The eleventh edition of Multinational Financial Management is a
comprehensive survey of the essential areas of the international
financial market environment, including foreign exchange and derivative
markets, risk management, and international capital markets and
portfolio investment. Designed for upper-level undergraduate and
masters-level courses in international finance and management, this
textbook offers readers a conceptual framework for analyzing key
financial decisions of multinational firms. The authors both explain and
simplify multinational financial management by illustrating how its
basic principles share the same foundation as domestic corporate
finance.
Assuming no prior knowledge of international economics or finance, this
substantially revised new edition builds upon the fundamental principles
of domestic financial management to examine the unique dimensions of
international finance. Readers are presented with a solid theoretical
knowledgebase for examining decision problems, as well as practical
analytical techniques that clarify the often-ambiguous guidelines used
by international financial executives. All the traditional areas of
corporate finance are explored from the perspective of a multinational
corporation, focusing on elements rarely encountered in domestic finance
such as multiple currencies, segmented capital markets, and political
risks of nationalization or expropriation.
