Authoritative, comprehensive coverage of contemporary international finance.
Renowned for its authoritative, comprehensive coverage of contemporary international finance, this market-leading text trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.
Unique to the Global Edition, we have two new chapters:
Chapter 4: International Business Transactions: The Balance of Payments, which includes such global material as coverage of transactions in China
Chapter 22: Global Petroleum Development, which looks at the financial dimensions of global petroleum development
In the twelfth edition, Chapter 1 now includes a new mini-case “Porsche Changes Track”, while the new Chapter 5 addresses the recent financial crises, providing an overview of the origins, dissemination, and repercussions of this credit crisis on the conduct of global business.
The unique managerial emphasis employs numerous embedded mini-cases to push students beyond a superficial understanding of abstract concepts. Students learn that a successful manager in a multinational enterprise not only needs to be able to recognize imperfections in national markets for products, factors of production and financial assets, but also to be able to make decisions about how to benefit from those imperfections.
Exceptional currency of coverage keeps students abreast of contemporary issues and events, including financial management issues in emerging markets.
An entire chapter is devoted to the political risk challenges faced by multinational enterprises across three corridors of exposure: firm-specific risk, country-specific risk, and global-specific risk.
Spreadsheet examples, along with online templates, give students hands on practice with a key tool of the financial manager. Multinational Business Finance also offers the most end-of-chapter problems of any text on the market. Spreadsheet solutions are available for instructors.
A complete supplements package, including PowerPoint® lecture notes, instructor’s manual and a comprehensive test bank is available.
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