January 2018
Beginner
976 pages
142h 14m
English
book
Principles of Managerial Finance, 15th Edition
by Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman
Content preview from Principles of Managerial Finance, 15th Edition
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19.1 The Multinational Company and Its Environment
LG1
In the past few decades, as world markets have grown more interdependent, international finance has become an increasingly important element in the management of multinational companies (MNCs). Since World War II, a large number of firms, including many based in emerging or developing countries, have become MNCs (also referred to as global firms or transnational corporations) by developing targeted overseas markets, mainly through foreign direct investment (FDI)—that is, by establishing foreign subsidiaries or affiliates—and via mergers and acquisitions. The general principles of managerial finance apply to the management of MNCs as well as to purely domestic firms. However, certain factors ...
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