Book Categories

Description of Multinational Business Finance

Renowned for its authoritative, comprehensive coverage of contemporary international finance, this market-leading text trains the leaders of tomorrow's multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.

Title Information

ISBN:

9780321449566

Pages:

848 pages

Format:

Paperback

Product Code:

25880

Publisher:

Pearson Education (US)

Published:

06/04/2006

Edition:

11th Revised International ed Edition

Write a review of this book

About David K. Eiteman and Arthur I. Stonehill and Michael H. Moffett

David Eiteman received his business and economics degrees from the University of Michigan, Ann Arbor, and the University of California, Berkeley, before graduating from Northwestern with a Ph.D. in finance. He then started teaching and researching at prestigious schools across America, Asia, and Europe.

In his other affiliations, Eiteman was previously president of the International Trade and Finance Association, the Society for Economics and Management in China, and the Western Finance Association.

He has authored and co-authored four books and a significant number of articles, which have appeared in 29 publications, including International Trade Journal, Journal of World Business, Business Horizons, Management International, and others.

Arthur Stonehill is professor of finance and international business Emeritus at Oregon State University, where he taught for 24 years. Previously, he held appointments at leading universities in America and Europe. He also served as president of the Academy of International Business, as well as director of the Financial Management Association.

Stonehill has authored or co-authored nine books and numerous articles, which have appeared in Financial Management, Journal of International Business Studies, International Business Review, and other influential publications.

He is an alumnus of the University of California, Berkeley, where he graduated with a Ph.D. in business administration. In recognition of his immense contributions to the fiscal world, Stonehill was awarded honorary doctorates from the Aarhus School of Business - Denmark, the Copenhagen Business School - Denmark, and Lund University - Sweden.

Michael Moffett graduated with a Ph.D. in economics from the University of Colorado - Boulder, and went on to a number of teaching or research appointments in several renowned institutions in America and Europe.

Moffett�s research work has been featured in 15 prominent publications, and he has also authored or co-authored eight books. Together with Arthur Stonehill and David Eiteman, he has written one of today�s most widely used textbooks in finance� Multinational Business Finance, Ninth Edition.

Moffett is currently professor of finance at Thunderbird, the American Graduate School of International Management.

Contents of Multinational Business Finance

Part I Global Financial Management

1 Financial Goals & Corporate Governance
2 History of the International Monetary System
Appendix: Eurodollar Creation
3 Balance of Payments



Part II Foreign Exchange Theory

4 International Parity Conditions
Appendix: Algebraic Primer to International Parity Conditions
5 Foreign Exchange Rate Determination & Forecasting



Part III The Foreign Exchange Market & Derivatives

6 The Foreign Exchange Market
7 Foreign Currency Derivatives
Appendix: Foreign Currency Option Pricing



Part IV Foreign Exchange Exposure

8 Transaction Exposure
Appendix: Complex Options
9 Operating Exposure
10 Translation Exposure

Appendix A: Basics of FX Accounting
Appendix B: Bank of America FX Exposure Survey



Part V Financing the Global Firm

11 The Global Cost and Availability of Capital
12 Sourcing Equity Globally
13 Sourcing Debt Globally
14 Interest Rate and Cross Currency Swaps
Appendix: Advanced Topics in I/R Risk Management
15 International Portfolio Theory & Investment



Part VI Foreign Investment Decisions

16 Foreign Direct Investment Theory & Strategy
17 Political Risk Assessment and Management
18 Multinational Capital Budgeting
Appendix: Adjusting for Risk
19 Cross-Border Mergers, Acquisitions, and Valuation



Part VII Managing Multinational Operations

20 International Trade Finance
21 Multinational Tax Management
22 Working Capital Management

Glossary
Index