| ||||||||||||||||||||||||
 Trade In this Item for up to £18.50
Get an extra £5 when you trade in books worth £10 or more until June 30, 2012. Trade in Multinational Financial Management: International Student Version for an Amazon.co.uk gift card of up to £18.50, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
Frequently Bought Together
Product details
|
More About the Author
Product Description
Product Description
As more businesses in today’s economy are moving towards a global reach, it is essential for finance students to understand how the fundamentals of corporate finance relate to multinational firms. Shapiro’s Multinational Financial Management 9th Edition provides that conceptual framework within which key financial decisions of a multinational firm can be analyzed. The author’s comprehensive approach is to treat international financial management as a natural extension of the principles learned in the first course in financial management. The book builds its coverage of international finance on the framework of valuation established by domestic corporate finance. It can be used in courses in International Financial Management and International Finance at the upper–level undergraduate or MBA level.
From the Back Cover
Specific guidelines for making financial decisions in an international context
Learn how to make sound financial decisions in the multinational firm with Alan Shapiro’s Eighth Edition of Multinational Financial Management. Shapiro provides a clear conceptual framework for analyzing key financial decisions in multinational firms–a framework that you can rely on throughout your career.
Learn how to make sound financial decisions in the multinational firm with Alan Shapiro’s Eighth Edition of Multinational Financial Management. Shapiro provides a clear conceptual framework for analyzing key financial decisions in multinational firms–a framework that you can rely on throughout your career.
Keep up with current financial events around the globe.
The new Eighth Edition is thoroughly updated with enhanced discussions of the impact of China on the international financial system, current issues facing the euro, the debate over outsourcing, the political considerations underlying the debate over protectionism, the competitive devaluations during 2003, and more.
Make smart decisions.
Multinational Financial Management focuses on decision making in an international context. The text presents analytical techniques that translate the often vague rules of thumb used by international financial executives into specific decision criteria.
Learn how to take advantage of being multinational.
Too often companies focus on the threats and risks inherent in venturing abroad. In contrast, Alan Shapiro emphasizes the opportunities that are available to multinational firms, such as the ability to obtain a greater degree of international diversification and the ability to arbitrage between imperfect capital markets.
Examine real international financial problems.
Throughout the text, a variety of real–life cases and examples, including new mini–cases in most chapters, demonstrate how to use financial analysis and reasoning to solve real international financial problems.
--This text refers to the
Hardcover
edition.
Inside This Book
(Learn More)
Browse and search another edition of this book.
Browse and search another edition of this book.
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
Most Helpful Customer Reviews
0 of 1 people found the following review helpful
Format:Hardcover
Very descriptive with a lot of real cases in order to demonstrate the multinational financial environment.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
13 reviews
7 of 7 people found the following review helpful
Good Introduction to the Subject, in Some Parts too Brief
13 Dec 2004
Format:Hardcover
The book "Multinational Financial Management" is a good introduction to this rather complex subject. It is written well and contains a lot of examples and historical references. Some of the chapters in the second part are kept a tad too short though.
The book covers the main topics of international financial management, the environment of international financial management, foreign exchange and derivatives market and risk management, financing of multinational corporations, foreign investment analysis and multinational working capital management in 5 main sections.
I found most parts of the text to be very well readable and easy to understand. All concepts are backed up by examples and separate illustrations discussing a real event in more or less detail. This works especially well in the first chapters of the text covering the simpler concepts. Subjects like international monetary systems or country risk analysis (to just mention a few) are covered in great detail, and the required math, e.g. the formulas used for the parity conditions and the Fisher Effect, are illustrated with enough examples even for someone with little or no mathematical background.
The parts of the book covering derivatives is too short and the theory provided does not go deep enough in order to comprehend the more complex examples easily. Trying to figure out the mechanics of Kodak's Zero Coupon Australian Dollar Interest Rate/Currency Swap involving 11 parties, multiple swaps and currencies was no easy task after a mere 2 1/2 page theoretical introduction to currency swaps. There are better books for understanding currency swaps.
Other parts not covered deep enough were the chapters on international project and firm evaluation (covering subject like WACC and CAPM). With just this book, it is impossible to get an idea of the real meaning of these models and techniques. Too many details are omitted that should have been covered. Granted, these are more complex subjects, but maybe the author should have either keep the book focused on the main topics or split the content over two books.
Overall, the first part of the book is very useful, but the more complex subjects are not covered with the depth they require.
The book covers the main topics of international financial management, the environment of international financial management, foreign exchange and derivatives market and risk management, financing of multinational corporations, foreign investment analysis and multinational working capital management in 5 main sections.
I found most parts of the text to be very well readable and easy to understand. All concepts are backed up by examples and separate illustrations discussing a real event in more or less detail. This works especially well in the first chapters of the text covering the simpler concepts. Subjects like international monetary systems or country risk analysis (to just mention a few) are covered in great detail, and the required math, e.g. the formulas used for the parity conditions and the Fisher Effect, are illustrated with enough examples even for someone with little or no mathematical background.
The parts of the book covering derivatives is too short and the theory provided does not go deep enough in order to comprehend the more complex examples easily. Trying to figure out the mechanics of Kodak's Zero Coupon Australian Dollar Interest Rate/Currency Swap involving 11 parties, multiple swaps and currencies was no easy task after a mere 2 1/2 page theoretical introduction to currency swaps. There are better books for understanding currency swaps.
Other parts not covered deep enough were the chapters on international project and firm evaluation (covering subject like WACC and CAPM). With just this book, it is impossible to get an idea of the real meaning of these models and techniques. Too many details are omitted that should have been covered. Granted, these are more complex subjects, but maybe the author should have either keep the book focused on the main topics or split the content over two books.
Overall, the first part of the book is very useful, but the more complex subjects are not covered with the depth they require.
7 of 8 people found the following review helpful
Sometimes Wordy
21 Aug 2005
Format:Hardcover
This is one of the better books for a course in international finance. It has cases in the text, which allows the student to get the real world intuition of the topics that are being covered. This is not a text that only extends capital budgeting to an international setting, it also includes some concepts borrowed from international economics (e.g. purchasing power parity, interest rate parity, covered interest arbitrage, etc.). It also looks into some risk management practices that are relevant for multinational corporations. However, I feel that some topics could have been cut short and the author just wanted to add a few (hundred) more pages to the text.
5 of 6 people found the following review helpful
Verbose and Obtuse
14 Nov 2006
Format:Hardcover
I used this book for the first and last time in Autumn term 2006 with 28 foreign students in my Global Finance MBA course. When one wishes to make money by consistently reissuing new editions he has an obligation to update it at least minimally, (The Paul Samuelson Rule). In this case Greed is not good.
Hence, my exasperation when I open the 2006 edition of the book and on the first page learn that the currency of Belgium is the Belgian franc, the currency of Ireland is the pound,(Ireland's curency was never the pound; it was the punt) or that Germany still has the DM. Many of students lost points on a midterm because they thought the currency of Finland is is the markka. Shapiro in 2006 says so. On the next page he fails to mention Monaco; there are a lot of capital flows internationally through Monoco. And on that page Spain still has a peseta.Portugal has escudos.
The book also suffers from wordiness. I did like the key phrases section in each chapter; I thought at least that all key phrases would be included in the glossary but I could find all there. There is a certain obtuseness which I did find perplexed my students sometimes, who did not quite enjoy this book as I had hoped. We would not use it again.
I tried to contact the author by email with several queries but did not experience the courtesy of a reply.
Hence, my exasperation when I open the 2006 edition of the book and on the first page learn that the currency of Belgium is the Belgian franc, the currency of Ireland is the pound,(Ireland's curency was never the pound; it was the punt) or that Germany still has the DM. Many of students lost points on a midterm because they thought the currency of Finland is is the markka. Shapiro in 2006 says so. On the next page he fails to mention Monaco; there are a lot of capital flows internationally through Monoco. And on that page Spain still has a peseta.Portugal has escudos.
The book also suffers from wordiness. I did like the key phrases section in each chapter; I thought at least that all key phrases would be included in the glossary but I could find all there. There is a certain obtuseness which I did find perplexed my students sometimes, who did not quite enjoy this book as I had hoped. We would not use it again.
I tried to contact the author by email with several queries but did not experience the courtesy of a reply.
Were these reviews helpful?
Let us know
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
