Multinational Business Finance

Features

• NEW! Chapter on International Acquisitions and Valuation (Chapter 15).
  
• NEW! Chapter on Adjusting for Risk in Foreign Investments (Chapter 16).
  
• NEW! Expanded focus throughout on issues and emerging markets.
  
• NEW! Four new decision cases explore central issues in emerging markets.
  
• NEW! Accompanying new Casebook by Michael Moffett includes in-depth decision cases keyed to the coverage in the Eiteman text.
  
• NEW! New and expanded end-of-chapter questions,and new Internet exercises.
  
• Top-notch writing. The authors have a knack for communicating the complexities of international finance to today's students in a manner that is clear and understandable.
  

Contents

I. THE INTERNATIONAL FINANCIAL ENVIRONMENT.

• 1. International Financial Management and the Multinational Firm.
  
• 2. The International Monetary Environment.
  
• Foreign Exchange Rate Determination.
  
  • Appendix: An Algebraic Primer to International Parity Conditions.
  
  
• 4. The Foreign Exchange Market.
  
• 5. Foreign Currency Options.
  

• 6. Transaction Exposure.
  
• Decision Case: Lufthansa.
  
  • Decision Case: Zapa Chemical and BuBa.
  
  
• 7. Operating Exposure.
  
• 8. Accounting Exposure.
  
  • Decision Case: Tektronix (C).
  
  
• 9. Interest Rate Exposure and Swaps.
  
• Decision Case: British Columbia Hydro.
  

• 10. The Global Cost of Capital and Financial Structure.
  
• 11. Sourcing Equity Globally.
  
• 12. Sourcing Debt Globally.
  

• 13. Corporate Strategy: Foreign Direct Investment and Political Risk.
  
• 14. Multinational Capital Budgeting.
  
  • Decision Case: P.T. Semen Gresik.
  
  
• 15. International Acquisitions and Valuation.
  
• 16. Adjusting for Risk in Foreign Investments.
  

• 17. Multinational Taxation.
  
• 18. Repositioning Funds.
  
  • Decision Case: Northwestern Paper Company.
  
  
• 19. Working Capital Management.
  
  • Decision Case: The Far East Trading Company.
  
  
• 20. Export and Import Financing.
  
• 21. Evaluation and Performance.
  

• 22. International Portfolio Theory of the MNE.
  
• 23. Advanced Topics in Currency Risk Management.
  
  • Appendix: Currency Option Pricing Theory.
  
  
• 24. Advanced Topics in Interest Rate Risk Management.