 Country Risk Analysis in International Banking (p. 138)
  • 5.4 Summary and Conclusions (p. 142)
  • Questions (p. 142)
  • Problems (p. 143)
  • Bibliography (p. 145)
  • Chapter 6 The Foreign Exchange Market (p. 146)
  • 6.1 Organization of the Foreign Exchange Market (p. 147)
  • 6.2 The Spot Market (p. 152)
  • 6.3 The Forward Market (p. 160)
  • 6.4 Summary and Conclusions (p. 164)
  • Questions (p. 165)
  • Problems (p. 165)
  • Bibliography (p. 167)
  • Chapter 7 Currency Futures and Options Markets (p. 168)
  • 7.1 Futures Contracts (p. 169)
  • 7.2 Currency Options (p. 174)
  • 7.3 Reading Currency Futures and Options Prices (p. 189)
  • 7.4 Summary and Conclusions (p. 191)
  • Questions (p. 192)
  • Problems (p. 193)
  • Bibliography (p. 194)
  • Chapter 8 Parity Conditions in International Finance and Currency Forecasting (p. 196)
  • 8.1 Arbitrage and the Law of One Price (p. 197)
  • 8.2 Purchasing Power Parity (p. 199)
  • 8.3 The Fisher Effect (p. 206)
  • 8.4 The International Fisher Effect (p. 213)
  • 8.5 Interest Rate Parity Theory (p. 217)
  • 8.6 The Relationship Between the Forward Rate and the Future Spot Rate (p. 222)
  • 8.7 Currency Forecasting (p. 225)
  • 8.8 Summary and Conclusions (p. 231)
  • Questions (p. 233)
  • Problems (p. 235)
  • Bibliography (p. 237)
  • Part I Case Studies (p. 238)
  • Case I.1 Oil Levies: The Economic Implications (p. 238)
  • Case I.2 President Carter Lectures the Foreign Exchange Markets (p. 238)
  • Case I.3 Rescuing the Indonesian Rupiah with a Currency Board (p. 239)
  • Case I.4 Brazil Fights a Real Battle (p. 243)
  • Part II Foreign Exchange Risk Management
  • Chapter 9 Measuring Accounting Exposure (p. 251)
  • 9.1 Alternative Measures of Foreign Exchange Exposure (p. 252)
  • 9.2 Alternative Currency Translation Methods (p. 253)
  • 9.3 Statement of Financial Accounting Standards No. 8 (p. 255)
  • 9.4 Statement of Financial Accounting Standards No. 52 (p. 257)
  • 9.5 Transaction Exposure (p. 262)
  • 9.6 Accounting Practice and Economic Reality (p. 262)
  • 9.7 Summary and Conclusions (p. 265)
  • Questions (p. 265)
  • Problems (p. 265)
  • Bibliography (p. 266)
  • Chapter 10 Managing Accounting Exposure (p. 268)
  • 10.1 Designing a Hedging Strategy (p. 269)
  • 10.2 Managing Transaction Exposure (p. 276)
  • 10.3 Managing Translation Exposure (p. 291)
  • 10.4 Illustration: Managing Transaction Exposure for the Toronto Blue Jays (p. 293)
  • 10.5 Summary and Conclusions (p. 294)
  • Questions (p. 295)
  • Problems (p. 296)
  • Bibliography (p. 299)
  • Chapter 11 Measuring and Managing Economic Exposure (p. 300)
  • 11.1 Foreign Exchange Risk and Economic Exposure (p. 301)
  • 11.2 The Economic Consequences of Exchange Rate Changes (p. 304)
  • 11.3 Identifying Economic Exposure (p. 308)
  • 11.4 Calculating Economic Exposure (p. 310)
  • 11.5 Managing Operating Exposure (p. 315)
  • 11.6 Illustration: Avon Is Calling in Asia (p. 325)
  • 11.7 Summary and Conclusions (p. 326)
  • Questions (p. 327)
  • Problems (p. 328)
  • Bibliography (p. 331)
  • Part II Case Studies (p. 333)
  • Case II.1 Rolls-Royce Limited (p. 333)
  • Case II.2 The Mexican Peso (p. 333)
  • Part III Financing Foreign Operations
  • Chapter 12 International Financing and International Financial Markets (p. 335)
  • 12.1 Corporate Sources and Uses of Funds (p. 336)
  • 12.2 National Capital Markets as International Financial Centers (p. 342)
  • 12.3 The Euromarkets (p. 355)
  • 12.4 Development Banks (p. 373)
  • 12.5 Project Finance (p. 376)
  • 12.6 Summary and Conclusions (p. 377)
  • Questions (p. 374)
  • Problems (p. 379)
  • Bibliography (p. 380)
  • Chapter 13 Special Financing and Interest Rate Risk Management Vehicles (p. 381)
  • 13.1 Interest Rate and Currency Swaps (p. 382)
  • 13.2 Interest Rate Forwards and Futures (p. 389)
  • 13.3 Valuing Low-Cost Financing Opportunities (p. 392)
  • 13.4 Summary and Conclusions (p. 396)
  • Questions (p. 397)
  • Problems (p. 397)
  • Bibliography (p. 399)
  • Chapter 14 The Cost of Capital for Foreign Investments (p. 400)
  • 14.1 The Cost of Equity Capital (p. 401)
  • 14.2 The Weighted Cost of Capital for Foreign Projects (p. 402)
  • 14.3 Discount Rates for Foreign Investments (p. 399)
  • 14.4 The Cost of Debt Capital (p. 412)
  • 14.5 Establishing a Worldwide Capital Structure (p. 414)
  • 14.6 Summary and Conclusions (p. 422)
  • Questions (p. 423)
  • Problems (p. 425)
  • Bibliography (p. 425)
  • Part III Case Studies (p. 427)
  • Case III.1 Plano Cruzado (p. 427)
  • Case III.2 Multinational Manufacturing, Inc. (p. 427)
  • Part IV Foreign Investment Analysis
  • Chapter 15 International Portfolio Investment (p. 431)
  • 15.1 The Benefits of International Equity Investing (p. 432)
  • 15.2 International Bond Investing (p. 445)
  • 15.3 Optimal International Asset Allocation (p. 446)
  • 15.4 Measuring the Total Return from Foreign Portfolio Investing (p. 447)
  • 15.5 Measuring Exchange Risk on Foreign Securities (p. 448)
  • 15.6 Summary and Conclusions (p. 450)
  • Questions (p. 450)
  • Problems (p. 451)
  • Bibliography (p. 453)
  • Chapter 16 Corporate Strategy and Foreign Direct Investment (p. 455)
  • 16.1 The Process of Overseas Expansion (p. 456)
  • 16.2 Theory of the Multinational Corporation (p. 458)
  • 16.3 The Strategy of Multinational Enterprise (p. 460)
  • 16.4 Designing a Global Expansion Strategy (p. 469)
  • 16.4 Summary and Conclusions (p. 472)
  • Questions (p. 473)
  • Problems (p. 474)
  • Bibliography (p. 475)
  • Chapter 17 Capital Budgeting for the Multinational Corporation (p. 477)
  • 17.1 Basics of Capital Budgeting (p. 478)
  • 17.2 Issues in Foreign Investment Analysis (p. 484)
  • 17.3 Foreign Project Appraisal: The Case of International Diesel Corporation (p. 487)
  • 17.4 Political Risk Analysis (p. 496)
  • 17.5 Growth Options and Project Evaluation (p. 498)
  • 17.6 Summary and Conclusions (p. 502)
  • Questions (p. 502)
  • Problems (p. 503)
  • Bibliography (p. 504)
  • Appendix 17A Managing Political Risk (p. 505)
  • Part IV Case Studies (p. 509)
  • Case IV.1 The International Machine Corporation (p. 509)
  • Case IV.2 Euro Disneyland (p. 510)
  • Part V Multinational Working Capital Management
  • Chapter 18 Financing Foreign Trade (p. 517)
  • 18.1 Payment Terms in International Trade (p. 518)
  • 18.2 Documents in International Trade (p. 526)
  • 18.3 Financing Techniques in International Trade (p. 528)
  • 18.4 Government Sources of Export Financing and Credit Insurance (p. 532)
  • 18.5 Countertrade (p. 537)
  • 18.6 Summary and Conclusions (p. 540)
  • Questions (p. 541)
  • Problems (p. 542)
  • Bibliography (p. 543)
  • Chapter 19 Current Asset Management and Short-Term Financing (p. 544)
  • 19.1 International Cash Management (p. 545)
  • 19.2 Accounts Receivable Management (p. 558)
  • 19.3 Inventory Management (p. 560)
  • 19.4 Short-term Financing (p. 562)
  • 19.5 Summary and Conclusions (p. 572)
  • Questions (p. 573)
  • Problems (p. 573)
  • Bibliography (p. 575)
  • Chapter 20 Managing the Multinational Financial System (p. 577)
  • 20.1 The Value of the Multinational Financial System (p. 578)
  • 20.2 Intercompany Fund Flow Mechanisms: Costs and Benefits (p. 581)
  • 20.3 Designing a Global Remittance Policy (p. 598)
  • 20.4 Summary and Conclusions (p. 602)
  • Questions (p. 603)
  • Problems (p. 603)
  • Bibliography (p. 605)
  • Glossary (p. 607)
  • Index (p. 623)

There are no comments for this item.

Log in to your account to post a comment.

Powered by Koha