Higher Education

International Financial Management, Abridged, 12th Edition

  • Jeff Madura Florida Atlantic University
  • ISBN-10: 1305117220  |  ISBN-13: 9781305117228
  • 560 Pages
  • Previous Editions: 2013, 2011, 2009
  • © 2016 | Published
  • College Bookstore Wholesale Price = $186.75
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About

Overview

Combining depth of theory with practical applications, Madura's best-selling INTERNATIONAL FINANCIAL MANAGEMENT ABRIDGED, 12E builds on the fundamental principles of corporate finance to provide the timely information and contemporary insights your students need to prosper in today's global business environment. With its signature reader-friendly style and clear explanations, the text introduces international finance with a focus on the important role of modern multinational corporations in global commerce. It discusses a wide range of managerial topics using a strong corporate perspective. Emphasizing the most recent financial changes and industry trends, the Twelfth Edition features new call-outs and content as it highlights financial reform and its impact on international finance today. Instructive diagrams, learning features, and self-test opportunities ensure thorough understanding, while online articles, expanded real-world applications, and relevant examples provide the hands-on experience your students need to prepare for contemporary practice.

Features and Benefits

  • CONTINUED EMPHASIS ON FINANCIAL REFORM HIGHLIGHTS DEVELOPMENTS RESHAPING THE INDUSTRY. The text prepares your students for the international financial world of tomorrow with an integrated focus on reform in the financial industry. "Financial Reform" call-outs appear next to all applicable content. The book still thoroughly addresses the global financial and credit crisis, but with less intensity.
  • "ONLINE ARTICLES" ENCOURAGE FINANCIALLY RELATED INTERNET RESEARCH. An online research assignment at the end of each chapter prompts students to practice their Internet research skills. The assignments also connect chapter content to current real-world financial activities as they unfold.
  • CLEAR LEARNING OBJECTIVES AND LISTS OF KEY CONCEPTS GUIDE READING AND STUDY. To direct students in their individual study, review and reading, learning objectives and key concepts are located at the beginning of each chapter. These learning tools help students prepare for mid-term and final exams.
  • RELEVANT EXAMPLES REINFORCE PRACTICAL APPLICATION OF CONCEPTS. Numerous memorable examples throughout the text reinforce key concepts and show students the practical real-world applications and importance of the material they're learning within each chapter.
  • DETAILED SUGGESTIONS FOR "CREDIT CRISIS" TERM PAPER PROVIDE MEANINGFUL CONTEXT FOR STUDY. Useful suggestions for creating a "Credit Crisis" term paper at the end of Chapter 1 provide an engaging opportunity for your students to apply key concepts within a well-developed, meaningful project.
  • DIRECT EXCHANGE RATE TRENDS LIST PROVIDES CRITICAL INFORMATION AT A GLANCE. The Direct Exchange Rate Trends list emphasizes this important aspect of international finance and provides quick access to this significant information.
  • SELF-TESTS ALLOW STUDENTS TO CHECK THEIR UNDERSTANDING OF CONCEPTS AS THEY PROGRESS. A helpful "self-test" at the end of most chapters allows your students to evaluate their personal understanding of key concepts as they progress through the book. This helps them study for more comprehensive reviews in preparation for mid-term and final exams.
  • FEWER CHAPTERS OFFER MORE FLEXIBILITY. Taken straight from the full version, INTERNATIONAL FINANCIAL MANAGEMENT, ABRIDGED, 12E enables you to limit the number of chapters to what you actually cover within the course. For those who feel that one or more of the eliminated chapters (17-21), chapter appendices, or integrated problems are needed in their course, both instructors and students can freely access these chapters or appendices on the textbook companion website.

Table of Contents

Part I: THE INTERNATIONAL FINANCIAL ENVIRONMENT.
1. Multinational Financial Management: An Overview.
2. International Flow of Funds.
3. International Financial Markets.
4. Exchange Rate Determination.
5. Currency Derivatives.
Part II: EXCHANGE RATE BEHAVIOR.
6. Government Influence on Exchange Rates.
7. International Arbitrage and Interest Rate Parity.
8. Relationships Among Inflation, Interest Rates, and Exchange Rates.
Part III: EXCHANGE RATE RISK MANAGEMENT.
9. Forecasting Exchange Rates.
10. Measuring Exposure to Exchange Rate Fluctuations.
11. Managing Transaction Exposure.
12. Managing Economic Exposure and Translation Exposure.
Part IV: LONG-TERM ASSET AND LIABILITY MANAGEMENT.
13. Direct Foreign Investment.
14. Multinational Capital Budgeting.
15. International Corporate Governance and Control (Online).
16. Country Risk Analysis.
17. Multinational Capital Structure and Cost of Capital (Web Chapter).
18. Long-Term Debt Financing (Online).
Part V: SHORT-TERM ASSET AND LIABILITY MANAGEMENT.
19. Financing International Trade (Online).
20. Short-Term Financing (Online).
21. International Cash Management (Online).
Appendix A. Answers to Self-Test Questions.
Appendix B. Supplemental Cases.
Appendix C. Using Excel to Conduct Analysis (Online).
Appendix D. International Investing Project (Online).
Appendix E. Discussion in the Boardroom (Online).
Glossary.
Index.

What's New

  • CUTTING-EDGE COVERAGE GIVES UNPARALLELED INSIGHT INTO DYNAMIC MARKET. The new Twelfth Edition of INTERNATIONAL FINANCIAL MANAGEMENT, ABRIDGED offers the most current coverage available of international economic and financial situations and political environments. Up-to-date content prepares your students to deal with the most recent financial changes, developments, and trends in today's ever-changing financial industry.
  • REVISED AND UP-TO-DATE CHAPTERS MIRROR REAL-WORLD PRACTICE. Reflecting the latest developments in the industry, Ch. 3 International Financial Markets and Ch. 4 Exchange Rate Determination have been thoroughly revised and updated.
  • EXPANDED QUESTIONS AND APPLICATIONS PROVIDE TIMELY REVIEW. More comprehensive Questions and Applications at the end of most chapters help your students thoroughly review chapter concepts and put them into practice.
  • POWERFUL NEW TESTING TOOL GIVES YOU ULTIMATE FLEXIBILITY. Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want. The Cognero Test Bank content is tagged according to Tier I (Business Program Interdisciplinary Learning Outcomes) and Tier II (Finance-specific) standards, topic, Bloom's Taxonomy, and difficulty level.

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1285978749 | ISBN-13: 9781285978741)

Website  (ISBN-10: 1305402812 | ISBN-13: 9781305402812)

Put all the instruction tools you need at your fingertips. The website includes Microsoft® Word versions of the Instructor Manual and Test Bank, and PowerPoint lecture slides.

Meet the Author

Author Bio

Jeff Madura

Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS; JOURNAL OF MONEY, CREDIT AND BANKING; FINANCIAL MANAGEMENT; JOURNAL OF FINANCIAL RESEARCH; and FINANCIAL REVIEW. Dr. Madura has served as a consultant for international banks, securities firms, and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his B.S. and M.A. from Northern Illinois University and his DBA from Florida State University.