This text approaches multinational business finance from a management point of view, giving students both the theoretical foundation and practical knowledge of understanding and managing a multinational firm. Features new to this edition include: a chapter on interest rate management, detailing the theory of interest rate risk, its measures, financial instruments used in its management and industry practices; six case studies to show real-world applications and issues on current multinational financial topics; and sections on sourcing equity for the multinational firm, detailing the significance of expanding international equity listings and issuances by multinational firms.
David Eiteman received his business and economics degrees from the University of Michigan, Ann Arbor, and the University of California, Berkeley, before graduating from Northwestern with a Ph.D. in finance. He then started teaching and researching at prestigious schools across America, Asia, and Europe.
In his other affiliations, Eiteman was previously president of the International Trade and Finance Association, the Society for Economics and Management in China, and the Western Finance Association.
He has authored and co-authored four books and a significant number of articles, which have appeared in 29 publications, including International Trade Journal, Journal of World Business, Business Horizons, Management International, and others.
Arthur Stonehill is professor of finance and international business Emeritus at Oregon State University, where he taught for 24 years. Previously, he held appointments at leading universities in America and Europe. He also served as president of the Academy of International Business, as well as director of the Financial Management Association.
Stonehill has authored or co-authored nine books and numerous articles, which have appeared in Financial Management, Journal of International Business Studies, International Business Review, and other influential publications.
He is an alumnus of the University of California, Berkeley, where he graduated with a Ph.D. in business administration. In recognition of his immense contributions to the fiscal world, Stonehill was awarded honorary doctorates from the Aarhus School of Business - Denmark, the Copenhagen Business School - Denmark, and Lund University - Sweden.
Michael Moffett graduated with a Ph.D. in economics from the University of Colorado - Boulder, and went on to a number of teaching or research appointments in several renowned institutions in America and Europe.
Moffett¿s research work has been featured in 15 prominent publications, and he has also authored or co-authored eight books. Together with Arthur Stonehill and David Eiteman, he has written one of today¿s most widely used textbooks in finance¿ Multinational Business Finance, Ninth Edition.
Moffett is currently professor of finance at Thunderbird, the American Graduate School of International Management.
