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International Financial Management 8

International Financial Management 8

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Published by 胡依然

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Categories:Types, Business/Law
Published by: 胡依然 on Jun 14, 2012
Copyright:Attribution Non-commercial

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06/12/2013

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1
Chapter 8 
Short-Term Financing 
 
2
Objectives
This chapter explains short-term liability management ofMNCs, a part of multinational management that is oftenneglected in other textbooks. From this chapter, weshould learn that correct financing decisions can reduce
the firm’s costs and maximize the value of the MNC.
While foreign financing costs cannot usually be perfectlyforecasted, firms should evaluate the probability ofreducing costs through foreign financing.The specific objectives are:
 
3
Objectives
to explain why MNCs consider foreign financing; 
to explain how MNCs determine whether to use foreign financing; and 
to illustrate the possible benefits of financing with a portfolio of currencies.

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