Multinational Business Finance, 16th edition

  • David K. Eiteman, 
  • Arthur I. Stonehill, 
  • Michael H. Moffett

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Multinational Business Finance trains the leaders of tomorrow's multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase a firm's value, the authors have embedded real-world mini-cases throughout, applying chapter concepts to the types of situations managers of real multinational firms encounter.

The 16th Edition attempts to capture the rapid evolution of our global marketplace. It takes a closer look at the types of organizations that permeate the widespread arena, competition and opportunities in emerging markets. It also examines how financial leadership can integrate the strategic and financial challenges that global businesses face today.

Published by Pearson (February 2nd 2022) - Copyright © 2023

ISBN-13: 9780137669158

Subject: Finance

Category: International Banking & Finance

Table of contents


  1. Multinational Financial Management: Challenges and Opportunities
  2. International Monetary System
  3. The Balance of Payments
  4. Financial Goals, Corporate Governance and the Market for Corporate Control


  1. The Foreign Exchange Market
  2. International Parity Conditions
  • Appendix: An Algebraic Primer to International Parity Conditions
  1. Foreign Currency Derivatives: Futures & Options
  • Appendix: Currency Option Pricing Theory
  1. Interest Rate Risk and Swaps
  2. Foreign Exchange Rate Determination & Intervention


  1. Transaction Exposure
  • Appendix A: Complex Option Hedges
  • Appendix B: The Optimal Hedge Ratio and Hedge Effectiveness
  1. Translation Exposure
  2. Operating Exposure


  1. Global Cost and Availability of Capital
  2. Funding the Multinational Firm
  3. Multinational Tax Management
  4. International Trade Finance


  1. Foreign Direct Investment & Political Risk
  2. Multinational Capital Budgeting & Cross-Border Acquisitions
  • Answers to select end-of-chapter problems

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