Question

I need a short summary (at least one page) of chapter one from the book Multinational Financial Management (10th Edition) it is very important. Thank you!

Answer 1

Explains the nature and benefits of globalization. Examining the environment in which international financial decisions are made. Discussing the multinational corporations that are key players in international economic competition.Understanding the motivations for foreign direct investment and the evolution of the multinational corporation (MNC). Also, identifying the stages of corporate expansion overseas by which companies gradually become MNCs. Explaining role of managers of MNCs in response to rapidly changing global economic conditions, the economic reforming to be concerned with the same changing business conditions.
Identifying the advantages of expansion and being multinational, including the benefits of international
diversification Also knowing the general importance of financial economics to multinational financial management
and the particular importance of arbitrage, market efficiency, capital asset
pricing, and total risk. Characterization of the global financial marketplace and the MNC managers's responsibilities with respect to capital market imperfections and asymmetries in tax regulations.