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International Financial Management

Author(s): Jeff Madura

ISBN: 9789355735539

14th Edition

India Release: 2022

₹1125

Binding: Paperback

Pages: 744

Trim Size: 254 x 203 mm

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This reader-friendly approach builds on the fundamental principles of corporate finance to provide timely information and an understanding of managerial topics in a global environment necessary to prosper in international business. Clear explanations help you fully understand the important role of multinational corporations in global commerce. New content explores tradeoffs in international trade policies, the realities behind popular theories, multinational capital budgeting, barriers to entry in international markets, and the most recent changes internationally. Numerous examples, self-tests, and hands-on exercises work with new MindTap online learning resources, including Excel Online practice and Aplia homework tools, to help you develop the skills and understanding necessary in international finance.

A variety of chapter applications, including Point/Counter-Point exercises and Critical-Thinking Questions, provide valuable hands-on practice.
Experiential exercises like “Discussion in the Boardroom” and “Running Your Own MNC” place students in real-world international finance roles.
Timely updates throughout the edition reflect the most current research and trends in international finance.
Self-testing questions and tools at the end of each chapter help students reinforce and check their comprehension.
Integrative problems at the end of each part show how financial concepts from multiple chapters work together.
Practical examples from real international organizations illustrate current financial practices and clarify key concepts.
New coverage explores the gap between theory and reality in concepts like the Fisher Effect, PPP, and IFE.
A new discussion explains how to account for uncertainty in multinational capital budgeting decisions.
Students learn how to measure and manage exchange rate risk through a new, integrated discussion.
New content examines implicit barriers to entry in international markets and how MNCs can adapt.
A new discussion explores the tradeoffs involved in international trade policy, encouraging critical thinking and debate.

Part I: THE INTERNATIONAL FINANCIAL ENVIRONMENT.
1. Multinational Financial Management: An Overview.
2. International Flow of Funds.
3. International Financial Markets.
4. Exchange Rate Determination.
5. Currency Derivatives.
Part II: EXCHANGE RATE BEHAVIOR.
6. Government Influence on Exchange Rates.
7. International Arbitrage and Interest Rate Parity.
8. Relationships among Inflation, Interest Rates, and Exchange Rates.
Part III: EXCHANGE RATE RISK MANAGEMENT.
9. Forecasting Exchange Rates.
10. Measuring Exposure to Exchange Rate Fluctuations.
11. Managing Transaction Exposure.
12. Managing Economic Exposure and Translation Exposure.
Part IV: LONG-TERM ASSET AND LIABILITY MANAGEMENT.
13. Direct Foreign Investment.
14. Multinational Capital Budgeting.
15. International Corporate Governance and Control.
16. Country Risk Analysis.
17. Multinational Capital Structure and Cost of Capital.
18. Long-Term Debt Financing.
Part V: SHORT-TERM ASSET AND LIABILITY MANAGEMENT.
19. Financing International Trade.
20. Short-Term Financing.
21. International Cash Management.