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Now in its fourth edition, this bestselling textbook provides comprehensive and up-to-date coverage of the investment and financial decisions facing the multinational corporation. Intended for advanced undergraduate and MBA classes, the text requires only a single preparatory course in finance.
List of contents
PART ONE The International Financial Environment.
1 An Introduction to Multinational Finance (revise).
2 World Trade and the International Monetary System (update).
3 Foreign Exchange and Eurocurrency Markets (update & revise).
4 The International Parity Conditions (update & revise).
PART TWO Managing the Risks of Multinational Operations.
5 The Rationale for Hedging Currency Risk (re-order sections a bit).
6 Multinational Treasury Management (update & revise).
7 Managing Transaction Exposure to Currency Risk (update).
8 Managing Operating Exposure to Currency Risk (update & revise).
9 Managing Translation Exposure to Currency Risk (update).
10 Country Risk Management (update & revise).
PART THREE Derivative Securities for Currency Risk Management.
11 Currency Futures and Futures Markets (update).
12 Currency Options and Options Markets (update).
13 Currency Swaps and Swaps Markets (update).
PART FOUR Valuation and the Structure of Multinational Operations.
14 Cross-Border Capital Budgeting (preserve intact).
15 Multinational Capital Structure and Cost of Capital (revise).
16 Taxes and Multinational Corporate Strategy (update).
17 Real Options and Cross-Border Investment (revise).
18 Corporate Governance & the International Market for Corporate Control (update).
PART FIVE International Portfolio Investment and Asset Pricing.
19 International Capital Markets (combines parts of Chapters 1, 3, 22 from previous edition).
20 International Portfolio Diversification (update).
21 International Asset Pricing (update & revise).
22 Managing an International Investment Portfolio (update & revise).
(Proposed changes in parentheses)
