{"product_id":"international-corporate-finance-isbn-9781119550464","title":"International Corporate Finance","description":"\u003cp\u003eAs globalization is redefining the field of corporate finance, international finance is now part and parcel of the basic literacy of any financial executive. This is why \u003ci\u003eInternational Corporate Finance\u003c\/i\u003e is a “must” text for upper-undergraduates, MBAs aspiring to careers in global financial services and budding finance professionals.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInternational Corporate Finance\u003c\/i\u003e offers thorough coverage of the international monetary system, international financing, foreign exchange risk management and cross-border valuation. Additionally, the book offers keen insight on how disintermediation, deregulation and securitization are re-shaping global capital markets.\u003c\/p\u003e \u003cp\u003eWhat is different about \u003ci\u003eInternational Corporate Finance\u003c\/i\u003e?\u003c\/p\u003e \u003cul\u003e \u003cli\u003eEach chapter opens with a real-life mini-case to anchor theoretical concepts to managerial situations.\u003c\/li\u003e \u003cli\u003eProvides simple decision rules and “how to do” answers to key managerial issues.\u003c\/li\u003e \u003cli\u003e\n\u003ci\u003eCross-border Mergers \u0026amp; Acquisitions, Project Finance\u003c\/i\u003e, \u003ci\u003eIslamic Finance, Asian Banking \u0026amp; Finance \u003c\/i\u003eare completely new chapters that no other textbooks currently cover.\u003c\/li\u003e \u003cli\u003eAccompanied with a comprehensive instructor support package which includes case studies, an Instructor’s Manual, PowerPoint slides, Multiple Choice Questions and more.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxv\u003c\/p\u003e \u003cp\u003eAbout the Author xxvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What is International Corporate Finance? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Uneven Reach of Globalization 2\u003c\/p\u003e \u003cp\u003eThe Rise of the Multinational Corporation 3\u003c\/p\u003e \u003cp\u003eWhat is Different about International Corporate Finance? 6\u003c\/p\u003e \u003cp\u003eRisks in the Wonderland of International Finance 8\u003c\/p\u003e \u003cp\u003eInternationalization and the Locus of the Finance Function 12\u003c\/p\u003e \u003cp\u003eThe International Control Conundrum 15\u003c\/p\u003e \u003cp\u003eExploiting The Multinational Enterprise System 16\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 19\u003c\/p\u003e \u003cp\u003eReferences 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The International Monetary Environment 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Exchange Rates Regimes 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome First Principles about Exchange Rate Determination 24\u003c\/p\u003e \u003cp\u003eWorld Map of Exchange Rate Regimes: The Flexibility × Convertibility Space 29\u003c\/p\u003e \u003cp\u003eFloating Exchange Rates 31\u003c\/p\u003e \u003cp\u003eStabilized or Pegged Exchange Rates 39\u003c\/p\u003e \u003cp\u003eControlled Exchange Rates 46\u003c\/p\u003e \u003cp\u003eTo Float or to Fix: The Trilemma of International Finance 49\u003c\/p\u003e \u003cp\u003eSummary 50\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 51\u003c\/p\u003e \u003cp\u003eProblems 52\u003c\/p\u003e \u003cp\u003eInternet Exercises 54\u003c\/p\u003e \u003cp\u003eReferences 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Yesterday and Yesteryear 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChronology of the International Monetary System 58\u003c\/p\u003e \u003cp\u003eThe Gold Standard (1878–1914, 1925–1931) 61\u003c\/p\u003e \u003cp\u003eThe Bretton Woods System (1944–1971) 63\u003c\/p\u003e \u003cp\u003eManaged Floating Exchange Rates (1973–Present) 67\u003c\/p\u003e \u003cp\u003eEuropean Monetary System and the European Currency Unit (1979–1999) 68\u003c\/p\u003e \u003cp\u003eEmerging Markets Currency Regimes and Crises 72\u003c\/p\u003e \u003cp\u003eEuropean Monetary Union and the Birth of the Euro (1999–Present) 76\u003c\/p\u003e \u003cp\u003eToday and Tomorrow: The Current Map of Exchange Rates 84\u003c\/p\u003e \u003cp\u003eSummary 86\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 87\u003c\/p\u003e \u003cp\u003eProblems 88\u003c\/p\u003e \u003cp\u003eInternet Exercises 90\u003c\/p\u003e \u003cp\u003eReferences 90\u003c\/p\u003e \u003cp\u003eCase Study 3.1: Will the Eurozone Shutter? Plant Location and Exchange Rates for Hyundai 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Balance of Payments 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamentals of Balance of International Payments Accounting 100\u003c\/p\u003e \u003cp\u003eCurrent Account 105\u003c\/p\u003e \u003cp\u003eFinancial Account 107\u003c\/p\u003e \u003cp\u003eOfficial Reserve Account 109\u003c\/p\u003e \u003cp\u003eStatistical Discrepancies: Errors and Omissions 111\u003c\/p\u003e \u003cp\u003eBalance of Payments and the Foreign Exchange Market 111\u003c\/p\u003e \u003cp\u003eDebtor Versus Creditor Nations 115\u003c\/p\u003e \u003cp\u003eLinking the Balance of Payments to National Income 118\u003c\/p\u003e \u003cp\u003eSummary 119\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 120\u003c\/p\u003e \u003cp\u003eProblems 121\u003c\/p\u003e \u003cp\u003eInternet Exercises 122\u003c\/p\u003e \u003cp\u003eReferences 124\u003c\/p\u003e \u003cp\u003eCase Study 4.1: When One of the BRIC(k)s Falls: Trials and Tribulations of the Indian Rupee 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Foreign Exchange Market and Currency Derivatives 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Foreign Exchange Market 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Forex is Traded: The Institutional Framework 132\u003c\/p\u003e \u003cp\u003eForeign Exchange Products 140\u003c\/p\u003e \u003cp\u003eExchange Rate Quotations 142\u003c\/p\u003e \u003cp\u003eSummary 155\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 156\u003c\/p\u003e \u003cp\u003eProblems 157\u003c\/p\u003e \u003cp\u003eInternet Exercises 160\u003c\/p\u003e \u003cp\u003eReferences 160\u003c\/p\u003e \u003cp\u003eCase Study 5.1: Banco Mercantil Internacional’s Forex Losses 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Interest Rate Arbitrage and Parity 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInterest Rate Arbitrage Theorem 166\u003c\/p\u003e \u003cp\u003eInterest Rate Parity 174\u003c\/p\u003e \u003cp\u003eUncovered Interest Rate Arbitrage and the Carry Trade 181\u003c\/p\u003e \u003cp\u003eSummary 184\u003c\/p\u003e \u003cp\u003eAppendix 6A: Transaction Costs: Interest Rate Arbitarge with Bid-Ask Spreads (Advanced) 185\u003c\/p\u003e \u003cp\u003eAppendix 6B: Interest Rate Parity and Asymmetric Taxation 187\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 188\u003c\/p\u003e \u003cp\u003eProblems 188\u003c\/p\u003e \u003cp\u003eInternet Exercises 195\u003c\/p\u003e \u003cp\u003eReferences 195\u003c\/p\u003e \u003cp\u003eCase Study 6.1: Brazil Rede Globo’s Short-Term Funding 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Purchasing Power Parity and the International Parities Framework 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePurchasing Power Parity 200\u003c\/p\u003e \u003cp\u003eThe Linkages Between Interest, Inflation, and Exchange Rates 213\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 220\u003c\/p\u003e \u003cp\u003eProblems 220\u003c\/p\u003e \u003cp\u003eInternet Exercises 221\u003c\/p\u003e \u003cp\u003eReferences 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Currency Futures and Options 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History of Derivatives 223\u003c\/p\u003e \u003cp\u003eCurrency Futures 228\u003c\/p\u003e \u003cp\u003eCurrency Options 234\u003c\/p\u003e \u003cp\u003eRisk Profile of Currency Options 236\u003c\/p\u003e \u003cp\u003eOption Strategies 239\u003c\/p\u003e \u003cp\u003ePut-Call Parity Theorem 245\u003c\/p\u003e \u003cp\u003eThe Valuation of Currency Options 248\u003c\/p\u003e \u003cp\u003eDerivatives and Zero-Premium Options 254\u003c\/p\u003e \u003cp\u003eSummary 258\u003c\/p\u003e \u003cp\u003eAppendix 8A: Pricing Currency Options 259\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 261\u003c\/p\u003e \u003cp\u003eProblems 261\u003c\/p\u003e \u003cp\u003eInternet Exercises 264\u003c\/p\u003e \u003cp\u003eReferences 264\u003c\/p\u003e \u003cp\u003eCase Study 8.1: Daewoo’s Unorthodox Funding Strategy 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three International Financing 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The International Financial Sector and the Dynamics of Global Capital Markets 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancing as a Global Procurement Decision 272\u003c\/p\u003e \u003cp\u003eThe Financial System and Financial (Dis)Intermediation 273\u003c\/p\u003e \u003cp\u003eSecuritization and the (Lower) Cost of Consumer Financing 281\u003c\/p\u003e \u003cp\u003eDeregulation 287\u003c\/p\u003e \u003cp\u003eMapping the Financial System\/Capital Market Emergence Process 290\u003c\/p\u003e \u003cp\u003eSummary 297\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 298\u003c\/p\u003e \u003cp\u003eProblems 298\u003c\/p\u003e \u003cp\u003eInternet Exercises 300\u003c\/p\u003e \u003cp\u003eReferences 300\u003c\/p\u003e \u003cp\u003eCase Study 9.1: How Thai Airways FOILs Jet Fuel Price Risk 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Sourcing Equity Globally 307\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Grand Tour of Equity Markets 308\u003c\/p\u003e \u003cp\u003eGlobal Equity Financing as a Procurement Decision 317\u003c\/p\u003e \u003cp\u003eInternationalizing the Cost of Capital: The Landmark Case of Novo Industri 318\u003c\/p\u003e \u003cp\u003eWhy do Firms Cross-List? 323\u003c\/p\u003e \u003cp\u003eHow to Source Equity Globally 325\u003c\/p\u003e \u003cp\u003eSummary 331\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 332\u003c\/p\u003e \u003cp\u003eProblems 333\u003c\/p\u003e \u003cp\u003eInternet Exercises 334\u003c\/p\u003e \u003cp\u003eReferences 335\u003c\/p\u003e \u003cp\u003eCase Study 10.1: Jazztel’s Foreign IPO 335\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Sourcing Debt from Global Bond Markets 345\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe International Debt Procurement Decision 346\u003c\/p\u003e \u003cp\u003eGrand Tour of the Global Debt Market 347\u003c\/p\u003e \u003cp\u003eCost of Foreign Currency Debt Financing 356\u003c\/p\u003e \u003cp\u003eDebt Refinancing 361\u003c\/p\u003e \u003cp\u003eThe International Debt Financing Conundrum 364\u003c\/p\u003e \u003cp\u003eSummary 366\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 366\u003c\/p\u003e \u003cp\u003eProblems 367\u003c\/p\u003e \u003cp\u003eInternet Exercises 372\u003c\/p\u003e \u003cp\u003eReferences 372\u003c\/p\u003e \u003cp\u003eCase Study 11.1: McDonald’s Dim Sum Bonds: “Lovin’ It” 372\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Currency, Interest Rate, and Credit Default Swaps 377\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrency Swaps 378\u003c\/p\u003e \u003cp\u003eInterest Rate Swaps 383\u003c\/p\u003e \u003cp\u003eCredit Default Swaps 391\u003c\/p\u003e \u003cp\u003eSummary 397\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 397\u003c\/p\u003e \u003cp\u003eProblems 398\u003c\/p\u003e \u003cp\u003eInternet Exercises 400\u003c\/p\u003e \u003cp\u003eReferences 400\u003c\/p\u003e \u003cp\u003eCase Study 12.1: The Demise of AIG 400\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 International Trade Financing 405\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History of International Trade 406\u003c\/p\u003e \u003cp\u003eThe Trilogy of Risks in Exporting 407\u003c\/p\u003e \u003cp\u003eManaging Credit Risk 409\u003c\/p\u003e \u003cp\u003eManaging Currency Risk 410\u003c\/p\u003e \u003cp\u003eManaging Country Risk 411\u003c\/p\u003e \u003cp\u003eThe Mechanics of Trade Financing with a Letter of Credit 412\u003c\/p\u003e \u003cp\u003eFinancing Exports 415\u003c\/p\u003e \u003cp\u003ePre-Export Financing 418\u003c\/p\u003e \u003cp\u003eGovernment-Sponsored Export Credit Agencies 422\u003c\/p\u003e \u003cp\u003eSummary 423\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 424\u003c\/p\u003e \u003cp\u003eProblems 424\u003c\/p\u003e \u003cp\u003eInternet Exercises 426\u003c\/p\u003e \u003cp\u003eCase Study 13.1: Warrick Pharmaceuticals Inc. 426\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Managing Foreign Exchange Risk 431\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 The Case for Foreign Exchange Risk Management 433\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Foreign Exchange Risk Management and its Objectives 435\u003c\/p\u003e \u003cp\u003eCan Hedging Currency Risk Increase the Value of the Firm? 437\u003c\/p\u003e \u003cp\u003eWhen is Hedging Currency Risk Irrelevant? 440\u003c\/p\u003e \u003cp\u003eFrom Hedging to Managing Currency Risk 441\u003c\/p\u003e \u003cp\u003eThe Building Blocks of Foreign Exchange Risk Management 443\u003c\/p\u003e \u003cp\u003eSummary 445\u003c\/p\u003e \u003cp\u003eAppendix 14A: Foreign Exchange Risk Management: What do Firms do? 446\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 446\u003c\/p\u003e \u003cp\u003eReferences 447\u003c\/p\u003e \u003cp\u003eCase Study 14.1: Bio-Oils Energy S.L. 447\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Forecasting Exchange Rates 455\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarket-Based Forecasts 456\u003c\/p\u003e \u003cp\u003eModel-Based Forecasts: Technical Versus Econometric Modeling Approaches 461\u003c\/p\u003e \u003cp\u003eComposite Forecasts 468\u003c\/p\u003e \u003cp\u003eHow to Use Currency Forecasts 469\u003c\/p\u003e \u003cp\u003eSummary 470\u003c\/p\u003e \u003cp\u003eAppendix 15A: Forecasting Pegged Yet Adjustable Exchange Rates 470\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 476\u003c\/p\u003e \u003cp\u003eProblems 477\u003c\/p\u003e \u003cp\u003eInternet Exercises 479\u003c\/p\u003e \u003cp\u003eReferences 479\u003c\/p\u003e \u003cp\u003eCase Study 15.1: Euclides Engineering, Ltd. 480\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Managing Transaction Exposure 483\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Transaction Exposure 484\u003c\/p\u003e \u003cp\u003eThe Mechanics of Hedging Transaction Exposure 488\u003c\/p\u003e \u003cp\u003eHedging and Financing International Trade 500\u003c\/p\u003e \u003cp\u003eEliminating Foreign Exchange Rate Risk in Long-Term Contracts 501\u003c\/p\u003e \u003cp\u003eExchange Rate Risk in International Bidding 508\u003c\/p\u003e \u003cp\u003eHow Much to Hedge Transaction Exposure 512\u003c\/p\u003e \u003cp\u003eSummary 513\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 514\u003c\/p\u003e \u003cp\u003eProblems 514\u003c\/p\u003e \u003cp\u003eReferences 520\u003c\/p\u003e \u003cp\u003eCase Study 16.1: Hedging Currency Risk at TT Textiles 521\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Managing Translation Exposure 531\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is Translation Exposure? 531\u003c\/p\u003e \u003cp\u003eShould Translation Exposure be Hedged? 532\u003c\/p\u003e \u003cp\u003eAlternative Translation Methods 533\u003c\/p\u003e \u003cp\u003eThe Mechanics of Contractual Hedging 539\u003c\/p\u003e \u003cp\u003eThe Mechanics of Financial Hedging 546\u003c\/p\u003e \u003cp\u003eSummary 550\u003c\/p\u003e \u003cp\u003eAppendix 17A: Accounting Valuation and the Concept of Translation Exposure 551\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 555\u003c\/p\u003e \u003cp\u003eProblems 555\u003c\/p\u003e \u003cp\u003eInternet Exercises 560\u003c\/p\u003e \u003cp\u003eReferences 560\u003c\/p\u003e \u003cp\u003eCase Study 17.1: Wilkinson Sword’s Trials and Tribulations in Turkey 560\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Managing Economic Exposure 567\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Taxonomy of Economic Exposures 568\u003c\/p\u003e \u003cp\u003eToward an Operational Measure of Economic Exposure 575\u003c\/p\u003e \u003cp\u003eManaging Operating Exposure 578\u003c\/p\u003e \u003cp\u003eSummary 583\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 584\u003c\/p\u003e \u003cp\u003eProblems 584\u003c\/p\u003e \u003cp\u003eReferences 587\u003c\/p\u003e \u003cp\u003eCase Study 18.1: Peugeot Citroën SA’s Economic Exposure to the South Korean Won 588\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Cross-Border Valuation and Foreign Investment Analysis 591\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Foreign Market Entry Strategies and Country Risk Management 593\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eContractual Modes of Foreign Market Entry 594\u003c\/p\u003e \u003cp\u003eForeign Market Entry Through Foreign Direct Investments 599\u003c\/p\u003e \u003cp\u003eCountry Risk 600\u003c\/p\u003e \u003cp\u003eCosts\/Benefits of Foreign Direct Investment to Host Countries 608\u003c\/p\u003e \u003cp\u003eSummary 612\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 613\u003c\/p\u003e \u003cp\u003eInternet Exercises 613\u003c\/p\u003e \u003cp\u003eReferences 614\u003c\/p\u003e \u003cp\u003eCase Study 19.1: Carrefour’s Indian Entry Strategy 614\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 International Capital Budgeting 619\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Foreign Direct Investment Decision-Making Process 619\u003c\/p\u003e \u003cp\u003eA Primer on Evaluating Investment Opportunities 622\u003c\/p\u003e \u003cp\u003eWhat is Different About Evaluating Foreign Investment Proposals? 624\u003c\/p\u003e \u003cp\u003eCase Study: Renault Invests in India 629\u003c\/p\u003e \u003cp\u003eGlobal Cost of Equity Capital 639\u003c\/p\u003e \u003cp\u003eOptimal Worldwide Capital Structure 643\u003c\/p\u003e \u003cp\u003eSummary 644\u003c\/p\u003e \u003cp\u003eAppendix 20A: Adjusted Present Value 645\u003c\/p\u003e \u003cp\u003eAppendix 20B: Real Options 648\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 656\u003c\/p\u003e \u003cp\u003eProblems 656\u003c\/p\u003e \u003cp\u003eInternet Exercises 660\u003c\/p\u003e \u003cp\u003eReferences 660\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Cross-Border Mergers and Acquisitions 661\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History of Mergers and Acquisitions 662\u003c\/p\u003e \u003cp\u003eThe Industrial Logic of Mergers and Acquisitions 662\u003c\/p\u003e \u003cp\u003eAre Cross-Border Acquisitions Different? 664\u003c\/p\u003e \u003cp\u003eValuation of Foreign Acquisitions 671\u003c\/p\u003e \u003cp\u003eCiments Lafarge Enters Vietnam 673\u003c\/p\u003e \u003cp\u003eSummary 680\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 681\u003c\/p\u003e \u003cp\u003eProblems 681\u003c\/p\u003e \u003cp\u003eInternet Exercises 683\u003c\/p\u003e \u003cp\u003eCase Study 21.1: Etihad’s Proposed Acquisition of Malaysia Airlines 684\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Project Finance 689\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is Project Finance? 690\u003c\/p\u003e \u003cp\u003eAnatomy of Project Finance: The Case of the Ras Laffan Liquefied Natural Gas Company 696\u003c\/p\u003e \u003cp\u003eValuing Project Finance: The Esty Model 696\u003c\/p\u003e \u003cp\u003eSummary 704\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 705\u003c\/p\u003e \u003cp\u003eReferences 705\u003c\/p\u003e \u003cp\u003eCase Study 22.1: Clean Infra Ltd Project Finance 706\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Global Investing 713\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Basics of International Portfolio Management 714\u003c\/p\u003e \u003cp\u003eThe Gains from International Diversification 722\u003c\/p\u003e \u003cp\u003eTrials and Tribulations in Foreign Equity Investing 729\u003c\/p\u003e \u003cp\u003eCurrency Risk in Global Investing 730\u003c\/p\u003e \u003cp\u003eAlternative Modes of Investing in Foreign Equity 733\u003c\/p\u003e \u003cp\u003eThe New Landscape of Global Investing 734\u003c\/p\u003e \u003cp\u003eSummary 741\u003c\/p\u003e \u003cp\u003eAppendix 23A: In Search of Alpha at Global Thematic Partner is found on the Book Website at www.wiley.com\/go\/intlcorpfinance2e 741\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 742\u003c\/p\u003e \u003cp\u003eProblems 742\u003c\/p\u003e \u003cp\u003eInternet Exercises 744\u003c\/p\u003e \u003cp\u003eReferences 744\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six Managing the Multinational Financial System 747\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 Managing the Multinational Financial System 749\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Primer on International Taxation 749\u003c\/p\u003e \u003cp\u003eThe Multinational Financial System 753\u003c\/p\u003e \u003cp\u003eExploiting the System’s Potential to Minimize Global Tax Liabilities 755\u003c\/p\u003e \u003cp\u003eDesigning a Global Dividends Remittance Strategy 761\u003c\/p\u003e \u003cp\u003eCentralizing Cash Management 765\u003c\/p\u003e \u003cp\u003eSummary 774\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 775\u003c\/p\u003e \u003cp\u003eProblems 775\u003c\/p\u003e \u003cp\u003eInternet Exercises 777\u003c\/p\u003e \u003cp\u003eReferences 777\u003c\/p\u003e \u003cp\u003eAppendix: Answers to Selected Problems 779\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 787\u003c\/p\u003e \u003cp\u003eIndex 789\u003c\/p\u003e \u003cp\u003e\u003cb\u003eContinued on the Website\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 International Control Conundrum (extension of Part 6) 805\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Primer on Managerial Control 806\u003c\/p\u003e \u003cp\u003eThe International Control Conundrum 809\u003c\/p\u003e \u003cp\u003eEVA-Based Contingent Budgeting and Performance Assessment 815\u003c\/p\u003e \u003cp\u003eSummary 821\u003c\/p\u003e \u003cp\u003eAppendix 25A: Applying The EVA-Based Control System 822\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 826\u003c\/p\u003e \u003cp\u003eReferences 826\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Asian Finance and Banking (extension of Part 3) 827\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsian Finance: Common Historical Roots, Diverse Paths 828\u003c\/p\u003e \u003cp\u003eAdaptive Responses: Crises and Institutional Change in Asian Finance 832\u003c\/p\u003e \u003cp\u003eBusiness Organization, Corporate Ownership, and Governance 836\u003c\/p\u003e \u003cp\u003eCorporate Governance 841\u003c\/p\u003e \u003cp\u003eCapital Market Development 846\u003c\/p\u003e \u003cp\u003eCapital Structure and the Cost of Capital 855\u003c\/p\u003e \u003cp\u003ePerformance, Value, and the Practice of Corporate Finance 857\u003c\/p\u003e \u003cp\u003eSummary 860\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 860\u003c\/p\u003e \u003cp\u003eReferences 861\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 Islamic Banking and Finance (extension of Part 3) 863\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Underlying Principles of Islamic Finance 864\u003c\/p\u003e \u003cp\u003eThe Evolution of Islamic Finance 868\u003c\/p\u003e \u003cp\u003eIslamic Financing Products 872\u003c\/p\u003e \u003cp\u003eShariah-Compliant Asset Management 879\u003c\/p\u003e \u003cp\u003eIslamic Banking 880\u003c\/p\u003e \u003cp\u003eIslamic Finance and the Global Financial Meltdown 885\u003c\/p\u003e \u003cp\u003eSummary 886\u003c\/p\u003e \u003cp\u003eQuestions for Discussion 888\u003c\/p\u003e \u003cp\u003eReferences 888\u003c\/p\u003e \u003cp\u003eCase Study 27.1: When Emirates Airline Taps Islamic Finance 888\u003c\/p\u003e \u003cp\u003eAppendix 23A to Chapter 23: In Search of Alpha at Global Thematics Partners (GTP) 894\u003c\/p\u003e \u003cp\u003eGlossary 899\u003c\/p\u003e \u003cb\u003eLaurent L. Jacque\u003c\/b\u003e (Boston, MA) is the Walter B. Wriston Professor of International Finance \u0026amp; Banking at the \u003ci\u003eFletcher School of Law\u003c\/i\u003e \u003ci\u003eand Diplomacy\u003c\/i\u003e (Tufts University) and Director of its International Business Studies Program. From 2004 to 2007 he was Fletcher’s Academic Dean and as such responsible for the design and the establishment of the new Master of International Business degree and the Center for Emerging Market Enterprises. Since 1990 he has also held a joint appointment at the \u003ci\u003eHEC School of Management\u003c\/i\u003e (France) as a Professor of Economics, Finance, and International Business.  \u003cp\u003ePraise for \u003cb\u003eInternational Corporate Finance\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Professor Jacque's textbook allies conceptual rigor with practical relevance drawn from multiple case studies. A highly recommended textbook to those who teach international finance at both the undergraduate and graduate levels.\" \u003cb\u003e —GABRIEL HAWAWINI,\u003c\/b\u003e the Henry Grunfeld Chaired Professor of Investment Banking and former Dean, INSEAD \u003c\/p\u003e\u003cp\u003e\"Professor Jacque's new text book serves as a right-sized, real-life manual of the complexity and adventure of international finance. Most importantly, it accomplishes this goal without short-cutting the relevant theoretical concepts underpinning the instruments of global finance. This book is compass, interactive study manual, theoretical reference guide, and last but not least, case-based financial adventure novel, all in one.\" \u003cb\u003e —OLIVER S KRATZ, PhD,\u003c\/b\u003e\u003ci\u003e\u003c\/i\u003e CEO of Global Thematic Partners \u003c\/p\u003e\u003cp\u003e\"In this book, Laurent Jacque does a superb job of combining modern concepts of international finance with a keen eye for their application in the context of the business firm and exceptional exposition that places a premium on capturing, simplifying and retaining what are sometimes complex relationships. It is a book that deserves to quickly become one of the leaders in its field.\" \u003cb\u003e —INGO WALTER,\u003c\/b\u003e\u003ci\u003e\u003c\/i\u003e Seymour Milstein Professor of Finance, Corporate Governance and Ethics, Stern School of Business, New York University \u003c\/p\u003e\u003cp\u003e\u003cb\u003eA geocentric perspective on finance for a globalizing world\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eAs globalization is redefining the field of corporate finance, international finance is now part and parcel of the basic literacy of any financial executive. This is why \u003ci\u003eInternational Corporate Finance\u003c\/i\u003e is a \"must\" text for upper-undergraduates, MBAs and young professionals aspiring to careers in global financial services. It offers comprehensive coverage of: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eInternational monetary system and currency markets\u003c\/li\u003e \u003cli\u003eGlobal financial markets including Asian banking and Islamic Finance\u003c\/li\u003e \u003cli\u003eGeocentric debt and equity multi-currency financing strategies\u003c\/li\u003e \u003cli\u003eCurrency derivatives and foreign exchange risk management\u003c\/li\u003e \u003cli\u003eCross-border valuation, mergers \u0026amp; acquisitions and project finance\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnique to the book is that each chapter opens with a real-life mini-case to anchor theoretical concepts to managerial situations and also provides simple decision rules and \"how to do\" answers to key managerial finance issues\u003cb\u003e.\u003c\/b\u003e \u003ci\u003eCross-border Mergers \u0026amp; Acquisitions, Project Finance\u003c\/i\u003e, \u003ci\u003eIslamic Finance, Asian Banking \u0026amp; Finance\u003c\/i\u003e and\u003ci\u003e International Control Conundrum\u003c\/i\u003e are completely new chapters that no other textbooks currently cover\u003cb\u003e.\u003c\/b\u003e The book also includes twenty concise and original case studies for class discussion and is accompanied with a comprehensive instructor support package which includes case studies, an Instructor's Manual, PowerPoint slides, and more.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989446705381,"sku":"NP9781119550464","price":93.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119550464.jpg?v=1761784131","url":"https:\/\/k12savings.com\/products\/international-corporate-finance-isbn-9781119550464","provider":"K12savings","version":"1.0","type":"link"}