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Multinational business finance 7th ed

Multinational business finance 7th ed (Loan 3 times)

Material type
단행본
Personal Author
Eiteman, David K. Stonehill, Arthur I. Moffett, Michael H.
Title Statement
Multinational business finance / David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett ; with a contribution by Cheol S. Eun.
판사항
7th ed.
Publication, Distribution, etc
Reading, Mass. :   Addison-Wesley ,   c1995.  
Physical Medium
xxii, 697 p. : ill. ; 25 cm.
ISBN
0201595575
Bibliography, Etc. Note
Includes bibliographical references and index.
Subject Added Entry-Topical Term
International business enterprises -- Finance.
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001 000000597202
005 20090415093709
008 940210s1995 maua b 001 0 eng
010 ▼a 94007533
020 ▼a 0201595575
040 ▼a DLC ▼c DLC ▼d 211009
049 1 ▼l 911000956 ▼f 국대원
050 0 0 ▼a HG4027.5 ▼b .E36 1995
082 0 4 ▼a 658.15/99 ▼2 22
090 ▼a 658.1599 ▼b E36m7
100 1 ▼a Eiteman, David K. ▼0 AUTH(211009)64309
245 1 0 ▼a Multinational business finance / ▼c David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett ; with a contribution by Cheol S. Eun.
250 ▼a 7th ed.
260 ▼a Reading, Mass. : ▼b Addison-Wesley , ▼c c1995.
300 ▼a xxii, 697 p. : ▼b ill. ; ▼c 25 cm.
504 ▼a Includes bibliographical references and index.
650 0 ▼a International business enterprises ▼x Finance.
700 1 ▼a Stonehill, Arthur I. ▼0 AUTH(211009)18919
700 1 ▼a Moffett, Michael H. ▼0 AUTH(211009)51115

Holdings Information

No. Location Call Number Accession No. Availability Due Date Make a Reservation Service
No. 1 Location Main Library/Graduate School of International Studies/ Call Number 658.1599 E36m7 Accession No. 911000956 Availability Available Due Date Make a Reservation Service M

Contents information

Author Introduction

Michael H. Moffett(지은이)

1994년부터 애리조나주립대학교 선더버드 글로벌 경영대학에서 재무 Continental Grain 교수로 재직 중이다.

Arthur I. Stonehill(지은이)

24년(1966~1990) 동안 강의를 한 오리건주립대학교의 재무 및 국제경영 명예교수이다.

David K. Eiteman(지은이)

UCLA의 John E. Anderson 경영대학원의 재무 명예교수이다.

Information Provided By: : Aladin

Table of Contents


CONTENTS
Part 1 The International Financial Environment = 1
 Chapter 1 Introduction to Multinational Business Finance = 1
  Global View American Multinational Profits Feel the Squeeze = 1
   International Business = 2
   Multinational Financial Activities = 5
   Organization of This Book = 6
   What Is the Goal of Management? = 10
   Market Imperfections: A Rationale for the Continued Prosperity of the Multinational Firm = 13
  Global View "Come Back Multinationals" = 14
   Summary = 17
   Questions = 18
   Bibliography = 20
   Appendix The Theory of Comparative Advantage = 22
 Chapter 2 The International Monetary System = 25
  Global View Can Central Banks Turn the Tide? = 25
   Currency Values and Terminology = 26
   A Brief History of the International Monetary System = 28
   Contemporary Currency Arrangements = 37
   The European Monetary System (EMS) = 41
   Eurocurrencies = 46
   Summary = 48
  Decision Case The Finnish Markka = 48
   Questions = 54
   Bibliography = 55
   Appendix The Creation of Eurodollars = 56
 Chapter 3 Balances and Imbalances of Payments = 59
  Global View U.S. - Japan: Counting What Counts = 59
   Measuring the Balance of Payments = 60
   Imbalances in the Balance of Payments = 67
   Major Country Trends in Trade and Capital Flows = 71
   Summary = 74
  Decision Case Ecuadorian Debt for Development = 74
   Questions = 78
   Bibliography = 79
Part 2 Foreign Exchange Markets = 80
 Chapter 4 The Foreign Exchange Market = 80
  Global View The Global Greenback = 80
   Geographic Extent of the Foreign Exchange Market = 81
   Functions of the Foreign Exchange Market = 82
   Market Participants = 83
   Size of the Market = 86
   Transactions in the Interbank Market = 91
   Foreign Exchange Rates and Quotations = 92
  Global View Roots of the $ Sign = 93
   Summary = 100
   Questions = 101
   Bibliography = 103
   Appendix Foreign Currency Features = 105
 Chapter 5 International Parity Conditions = 108
  Global View Forecasting: Trends We Trust = 108
   Parity Conditions = 109
   Prices and Exchange Rates = 110
   Interest Rates and Exchange Rates = 117
   Forward Rate as an Unbiased Predictor of the Future Spot Rate = 124
   Prices, Interest Rates, and Exchange Rates in Equilibrium = 127
   Exchange Rate Forecasting = 129
   Summary = 134
   Questions = 135
   Bibliography = 138
   Appendix An Algebraic Primer to International Parity Conditions = 142
   The Law of One Price = 142
   Purchasing Power Parity = 142
   Covered Interest Arbitrage (CIA) and Interest Rate Parity (IRP) = 143
   Fisher Effect = 144
   International Fisher Effect = 145
 Chapter 6 Foreign Currency Options = 146
  Global View French Bank Stages Mock Options Market on Super Bowl to Teach Businesses How to Hedge Their Risks = 146
   Vocabulary = 147
   Foreign Currency Options Markets = 148
    Foreign Currency Speculation = 151
   Option Pricing and Valuation = 158
   Summary = 170
   Questions = 171
   Bibliography = 174
   Appendix A Currency Option Pricing Theory = 176
   Appendix B Cumulative Normal Probability Tables = 179
Part 3 Managing Foreign Exchange Exposure = 181
 Chapter 7 Transaction Exposure: Measurement and Management = 181
  Global View Sony's Hedging Is More Profitable Than Its Sales = 181
   Types of Foreign Exchange Exposure = 182
   Measurement of Transaction Exposure = 186
   Contractual Hedges = 188
   Foreign Exchange Contractual Hedging in Practice = 199
   Summary = 203
  Decision Case Lufthansa = 204
   Questions = 210
   Bibliography = 216
 Chapter 8 Operating Exposure = 219
  Global View Daring to Hedge the Unhedgeable = 219
   Transaction Exposure to Operating Exposure = 220
   Operating Exposure Defined = 221
   Measuring the Impact of Operating Exposure = 222
   Illustration of Operating Exposure = 223
   Managing Operating Exposure at the Strategic Level Through Diversification = 230
  Global View Sourcing from Thailand = 231
   Managing Operating Exposure by Changing Operating Policies = 233
   Managing Operating Exposure by Changing Financing Policies = 237
   Operating Exposure Management in Practice = 241
   Summary = 243
  Illustrative Case An Example of Operating Exposure Management: Statoil of Norway = 244
   Questions = 245
   Bibliography = 249
 Chapter 9 Accounting Exposure = 251
  Global View Rethinking Functional Currencies = 251
   Current Rate Method = 252
   Monetary/Nonmonetary Method = 253
   Temporal Method = 254
   Technical Aspects of Translation = 254
   Current Rate and Monetary/Nonmonetary Translation Example = 257
   Comparison of Accounting Exposure with Operating Exposure = 261
   Consolidation of Accounts = 262
   Managing Accounting Exposure = 265
   Summary = 268
  Decision Case Computer International, Inc. = 269
   Questions = 276
   Bibliography = 279
Part 4 Financing from a Global Perspective = 281
 Chapter 10 Internationalizing the Cost of Capital = 281
  Global View Foreign Firms Tap U.S. Capital Markets = 281
   Improving Market Liquidity = 282
   Overcoming Market Segmentation = 284
   Novo Industry A/S (Novo) = 288
   Are Capital Markets Segmented Today? = 294
   Summary = 295
   Questions = 297
   Bibliography = 299
   Appendix Weighted Average Cost of Capital = 301
 Chapter 11 Designing the Financial Structure = 304
  Global View Capital and Ownership Structure = 304
   Theory of Optimal Financial Structure = 305
   Financial Structure of Foreign Affiliates = 309
   Choosing Among Sources of Funds to Finance Foreign Affiliates = 315
   Summary = 317
   Questions = 318
   Bibliography = 319
 Chapter 12 Sourcing Equity Internationally = 321
  Global View Privatization and ADRs = 321
   Why CrossList on Foreign Stock Exchanges? = 322
   Barriers to Crosslisting = 325
   Where to Crosslist = 326
   Sourcing New Equity Shares in International Markets = 331
  Global View "A New Kind of Arbitrage" = 335
   Summary = 339
   Questions = 339
   Bibliography = 341
 Chapter 13 Sourcing Debt Internationally = 344
  Global View Foreign Companies Borrow in Cheap U.S. Markets = 344
   Debt Management and Funding Goals = 345
    International Debt Markets: Instrument Choices = 350
   International Bank Loans = 351
   The Euronote Market = 353
   The International Bond Market = 357
   Summary = 363
   Questions = 364
   Bibliography = 367
 Chapter 14 Interest Rate Risk Management = 369
  Global View Interest Rate Risk Management at Apple = 369
   Growing Need for Interest Rate Risk Management = 370
   Defining Interest Rate Risk = 370
   Management of Interest Rate Risk = 373
   Outright Instruments and Techniques = 377
   Option-Based Instruments and Techniques = 387
   Counterparty Risk = 397
   Summary = 399
  Decision Case British Columbia Hydro = 400
   Questions = 406
   Bibliography = 409
Part 5 Trade Financing = 411
 Chapter 15 International Banking = 411
  Global View Foreign Banks Return to Mexico = 411
    International Financial Centers = 412
   International Strategies of Banks = 416
   Types of Banking Offices = 419
   Comparing Bank Services = 425
   Risks in International Lending to Developing Countries = 427
   Analysis of Country Risk = 430
   Strategies for Managing Country Risk = 433
   Summary = 434
   Questions = 435
   Bibliography = 436
 Chapter 16 Import and Export Financing = 438
  Global View The Ukraine's Eximbank's Problems = 438
   Benefits of the System = 440
   Letter of Credit = 442
   Draft = 448
   Bill of Lading = 452
   Additional Documents = 453
   Summary: Documentation in a Typical Trade Transaction = 454
   Government Programs to Help Finance Exports = 456
   Countertrade = 458
   Summary = 463
   Questions = 464
   Bibliography = 465
Part 6 Foreign Investment Decisions = 467
 Chapter 17 Corporate Strategy and Foreign Investment = 467
  Global View Giants in China Build-Up = 467
   Whether to Invest Abroad = 469
   Does the Firm Have a Sustainable Competitive Advantage in the Home Market? = 470
   Product and Factor Market Imperfections = 473
   Internalization = 477
   Where to Invest Abroad = 479
   The Internationalization Process = 479
   Multinational Firms in a Network Perspective = 480
  Global View When Two Giants Meet = 481
   How to Invest Abroad: Modes of Foreign Involvement = 481
   Summary = 487
  Decision Case Silica Glass, Inc. = 489
   Questions = 495
   Bibliography = 497
 Chapter 18 Political Risk Management = 500
  Global View Foreign Investment in China = 500
   Macro Risks = 502
   Micro Risk: Goal Conflict = 503
   Micro Risk: Corruption = 508
   Host Government Regulations That Hinder Operations of Multinational Firms = 509
   Assessing Political Risk = 513
  Global View The U.S.'s Country-Risk Problem = 513
   Negotiating the Environment Prior to Investment = 515
    Operating Strategies After the Investment Decision = 516
   Crisis Planning = 519
   Summary = 521
   Questions = 521
   Bibliography = 523
 Chapter 19 Multinational Capital Budgeting = 525
  Global View Of Mice, Men and Money = 525
   Foreign Complexities = 526
   Project Versus Parent Valuation = 527
   Kim Electronics (Kimtron) = 532
   Summary = 541
   Questions = 542
   Bibliography = 545
 Chapter 20 International Portfolio Investments = 547
  Global View Currency Risk and Overseas Investment = 547
   Global Risk Diversification: A Case for International Investment = 548
   Risk and Return in the World Stock Markets = 551
   Choice of an Optimal International Portfolio = 553
   Effect of Fluctuating Exchange Rates = 557
   Performance of International Mutual Funds = 560
   Do Multinationals Provide International Diversification? = 562
   A Word of Caution = 564
   Summary = 565
   Questions = 566
   Bibliography = 567
Part 7 Controlling International Operations = 570
 Chapter 21 Principles of Multinational Taxation = 570
  Global View California's Unitary Tax and Barclays = 570
   Tax Morality = 571
   Tax Neutrality = 572
   National Tax Environments = 573
   Tax Dimensions of Multinational Operations = 578
   U.S. Taxation of Foreign-Source Income = 582
   Foreign Tax Credits = 584
   Foreign Sales Corporation (FSC) = 589
   Possessions Corporation = 592
  Global View Puerto Rico's Shaky Tax Credit = 593
   Summary = 594
   Questions = 595
   Bibliography = 596
 Chapter 22 Working Capital Management = 598
  Global View SmithKline Beecham and Global Netting = 598
   Constraints on Positioning Funds = 599
   Unbundling International Fund Transfers = 599
   International Dividend Remittances = 600
   Royalties, Fees, and Home Office Overhead = 601
   Transfer Pricing = 604
   Managerial Incentives and Evaluation = 607
   Blocked Funds = 610
   Managing International Cash Balances = 615
   Managing Receivables = 621
   Inventory Management = 626
   Summary = 628
  Decision Case Tektronix B = 628
   Questions = 636
   Bibliography = 639
 Chapter 23 Advanced Topics in Currency Risk Management = 641
  Global View Lost in a Maze of Hedges = 641
   The Currency Hedge Ratio = 642
   Financial Engineering and Risk Management = 648
   Second-Generation Currency Risk Management Products = 652
  Global View Hedging with the Mexican Cobertura = 653
   Exotic Options = 658
   Summary = 662
  Decision Case ZAPA Chemical and BuBa = 663
   Questions = 670
   Bibliography = 672
Glossary = 674
Author Index = 687
Subject Index = 689
Index of Named Cases and Problems = 696


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