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Multinational business finance / / David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
| Multinational business finance / / David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett |
| Autore | Eiteman David K. |
| Edizione | [Fourteenth, global edition.] |
| Pubbl/distr/stampa | Boston : , : Pearson, , [2016] |
| Descrizione fisica | 1 online resource (618 pages) |
| Disciplina | 658.1599 |
| Collana | Pearson series in finance |
| Soggetto topico | International business enterprises - Finance |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover -- Title Page -- Copyright Page -- Preface -- Acknowledgments -- About the Authors -- Contents -- PART 1 Global Financial Environment -- Chapter 1 Multinational Financial Management: Opportunities and Challenges -- Financial Globalization and Risk -- The Global Financial Marketplace -- The Theory of Comparative Advantage -- What Is Different about International Financial Management? -- Market Imperfections: A Rationale for the Existence of the Multinational Firm -- The Globalization Process -- Summary Points -- MINI-CASE: Crowdfunding Kenya -- Questions -- Problems -- Internet Exercises -- Chapter 2 The International Monetary System -- History of the International Monetary System -- IMF Classification of Currency Regimes -- Fixed versus Flexible Exchange Rates -- A Single Currency for Europe: The Euro -- Emerging Markets and Regime Choices -- Globalizing the Chinese Renminbi -- Summary Points -- MINI-CASE: Iceland-A Small Country in a Global Crisis -- Questions -- Problems -- Internet Exercises -- Chapter 3 The Balance of Payments -- Fundamentals of BOP Accounting -- The Accounts of the Balance of Payments -- BOP Impacts on Key Macroeconomic Rates -- Trade Balances and Exchange Rates -- Capital Mobility -- Summary Points -- MINI-CASE: Global Remittances -- Questions -- Problems -- Internet Exercises -- Chapter 4 Financial Goals and Corporate Governance -- Who Owns the Business? -- The Goal of Management -- Publicly Traded versus Privately Held: The Global Shift -- Corporate Governance -- Summary Points -- MINI-CASE: Luxury Wars-LVMH vs. Hermès -- Questions -- Problems -- Internet Exercises -- PART 2 Foreign Exchange Theory and Markets -- Chapter 5 The Foreign Exchange Market -- Functions of the Foreign Exchange Market -- Structure of the Foreign Exchange Market -- Transactions in the Foreign Exchange Market.
Size of the Foreign Exchange Market -- Foreign Exchange Rates and Quotations -- Summary Points -- MINI-CASE: The Venezuelan Bolivar Black Market -- Questions -- Problems -- Internet Exercises -- Chapter 6 International Parity Conditions -- Prices and Exchange Rates -- Interest Rates and Exchange Rates -- Forward Rate as an Unbiased Predictor of the Future Spot Rate -- Prices, Interest Rates, and Exchange Rates in Equilibrium -- Summary Points -- MINI-CASE: Mrs. Watanabe and the Japanese Yen Carry Trade -- Questions -- Problems -- Internet Exercises -- Appendix: An Algebraic Primer to International Parity Conditions -- Chapter 7 Foreign Currency Derivatives: Futures and Options -- Foreign Currency Futures -- Currency Options -- Option Pricing and Valuation -- Advanced Topic: Currency Option Pricing Sensitivity -- Summary Points -- MINI-CASE: KiKos and the South Korean Won -- Questions -- Problems -- Internet Exercises -- Appendix: Currency Option Pricing Theory -- Chapter 8 Interest Rate Risk and Swaps -- Interest Rate Foundations -- Interest Rate Risk -- Interest Rate Futures and FRAs -- Interest Rate Swaps -- Cross-Currency Swaps -- Summary Points -- MINI-CASE: Argentina and the Vulture Funds -- Questions -- Problems -- Internet Exercises -- Chapter 9 Foreign Exchange Rate Determination -- Exchange Rate Determination: The Theoretical Thread -- Currency Market Intervention -- Disequilibrium: Exchange Rates in Emerging Markets -- Forecasting in Practice -- Summary Points -- MINI-CASE: Russian Ruble Roulette -- Questions -- Problems -- Internet Exercises -- PART 3 Foreign Exchange Exposure -- Chapter 10 Transaction Exposure -- Types of Foreign Exchange Exposure -- Why Hedge? -- Ganado's Transaction Exposure -- Risk Management in Practice -- Advanced Topics in Hedging -- Summary Points -- MINI-CASE: China Noah Corporation -- Questions -- Problems. Internet Exercises -- Appendix: Complex Option Hedges -- Chapter 11 Translation Exposure -- Overview of Translation -- Translation Methods -- Ganado Corporation's Translation Exposure -- Managing Translation Exposure -- Summary Points -- MINI-CASE: McDonald's, Hoover Hedges, and Cross-Currency Swaps -- Questions -- Problems -- Internet Exercises -- Chapter 12 Operating Exposure -- A Multinational's Operating Exposure -- Measuring Operating Exposure: Ganado Germany -- Strategic Management of Operating Exposure -- Proactive Management of Operating Exposure -- Summary Points -- MINI-CASE: Toyota's European Operating Exposure -- Questions -- Problems -- Internet Exercises -- PART 4 Financing the Global Firm -- Chapter 13 The Global Cost and Availability of Capital -- Financial Globalization and Strategy -- International Portfolio Theory and Diversification -- The Demand for Foreign Securities: The Role of International Portfolio Investors -- The Cost of Capital for MNEs Compared to Domestic Firms -- Summary Points -- MINI-CASE: Novo Industri A/S (Novo) -- Questions -- Problems -- Internet Exercises -- Chapter 14 Raising Equity and Debt Globally -- Designing a Strategy to Source Capital Globally -- Optimal Financial Structure -- Optimal Financial Structure and the Multinational -- Raising Equity Globally -- Depositary Receipts -- Private Placement -- Foreign Equity Listing and Issuance -- Raising Debt Globally -- Summary Points -- MINI-CASE: Petrobrás of Brazil and the Cost of Capital -- Questions -- Problems -- Internet Exercises -- Appendix: Financial Structure of Foreign Subsidiaries -- Chapter 15 Multinational Tax Management -- Tax Principles -- Multinational Tax Management -- Tax Havens and International Offshore Financial Centers -- Google: An Illustrative Case of Profit Repositioning -- Corporate Inversion -- Summary Points. MINI-CASE: Apple's Global iTax Strategy -- Questions -- Problems -- Internet Exercises -- Chapter 16 International Trade Finance -- The Trade Relationship -- Benefits of the System -- Key Documents -- Government Programs to Help Finance Exports -- Trade Financing Alternatives -- Forfaiting: Medium- and Long-Term Financing -- Summary Points -- MINI-CASE: Crosswell International and Brazil -- Questions -- Problems -- Internet Exercises -- PART 5 Foreign Investments and Investment Analysis -- Chapter 17 Foreign Direct Investment and Political Risk -- Sustaining and Transferring Competitive Advantage -- The OLI Paradigm and Internationalization -- Deciding Where to Invest -- Modes of Foreign Investment -- Illustrative Case: Corporate Competition from the Emerging Markets -- Predicting Political Risk -- Country-Specific Risk: Transfer Risk -- Country-Specific Risk: Cultural and Institutional Risk -- Global-Specific Risk -- Summary Points -- MINI-CASE: Strategic Portfolio Theory, Black Swans, and [Avoiding] Being the Turkey -- Questions -- Internet Exercises -- Chapter 18 Multinational Capital Budgeting and Cross-Border Acquisitions -- Complexities of Budgeting for a Foreign Project -- Illustrative Case: Cemex Enters Indonesia -- Real Option Analysis -- Project Financing -- Cross-Border Mergers and Acquisitions -- Summary Points -- MINI-CASE: Elan and Royalty Pharma -- Questions -- Problems -- Internet Exercises -- Answers to Selected End-of-Chapter Problems -- Glossary. |
| Record Nr. | UNINA-9910154927603321 |
Eiteman David K.
|
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| Boston : , : Pearson, , [2016] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Multinational business finance / / David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
| Multinational business finance / / David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett |
| Autore | Eiteman David K. |
| Edizione | [Global edition, thirteenth edition.] |
| Pubbl/distr/stampa | Boston ; ; London : , : Pearson Education Limited, , [2013] |
| Descrizione fisica | 1 online resource (656 pages) : illustrations |
| Disciplina | 658.1599 |
| Collana | The Pearson series in finance |
| Soggetto topico | International business enterprises - Finance |
| ISBN |
9781306823494
1306823498 9781488684364 027376554X 9780273765547 0273765531 9780273765530 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Part I: Global financial environment -- 1. Current multinational financial challenges -- 2. Ownership and governance of the corporation -- 3. The international monetary system -- 4. The balance of payments -- 5. The US and European financial crisis -- Part II: Foreign exchange theory -- 6. The foreign exchange market -- 7. International parity conditions -- 8. Currency derivatives -- Part III: Multinational exchange rate exposure -- 9. The determinats of exchange rates -- 10. Transaction exposure management -- 11. Translation exposure management -- 12. Operating exposure management -- Part IV: Financing the multinational firm -- 13. The global cost of capital -- 14. International debt and equity financing -- 15. Global tax management -- Part V: Foreign investment decisions -- 16. International portfolio theory -- 17. Foreign direct investment:returns and risks -- 18. Multinational investment and acquisition -- Part VI: Special topics in global finance -- 19. Financial management of multinational operations -- 20. Global petroleum development: fiscal regimes and funding. |
| Record Nr. | UNINA-9910150209503321 |
|
Eiteman David K.
|
||
| Boston ; ; London : , : Pearson Education Limited, , [2013] | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||