Global Corporate Finance: A Focused Approach, 4th edition (GCF4) introduces students and practitioners to the principles that are essential to the understanding of global financial problems and the policies that global business managers contend with. The objective of this book is to equip current and future business leaders with the tools they need to interpret the issues, to make sound global financial decisions, and to manage the wide variety of risks that modern businesses face in a competitive global environment. In line with its objective, the book stresses practical applications in a concise and straightforward manner, without complex treatment of theoretical concepts.

All the chapters in the 4th edition have been updated to include new materials, eliminate unnecessary-outdated materials, and include more non-US materials. Each chapter contains the following four new items: an opening mini case, a global finance in practice, a list of key terms at the end of each chapter, and a closing mini case.

The GCF4 is suitable for appropriate courses, no matter where in the world it is taught, because it does not adopt any specific national viewpoint. Moreover, it is self-contained, and it combines theory and applications. The earlier editions of the GCF4 have been adopted by many colleges, universities, and management development programs worldwide, particularly because the book stresses practical applications in a user-friendly format.

Supplementary materials are available to instructors who adopt this textbook.

These include:

Contents:

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  The Global Financial Environment:

  
  
  
  
  • Globalization and the Global Company
  
  
  • Motives for World Trade and Foreign Investment
  
  
  • Balance of Payments and International Monetary System
  
  
  
  


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  Corporate Foreign Exchange Risk Management:

  
  
  
  
  • The Foreign Exchange Market and Parity Conditions
  
  
  • Currency Futures and Options
  
  
  • Financial Swaps
  
  
  • Managing Transaction Exposure and Economic Exposure
  
  
  • Translation Exposure Management
  
  
  
  


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  The Global Financing Strategy:

  
  
  
  
  • International Financial Markets
  
  
  • Financing International Transactions
  
  
  
  


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  The Global Investment Strategy:

  
  
  
  
  • International Working Capital Management
  
  
  • International Portfolio Investment
  
  
  • The Cost of Capital for Foreign Projects
  
  
  • Foreign Direct Investment Analysis
  
  
  • Corporate Performance of Foreign Operations
  
  
  
  

Readership: For undergraduate and graduate students in business schools, as well as managers and practitioners who want to learn more about global finance.