Applied international finance : managing foreign exchange risk and international capital budgeting / Thomas J. O'Brien.

Format:

Book

Author/Creator:

O'Brien, Thomas J., author.

Series:

2014 digital library.

Finance and financial management collection.

Finance and financial management collection

Language:

English

Subjects (All):

International finance.

Foreign exchange.

Capital budget.

Physical Description:

1 online resource (258 pages)

Edition:

First edition.

Place of Publication:

New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2014.

Language Note:

English.

Summary:

This text is designed for use in a course in applied international corporate finance for managers and executives. Instead of the "encyclopedic" approach, the text focuses on the two main issues of interest to managers who deal with overseas operations. The first main 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. The second main issue is the estimation of the cost of capital for international operations and the evaluation of overseas investment proposals. Numerous examples of real-world companies are used.

Contents:

Part I. Managing foreign exchange risk

1. Foreign exchange operating exposure

2. FX exposure: business, equity, and translation

3. Foreign currency debt

4. Currency swaps

Case. Adventure & Recreation Technologies, Inc.

Part II. International cost of capital and capital budgeting

5. Global risk and return

6. Hurdle rates for overseas operations

7. International capital budgeting

8. Cross-border valuation

Case. New plant for Houston Marine Electronics

Notes

References

Index.

Notes:

Part of: 2014 digital library.

Includes bibliographical references (pages 249-253) and index.

Title from PDF title page (viewed on January 3, 2014).

ISBN:

1-60649-735-9

OCLC:

867482230