MNCs and Modern Financial Management

Contents: Preface. 1. Rise of MNCs. 2. MNCs and international trade developments. 3. International financial management. 4. Organisational practice in multinational corporations. 5. Business process outsourcing. 6. Behavioural determinants of MNCs. 7. MNCs\' subsidiaries in volatile contexts. 8. Economics of foreign direct investment. 9. Impact of foreign investment. 10. Socio capital approach to MNCs. 11. Employee commitment in MNCs. 12. Diversification strategy in multinational corporations. 13. Importance of technology embeddedness. 14. Globalisation and international conflict. Bibliography. Index.

"This book is aimed at giving a comprehensive view of all that entails modern financial management practices in a multinational corporation. Financial management in an MNC is highly complex, as it involves management of financial aspects of the company which transcends boundaries, cultures and peoples. Consequently, it is much more risky, and needs deft handling of the situation.

The book takes an all-encompassing approach towards this issue, giving a detailed account of the matter which include such topics as financial analysis and business planning, risk management, debt financing, interest rates, currency, cash flow management, financial exchange exposure etc. The emphasis is on financial management which takes into account all differences resulting from the transnational phenomena." (jacket)