This text approaches multinational business finance from a management point of view, giving students both the theoretical foundation and practical knowledge of understanding and managing a multinational firm. Features new to this edition include: a chapter on interest rate management, detailing the theory of interest rate risk, its measures, financial instruments used in its management and industry practices; six case studies to show real-world applications and issues on current multinational financial topics; and sections on sourcing equity for the multinational firm, detailing the significance of expanding international equity listings and issuances by multinational firms.
Very high number of errors in the end-of-chapter exercises. I will never, ever understand the fact that in higher education, it is completely appropriate to expect flawlessness from students, while selling them outrageously expensive textbooks that are full of typos, miscalculations, misprints and just plain incompetence.
It is a graduate level international finance book, so it sometimes becomes hard to understand if you are not good at the fundamental. But, otherwise, it is very comprehensive and the authors are prominent in their field.