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

• Superior document: Finance and financial management collection
• VerfasserIn: O'Brien, Thomas J.,
• Place / Publishing House: New York, New York (222 East 46th Street, New York, NY 10017) : : Business Expert Press,, 2014.
• Year of Publication: 2014
• Edition: First edition.
• Language: English
• Series: 2014 digital library.; Finance and financial management collection.
• Physical Description: 1 online resource (258 pages)
• Notes: Part of: 2014 digital library.

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.

Table of 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.