Multinational Finance - Hardcover

Kirk Charles Butler

Hardcover

ISBN 10: 0538853859 ISBN 13: 9780538853859

Publisher: South-Western Pub, 1996

MULTINATIONAL FINANCE is a survey of international markets, investments, and corporate financial management. The text provides a concise treatment of foreign exchange, currency and derivative markets, currency risk, international portfolio management, and multinational corporate financial management. Besides its content, the text is set apart by its logical organization, superior pedagogy, and its clear and non-technical writing style, aimed specifically at a mainstream audience at the undergraduate or MBA level.

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From the Back Cover:

Multinational Finance assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country. The text provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the algebra and terminology to the general principles of multinational financial management.

Multinational Finance includes coverage of traditional topics such as foreign exchange and Eurocurrency markets, multinational treasury management, management of currency risk exposures (transaction, operating, and translation), country risk, multinational capital structure and cost of capital, taxation of foreign source income, and international portfolio diversification. Also included are distinctive chapters on the economic rationale for hedging currency risks, derivatives markets (with separate chapters on currency futures, options, and swaps), real options in international markets, international corporate governance, and international asset pricing.

Intended for MBA and advanced undergraduate classes, the text requires only a single preparatory course in finance. Chapters that extend material from the first course begin with a brief review of the fundamentals. Numerous graphs and figures assist the reader in understanding key financial concepts and techniques are used in practice. Advanced material is placed in chapter appendices, so that study can be tailored to each individual's objectives.

About the Author:

Kirt C. Butler is an Associate Professor in the Department of Finance at Michigan State University where he teaches international and corporate finance and global strategy in MSU's Eli Broad Graduate School of Management. He joined the faculty in 1985 after completing his doctorate in finance at Michigan State University. He also holds a M.S. degree in Computer Science from the College of Engineering and a B.A. in Psychology from the Honors College at Michigan State University.

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