Fundamentals of Multinational Finance, Global Edition, 7th edition

For international finance courses.

Real-world examples introduce students to global financial management strategy. Fundamentals of Multinational Finance helps prepare tomorrow's business leaders to comprehend global markets and lead organisations through a constantly changing global environment. Via illuminating case studies and real-world examples, students are introduced to the fundamental concepts and tools necessary to implement an effective global financial management strategy.

The 7th Edition reflects the juxtaposed forces of an increasingly digital global marketplace and a resurgence of nationalist culture and identity.

Key features

• A running case on hypothetical US firm, Trident Corporation, provides a cohesive framework for the multifaceted globalization process.
• End-of-chapter Mini-Cases illustrate the chapter content and extend it to the multinational financial business environment.
• Global Finance in Practice boxes provide accounts of real-world business practices and give insight in the subtle nuances of the conduct of financial management.
• End-of-chapter questions and problems assess students' understanding of the material. All problems are solved using spreadsheet solutions.
• A wealth of illustrations and exhibits provide a visual parallel to the concepts and content presented.
• A student-friendly writing style is combined with a structured presentation of material.

New to this edition

• New Content helps students navigate major emerging markets, new market currencies, government intervention and more.
• Interest Rate Risk and Swaps. A new chapter details the various interest rate risks of the MNE and the practical use of interest rate and cross currency swaps.
• The Foreign Exchange Market and Digital Trade. New material explores how the changing structure of the global foreign exchange market (trading, communication, and settlement) is posing challenges for private players and public regulators and overseers.
• International Taxation. Integrally linked to a world of digital commerce, multinational tax management continues to rise in its significance in multinational financial management.
• Political Risk and Financial Losses. The chapter on foreign direct investment and political risk has been revised to reflect the growing use of restrictions on convertibility, transferability, and the possibility of repudiation or expropriation.
• 11 New Mini-Cases explore many of the edgier debates rising between global business, social policy, and corporate social responsibility. Topics include Argentine debt and vulture investors, Apple's global profit positioning and tax structure, and Brexit and its potential impact on Rolls Royce.