Multinational Finance: Evaluating Opportunities, Costs, and Risks of Operations

By Kirt C. Butler

Book Overview

An in-depth treatment of the international financial arena Multinational Finance, Fifth Edition assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country. This book provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the math and terminology surrounding this field to realize the general principles of multinational financial management. Logically organized and written in a clear, non-technical style, this book includes information on international finance topics such as foreign exchange, currency and derivatives markets, currency risk (transaction, operating, and translation) management, country risk, international taxation, capital structure, cost of capital, and international portfolio diversification. It also offers unique chapters on multinational treasury management, the rationale for hedging currency risks, options on real assets, international corporate governance, asset pricing, and portfolio management. Emphasizes the managerial aspects of multinational finance with graphs, figures, and the use of numerous real-world examples Expands on the treatment of parity disequilibria to include exchange rate expectations that differ from parity and a project's operating exposure to currency risk Provides an overview and comparison of the various derivative instruments and their use in risk hedging Contains valuable insights on valuation and management of a multinational corporation's investments If you're looking for the best way to gain a firm understanding of multinational finance, look no further than the fifth edition of this classic text.

• Format: Paperback
• Language: English
• ISBN: 1118270126
• ISBN13: 9781118270127
• Release Date: September 2012
• Publisher: Wiley
• Length: 704 Pages
• Weight: 2.75 lbs.
• Dimensions: 1.9" x 6.9" x 9.9"

Customer Reviews

great

I got a very good price, a great book, and the shipping time was good.

Good CS

The seller sent the book out the same day. That was great but the postal service dropped the ball. The book was routed to vermont instead of virginia but the seller offered a refund and was very empathetic.

A Handy Reference Book for MBA Level

This textbook is used in our MBA International Finance course (1 semester) and we basically covered about 80% of the materials in the class. The book is well organised and, most importantly, the notations are very clear which helps understanding the materials. Each chapter include a list of references so that students who need to do further research (e.g. for their projects) can start from there. There are also extensive references to the current developments in international finance arena including internet links. We used the Conceptual Questions and Problems at the end of each chapter for revision purpose as well. I do not find much numerical errors as other reviewers mentioned in 2nd edition. Overall I find it very well-written and was useful for my learning experience.