Multinational Finance

by Butler, Kirt C.

• ISBN13: 9781405181181
• ISBN10: 1405181184
• Edition: 4th
• Format: Paperback
• Copyright: 2008-01-11
• Publisher: Blackwell Pub

Summary

Now in its fourth edition, the best-selling textbook Multinational Finance provides comprehensive and up-to-date coverage of the traditional topics of multinational financial management. Intended for advanced undergraduate and MBA classes, the text requires only a single preparatory course in finance. Distinct chapters are devoted to topics of special interest to practitioners of multinational financial management, including the rationale for hedging currency risk, financial derivatives, international corporate governance, international portfolio diversification, international asset pricing, and real option valuation.

Author Biography

Kirt Butler is an Associate Professor of Finance at Michigan State, whose research field is international financial markets. He has been a visiting professor of finance at U of Michigan and the U of Augsburg (Germany). He was named top teacher in the Michigan State U B-school in 2001 and top teacher in the finance dept in 2003.

Table of Contents

The International Financial Environment

An Introduction to Multinational Finance

World Trade and the International Monetary System

Foreign Exchange and Eurocurrency Markets

The International Parity Conditions

Derivative Securities for Financial Risk Management

Currency Futures and Futures Markets

Currency Options and Options Markets

Currency Swaps and Swaps Markets

Managing the Risks of Multinational Operations

The Rationale for Hedging Currency Risk

Treasury Management of International Transactions

Managing Transaction Exposure to Currency Risk

Managing Operating Exposure to Currency Risk

Managing Translation Exposure and Accounting for Financial Transactions

Valuation and the Structure of Multinational Operations

Foreign Market Entry and Country Risk Management

Cross-Border Capital Budgeting

Multinational Capital Structure and Cost of Capital

Taxes and Multinational Corporate Strategy

Real Options and Cross-Border Investment Strategy

Corporate Governance and the International Market for Corporate Control

International Portfolio Investment and Asset Pricing

International Capital Markets

International Portfolio Diversification

International Asset Pricing

Table of Contents provided by Publisher. All Rights Reserved.