12

Financing of Global Operations

LEARNING OBJECTIVES

After going through this chapter, you should be able to:

  • Understand how financial management influences the global success of a TNC

  • Highlight the different sources of trade finance

  • Enumerate the sources of funds for a global business firm

  • Understand the different sources of foreign exchange risk

  • Distinguish between foreign exchange risk and foreign exchange exposure

  • Enumerate the different ways in which firms manage foreign exchange risk

Hybrid Financial Instruments

Power equipment company Jyoti Structures Limited entered the US market to make lattice steel towers in December 2010. To fund its move, it announced an INR 1.23 billion rights issue of 10.2 million non-convertible debentures ...

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