David K. Eiteman
David K. Eiteman is Professor Emeritus of Finance at the John E. Anderson Graduate School of Management at UCLA.
Arthur I. Stonehill
Arthur I. Stonehill is a Professor of Finance and International Business, Emeritus, at Oregon State University, where he taught for 24 years (1966-1990).
Michael H. Moffett
Michael H. Moffett is Continental Grain Professor in Finance at the Thunderbird School of Global Management at Arizona State University, where he has been since 1994.
"Part I: Global Financial Environment
1. Multinational Financial Management: Challenges and Opportunities
2. The International Monetary System
3. The Balance of Payments
4. Financial Goals and Corporate Governance
Part II: Foreign Exchange Theory and Markets
5. The Foreign Exchange Market
6. International Parity Conditions
Appendix: An Algebraic Primer to Parity Conditions
7. Foreign Currency Futures and Options
Appendix: Foreign Currency Options Pricing Theory
8: Interest Rate Derivatives and Swaps
9. Exchange Rate Determination and Forecasting
Part III: Foreign Exchange Exposure
10. Transaction Exposure
Appendix: Complex Option Hedges
11. Translation Exposure
12. Operating Exposure
Part IV: Financing the Global Firm
13. The Global Cost and Availability of Capital
14. Raising Equity and Debt Globally
Appendix: Financial Structure of Foreign Subsidiaries
15. Multinational Tax Management
16. International Trade Finance
Part V: Foreign Investment Decisions
17. Foreign Direct Investment and Political Risk
18. Multinational Capital Budgeting and Cross-Border Acquisitions
Answers to select end-of-chapter questions
Glossary
Index
"
Chapters on currency derivatives-futures, options, and swaps-have been combined.
Chapters on translation exposure and operating (economic) exposure have been revised to capture the industry's growing interest and concern over these currency-based company exposures.
Chapters on the financial structures and capital sourcing strategies employed by multinational firms have been restructured and reorganized for a tighter presentation.
Nine chapter mini-cases explore the current global financial market's many challenges, including:
Crowdfunding in Kenya (Chapter 1)
Iceland's Financial Collapse and The Impossible Trinity (Chapter 2)
Global Remittances (Chapter 5)
KiKos (Knock-In & Knock-Out) Options and the South Korean Crisis (Chapter 7)
Argentina's Sovereign Debt and the Vulture Funds (Chapter 8)
Russia Ruble Roulette: Economic Sanctions and the Oil Price Collapse (Chapter 9)
China Noah: A Chinese Firm Managing Indonesian Rupiah Risk (Chapter 10)
Apple's Global iTax Strategy (Chapter 15)
Elan and Royalty Pharma: Discounted Cash Flow of Cross-Border Royalty Streams and M&A (Chapter 18)
A student-friendly writing style combined with a structured presentation of material, beginning with learning objectives for each chapter, and ending with a summarization of how those learning objectives were realized.
A wealth of illustrations and exhibits provide a visual parallel to the concepts and content presented.
A running case on a hypothetical U.S.-based firm, Trident Corporation, provides a cohesive framework for the multifaceted globalization process, and is reinforced in several end-of-chapter problems.
"