1.

Record Nr.

UNINA9910821697703321

Autore

O'Brien Thomas J.

Titolo

Applied international finance : managing foreign exchange risk and international capital budgeting / / Thomas J. O'Brien

Pubbl/distr/stampa

New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014

ISBN

1-60649-735-9

Edizione

[First edition.]

Descrizione fisica

1 online resource (258 pages)

Collana

Finance and financial management collection

Disciplina

332.042

Soggetti

International finance

Foreign exchange

Capital budget

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Part of: 2014 digital library.

Nota di bibliografia

Includes bibliographical references (pages 249-253) and index.

Nota di contenuto

Part I. Managing foreign exchange risk -- 1. Foreign exchange operating exposure -- 2. FX exposure: business, equity, and translation -- 3. Foreign currency debt -- 4. Currency swaps -- Case. Adventure & Recreation Technologies, Inc. -- Part II. International cost of capital and capital budgeting -- 5. Global risk and return -- 6. Hurdle rates for overseas operations -- 7. International capital budgeting -- 8. Cross-border valuation -- Case. New plant for Houston Marine Electronics -- Notes -- References -- Index.

Sommario/riassunto

This text is designed for use in a course in applied international corporate finance for managers and executives. Instead of the "encyclopedic" approach, the text focuses on the two main issues of interest to managers who deal with overseas operations. The first main issue is how uncertain foreign exchange (FX) rate changes affect a firm's ongoing cash flows and equity value, and what can be done about this risk. The second main issue is the estimation of the cost of capital for international operations and the evaluation of overseas investment proposals. Numerous examples of real-world companies are used.