January 2015
Beginner
480 pages
31h 42m
English
Content preview from Financial Management: Core Concepts, Third Edition
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Chapter 18 International Financial Management
AT a Glance
LO1 Understand cultural, business, and political differences in business practices.
Multinational companies face many difficulties in the management of international business operations, including the following:
Cultural risk can stem from cultural differences. Some issues related to cultural risk include differences in ownership structure, differences in human resource norms, the religious observations and heritage of the host country, nepotism and corrupt business practices in the host country, and protection of intellectual property rights.
Business risk can arise from differences ...
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