Book description
This volume is part of a three-volume set designed for use in a course in applied international corporate finance for managers and executives. Instead of the “encyclopedic” approach, the volumes focus on main issues of interest to managers who deal with overseas operations. This volume’s issue is how uncertain foreign exchange (FX) rate changes affect a firm’s ongoing cash flows and equity value, and what can be done about this risk. Numerous examples of real-world companies are used. The volume contains a hypothetical case that aims to tie the material together. The case company has overseas operations and is faced with ongoing FX exposure in corporate revenues. The decision maker estimates the FX exposure and considers financial hedging using foreign currency debt and currency swaps. The accounting implications are also considered. The volume reviews some basics of FX rates; for more information, see the first volume: Introduction to Foreign Exchange Rates, 2nd edition, Business Expert Press, 2016. The third volume deals with the estimation of the cost of capital for international operations and the evaluation of overseas investment proposals: Applied International Finance: International Capital Budgeting, 2nd edition, Business Expert Press, 2017.
Table of contents
- Cover
- Title
- Copyright
- Acknowledgments
- Review of Foreign Exchange Rates
- Chapter 1 FX Operating Exposure
- Chapter 2 FX Economic Exposure
- Chapter 3 FX Business and Equity Exposure
- Chapter 4 FX Translation Exposure
- Chapter 5 Foreign Currency Debt
- Chapter 6 Currency Swaps
- Case Study: Adventure & Recreation Technologies, Inc.
- Appendix
- Notes
- References
- Index
- Adpage
- Backcover
Product information
- Title: Applied International Finance I
- Author(s):
- Release date: July 2017
- Publisher(s): Business Expert Press
- ISBN: 9781947441293
You might also like
book
Applied International Finance II, Second Edition
This volume is the second of a three-volume set designed for use in a course in …
book
Pursued Economy
In Pursued Economy: Understanding and Overcoming the Challenging New Realities for Advanced Economies, celebrated economist and …
book
Thank You For Disrupting
The business ideas and innovation philosophies of the world’s great entrepreneurs—for anyone to implement in any …
book
Complex Decision-Making in Economy and Finance
Pertinent to modern industry, administration, finance and society, the most pressing issue for firms today is …