George C. Philippatos - Böcker

The world of finance has been revolutionized in the last twenty years by factors such as the liberalization and subsequent integration of global financial markets and the advances in computing and communications technology. These important changes have led to a stream of financial innovations and theoretical breakthroughs in the area of pricing diverse financial instruments. More than ever before, we witness a process where international securities are traded in a global marketplace.This comprehensive collection encompasses the most recent contributions in the area of international securities. It includes the most important articles on current issues and future development in this key area of international finance. It will be an essential source of reference to researchers, students and practitioners alike.

Stressing the interrelatedness and complexity of the global economy, Multinational Financial Management helps students understand the international financial environment and its various implications. Over the course of 15 chapters, students become familiar with foundational concepts in international finance. The third edition features seven new chapters, a revised introduction, and a new organizational structure. The text is now divided into three parts: The World of Multinational Corporations; International Financial Markets; and Multinationals and Financial Decisions. It explores new topics such as financial management in a world of multinational corporations, developments on MNC theories and practices, foreign direct investment, the finance function in the multinational corporation, capital budgeting for international investment, the multinational's cost of capital and capital structure, and global tax planning and management. Rooted in a strong belief that all business students need to understand international finance, Multinational Financial Management can be used in courses in finance, accounting, and economics.