Multinational Business Finance is renowned for its authoritative coverage and lucid explanations of the intricacies of contemporary international finance. This thoroughly revised Ninth Edition features a streamlined presentation, expanded attention to emerging markets, and a stronger managerial focus throughout.

Features of  Multinational Business Finance, Ninth Edition

Reviewer Praise for  Multinational Business Finance

• Thorough revision of the text to reflect the advent of the euro and the emerging market crises of 1997-1999
• Integration of parity conditions, the balance of payments, and currency forecasting
• Reconstructed treatment of the various types of interest rate and currency swaps, with an enhanced managerial focus (Chapter 9)
• Thoroughly reworked chapter on the global cost of capital and financial structure, including the riddle of higher costs of capital for multinational firms (Chapter 10)
• New chapter on international acquisitions and valuations, one of the highest-growth segments of international business today (Chapter 15)
• New chapter and theoretical development of the oldest subject in multinational business, adjusting for risk in foreign investments (Chapter 16)
• Four new decision cases that probe into emerging market issues. For example, see the Far East Trading Company case, showcasing the problems confronting a Swedish multinational whose key Asian markets are being adversely affected by the emerging markets crisis.
• Numerous new illustrative cases throughout the book

"I have used this textbook since its Fifth Edition. In my view, the book has consistently improved with every edition...It covers material comprehensively and with clarity...The global view sections in every chapter are particularly interesting...The end of chapter cases are interesting and enable students to think through the conceptual issues through discussion and debate...the Ninth Edition will be a strong contender for classroom adoption"
-Devashis Mitra, University of New Brunswick

"I have been using the Eiteman, Stonehill, Moffett text for 15 years or more. I am attracted by the breadth of its coverage which allows me to vary my syllabus from semester to semester. It also treats critical topics with considerable depth. I like the fact I can depend upon the text to supplement and support what we discuss in class. At the same time, topics that I don't present in class but still want the students to be familiar with are covered clearly and comprehensively and students can get what they need regarding those topics on their own...The main strengths of the text include the excellent, comprehensive coverage of the types of exposure to exchange rate changes, as well as solid coverage of the structure and operation of the foreign exchange market. The chapters are sequenced in a manner that works well for me, and concepts and relationships are explained very well...I have had very good results with this text, and my students have judged it to be excellent."
-John Olienyk, Colorado State University

"[The] textbook has a very nice organization. The material is current and their treatment of swaps and interest rate exposure is unique and useful."
-Amiv Tavakkol, Kansas Sate University