FINANCE

Multinational Business Finance, 14th Edition

For courses in International Finance.

Authoritative, Comprehensive Coverage of Contemporary International Finance

Renowned for its authoritative, comprehensive coverage of contemporary international finance, Multinational Business Finance trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.

The Fourteenth Edition, now with MyFinanceLab, attempts to capture the rapid evolution of our global marketplace, taking a closer look at the types of organizations that permeate the widespread arena, competition and opportunities in emerging markets, and how financial leadership can integrate the strategic and financial challenges that global businesses face today.

Also Available with MyFinanceLab®

This title is also available with MyFinanceLab–an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.


Students, if interested in purchasing this title with MyFinanceLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Pearson
  •  | Cloth Bound with Access Card
  •  | 784 pp
  •  | ISBN-13: 9780134077314

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Pearson
  •  | Unbound (saleable) with Access Card
  •  | 784 pp
  •  | ISBN-13: 9780134088235
Multinational Business Finance, Student Value Edition, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Pearson
  •  | Unbound (Saleable)
  •  | 624 pp
  •  | ISBN-13: 9780133879933

Clarify tough topics

  • REVISED! In order to create a shorter, tighter text for today's more complex courses, the authors have merged and integrated a number of concepts and chapters:
    • Chapters on currency derivatives–futures, options, and swaps–have been combined.
    • Chapters on translation exposure and operating (economic) exposure have been revised to capture the industry’s growing interest and concern over these currency-based company exposures.
    • Chapters on the financial structures and capital sourcing strategies employed by multinational firms have been restructured and reorganized for a tighter presentation.
  • EXPANDED! Use of fundamental theoretical foundations like that of the foreign currency/interest rate box diagram and the triangular structure of the Impossible Trinity.
  • NEW! Select second-level complexity of content is delivered in appendices devoted to topics such as algebraic derivation of international parity conditions, foreign currency option pricing theory, advanced topics in transaction exposure hedging, foreign subsidiary funding and capitalization, and more.
  • NEW! Nine chapter mini-cases explore the current global financial market’s many challenges, including:
    • Crowdfunding in Kenya (Chapter 1)
    • Iceland’s Financial Collapse and The Impossible Trinity (Chapter 2)
    • Global Remittances (Chapter 5)
    • KiKos (Knock-In & Knock-Out) Options and the South Korean Crisis (Chapter 7)
    • Argentina’s Sovereign Debt and the Vulture Funds (Chapter 8)
    • Russia Ruble Roulette: Economic Sanctions and the Oil Price Collapse (Chapter 9)
    • China Noah: A Chinese Firm Managing Indonesian Rupiah Risk (Chapter 10)
    • Apple’s Global iTax Strategy (Chapter 15)
    • Elan and Royalty Pharma: Discounted Cash Flow of Cross-Border Royalty Streams and M&A (Chapter 18)
  • NEW! A mix of currency notations and symbols include the increasingly common three-letter codes–USD, CNY, EUR–and the symbols of the past which live on in modern media–$, ¥, £, €, bridging the past with the future.

Boost critical thinking

  • NEW! Increasing focus on how multinational firms financially operate similarly and/or differently across industrial markets and emerging markets.
  • NEW! A chapter devoted solely to interest rate risk and interest rate risk management, with a focus on the use of interest rate and cross-currency swaps (Chapter 8).
  • NEW! Two-level chapter structure of content with primary chapter content focused on critical components of multinational corporate finance.
  • NEW! Select business and industry practices are delivered in Global Finance in Practice boxes in each chapter that both support and on occasion oppose theoretical principles in international finance.
  • Exceptional currency of coverage keeps students abreast of contemporary issues and events, including financial management issues in emerging markets.
  • An entire chapter is devoted to the political risk challenges faced by multinational enterprises across three corridors of exposure: firm-specific risk, country-specific risk, and global-specific risk.
  • Spreadsheet examples, along with online templates, give students hands on practice with a key tool of the financial manager. Spreadsheet solutions are available for instructors.
  • Emerging market content is integrated throughout, highlighting both the promises and challenges of financial management in a global marketplace.
  • Coverage of the global financial crises from the credit crisis of 2007-2009 to the current sovereign debt and financial crisis raging across Europe.

Support instructors

  • NEW! All chapters are organized around a series of Learning Objectives aligned with MyFinanceLab.

Proven pedagogical features

Carried over from previous editions, you’ll find:

  • A student-friendly writing style combined with a structured presentation of material, beginning with learning objectives for each chapter, and ending with a summarization of how those learning objectives were realized.
  • A wealth of illustrations and exhibits provide a visual parallel to the concepts and content presented.
  • A running case on a hypothetical U.S.-based firm, Trident Corporation, provides a cohesive framework for the multifaceted globalization process, and is reinforced in several end-of-chapter problems.
  • Internet references are dispersed throughout the chapters in text and exhibits.


Also Available with MyFinanceLab®
This title is also available with MyFinanceLab–an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Specific features include:

  • NEW! 18 Online Mini-Case PowerPoint Presentations.
  • NEW! Online PowerPoint Presentation Slides, prepared by Sonya Britt of Kansas State University, provide lecture outlines and selected graphics from the text for each chapter.
  • NEW! Fully functional financial calculator inside MyFinanceLab and free access to the new financial calculator app, which students can download to their iPhone®, iPad®, or Android device.
  • NEW! Learning Aids. Instructors can now choose whether to show or hide all learning aids for specific questions. In addition, a learning aid that has been removed from an assignment can be made available for a particular question in that assignment.
  • NEW! Hallmark Features such as Personalized Learning Aids, like Help Me Solve This, View an Example, and instant feedback are available for further practice and mastery when students need the help most!
  • NEW! Worked Solutions provide step-by-step explanations on how to solve problems using the exact numbers and data that were presented in the problem. Instructors have access to the Worked Solutions in preview and review mode.
  • NEW! Personalized Study Plan provides opportunity for additional practice with immediate feedback, giving each student a personalized study path based on individual learning needs.
  • NEW! Learning Catalytics™. Generate class discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. MyFinanceLab with eText now provides Learning Catalytics–an interactive student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Instructors, you can:
    • Pose a variety of open-ended questions that help your students develop critical thinking skills
    • Monitor responses to find out where students are struggling
    • Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
    • Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
  • NEW! Reporting Dashboard allows you to view, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course. Available via the MyFinanceLab Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.

Clarify tough topics

  • REVISED! In order to create a shorter, tighter text for today's more complex courses, the authors have merged and integrated a number of concepts and chapters:
    • Chapters on currency derivatives–futures, options, and swaps–have been combined.
    • Chapters on translation exposure and operating (economic) exposure have been revised to capture the industry’s growing interest and concern over these currency-based company exposures.
    • Chapters on the financial structures and capital sourcing strategies employed by multinational firms have been restructured and reorganized for a tighter presentation.
  • EXPANDED! Use of fundamental theoretical foundations like that of the foreign currency/interest rate box diagram and the triangular structure of the Impossible Trinity.
  • Select second-level complexity of content is delivered in appendices devoted to topics such as algebraic derivation of international parity conditions, foreign currency option pricing theory, advanced topics in transaction exposure hedging, foreign subsidiary funding and capitalization, and more.
  • Nine chapter mini-cases explore the current global financial market’s many challenges, including:
    • Crowdfunding in Kenya (Chapter 1)
    • Iceland’s Financial Collapse and The Impossible Trinity (Chapter 2)
    • Global Remittances (Chapter 5)
    • KiKos (Knock-In & Knock-Out) Options and the South Korean Crisis (Chapter 7)
    • Argentina’s Sovereign Debt and the Vulture Funds (Chapter 8)
    • Russia Ruble Roulette: Economic Sanctions and the Oil Price Collapse (Chapter 9)
    • China Noah: A Chinese Firm Managing Indonesian Rupiah Risk (Chapter 10)
    • Apple’s Global iTax Strategy (Chapter 15)
    • Elan and Royalty Pharma: Discounted Cash Flow of Cross-Border Royalty Streams and M&A (Chapter 18)
  • A mix of currency notations and symbols include the increasingly common three-letter codes–USD, CNY, EUR–and the symbols of the past which live on in modern media–$, ¥, £, €, bridging the past with the future.

Boost critical thinking

  • Increasing focus on how multinational firms financially operate similarly and/or differently across industrial markets and emerging markets.
  • A chapter devoted solely to interest rate risk and interest rate risk management, with a focus on the use of interest rate and cross-currency swaps (Chapter 8).
  • Two-level chapter structure of content with primary chapter

    content focused on critical components of multinational corporate finance.

  • Select business and industry practices are delivered in Global Finance in Practice boxes in each chapter that both support and on occasion oppose theoretical principles in international finance.

Support instructors

  • All chapters are organized around a series of Learning Objectives aligned with MyFinanceLab.

Also Available with MyFinanceLab®

This title is also available with MyFinanceLab–an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.
 

Specific features include:

  • 18 Online Mini-Case PowerPoint Presentations.
  • Online PowerPoint Presentation Slides, prepared by Sonya Britt of Kansas State University, provide lecture outlines and selected graphics from the text for each chapter.
  • Fully functional financial calculator inside MyFinanceLab and free access to the new financial calculator app, which students can download to their iPhone®, iPad®, or Android device.
  • Learning Aids. Instructors can now choose whether to show or hide all learning aids for specific questions. In addition, a learning aid that has been removed from an assignment can be made available for a particular question in that assignment.
  • Hallmark Features such as Personalized Learning Aids, like Help Me Solve This, View an Example, and instant feedback are available for further practice and mastery when students need the help most!
  • Worked Solutions provide step-by-step explanations on how to solve problems using the exact numbers and data that were presented in the problem. Instructors have access to the Worked Solutions in preview and review mode.
  • Personalized Study Plan provides opportunity for additional practice with immediate feedback, giving each student a personalized study path based on individual learning needs.
  • Learning Catalytics™. Generate class discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. MyFinanceLab with eText now provides Learning Catalytics–an interactive student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Instructors, you can:
    • Pose a variety of open-ended questions that help your students develop critical thinking skills
    • Monitor responses to find out where students are struggling
    • Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
    • Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
  • Reporting Dashboard allows you to view, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course. Available via the MyFinanceLab Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.

David K. Eiteman

David K. Eiteman is Professor Emeritus of Finance at the John E. Anderson Graduate School of Management at UCLA. He has also held teaching or research appointments at the Hong Kong University of Science & Technology, Showa Academy of Music (Japan), the National University of Singapore, Dalian University (China), the Helsinki School of Economics and Business Administration (Finland), University of Hawaii at Manoa, University of Bradford (U.K.), Cranfield School of Management (U.K.), and IDEA (Argentina). He is a former president of the International Trade and Finance Association, Society for Economics and Management in China, and Western Finance Association.

Professor Eiteman received a B.B.A. (Business Administration) from the University of Michigan, Ann Arbor (1952); M.A. (Economics) from the University of California, Berkeley (1956); and a Ph.D. (Finance) from Northwestern University (1959).

He has authored or co-authored four books and twenty-nine other publications. His articles have appeared in The Journal of Finance, The International Trade Journal, Financial Analysts Journal, Journal of World Business, Management International, Business Horizons, MSU Business Topics, Public Utilities Fortnightly, and others.

Arthur I. Stonehill

Arthur I. Stonehill is a Professor of Finance and International Business, Emeritus, at Oregon State University, where he taught for 24 years (1966-1990). During 1991-1997 he held a split appointment at the University of Hawaii at Manoa and Copenhagen Business School. From 1997 to 2001, he continued as a Visiting Professor at the University of Hawaii at Manoa. He has also held teaching or research appointments at the University of California, Berkeley; Cranfield School of Management (U.K.); and the North European Management Institute (Norway). He was a former president of the Academy of International Business, and was a western director of the Financial Management Association.

Professor Stonehill received a B.A. (History) from Yale University (1953); an M.B.A. from Harvard Business School (1957); and a Ph.D. in Business Administration from the University of California, Berkeley (1965). He was awarded honorary doctorates from the Aarhus School of Business (Denmark, 1989), the Copenhagen Business School (Denmark, 1992), and Lund University (Sweden, 1998).

He has authored or co-authored nine books and twenty-five other publications. His articles have appeared in Financial Management, Journal of International Business Studies, California Management Review, Journal of Financial and Quantitative Analysis, Journal of International Financial Management and Accounting, International Business Review, European Management Journal, The Investment Analyst (U.K.), Nationaløkonomisk Tidskrift (Denmark), Sosialøkonomen (Norway), Journal of Financial Education, and others.

Michael H. Moffett

Michael H. Moffett is Continental Grain Professor in Finance at the Thunderbird School of Global Management at Arizona State University, where he has been since 1994. He also has held teaching or research appointments at Oregon State University (1985-1993); the University of Michigan, Ann Arbor (1991-1993); the Brookings Institution, Washington, D.C.; the University of Hawaii at Manoa; the Aarhus School of Business (Denmark); the Helsinki School of Economics and Business Administration (Finland), the International Centre for Public Enterprises (Yugoslavia); and the University of Colorado, Boulder.

Professor Moffett received a B.A. (Economics) from the University of Texas at Austin (1977), an M.S. (Resource Economics) from Colorado State University (1979), an M.A. (Economics) from the University of Colorado, Boulder (1983), and Ph.D. (Economics) from the University of Colorado, Boulder (1985).

He has authored, co-authored, or contributed to a number of books, articles, case studies, and other publications. He has co-authored two books with Art Stonehill and David Eiteman, Fundamentals of Multinational Finance, and this book, Multinational Business Finance. His articles have appeared in the Journal of Financial and Quantitative Analysis, Journal of Applied Corporate Finance, Journal of International Money and Finance, Journal of International Financial Management and Accounting, Contemporary Policy Issues, Brookings Discussion Papers in International Economics, and others. He has contributed to a number of collected works including the Handbook of Modern Finance, the International Accounting and Finance Handbook, and the Encyclopedia of International Business. He is also co-author of two books in multinational business with Michael Czinkota and Ilkka Ronkainen, International Business (7th Edition) and Global Business (4th Edition), and The Global Oil and Gas Industry: Strategy, Finance, and Management, with Andrew Inkpen.

Instructor Resources

Instructor's Review Copy for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Cloth
  •  | 624 pp
  •  | ISBN-13: 9780133880090 | 
MyFinanceLab without Pearson eText -- Instant Access -- for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Website
  •  | 784 pp
  •  | ISBN-13: 9780133917994 | 

Online purchase price:$65.00

TestGen Computerized Test Bank for Multinational Business Finance (Download only), 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | On-line Supplement
  •  | ISBN-13: 9780133880052 | 

Please note: The PC and MAC versions of this testbank file must be used in conjunction with Pearson's TestGen application. Go to the TestGen website to download software, upgrade, and access "getting started" TestGen resources.

MyFinanceLab with Pearson eText -- Instant Access -- for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Electronic Package
  •  | 784 pp
  •  | ISBN-13: 9780133918243 | 

Online purchase price:$119.95

Instructor's Resource Manual (Download only) for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | On-line Supplement
  •  | ISBN-13: 9780133880021 | 
  • (13.8MB)

    MiniCases available for download

  • (0.4MB)

    Available for download

  • (1.2MB)

    Available for download

Test Bank (Download only) for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | On-line Supplement
  •  | ISBN-13: 9780133880076 | 
  • (2.1MB)

    Available for download

  • (0.6MB)

    Available for download

PowerPoint Presentation (Download only) for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | On-line Supplement
  •  | ISBN-13: 9780133880069 | 
  • (23.2MB)

    Available for download

Websites and online courses

MyFinanceLabPlus with Pearson etext for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2017
  •  | Website
  •  | 936 pp
  •  | ISBN-13: 9781323566176 | 

Online purchase price:$129.95

MyFinanceLab without Pearson eText -- Instant Access -- for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Website
  •  | 784 pp
  •  | ISBN-13: 9780133917994 | 

Online purchase price:$65.00

MyFinanceLab with Pearson eText -- Instant Access -- for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Electronic Package
  •  | 784 pp
  •  | ISBN-13: 9780133918243 | 

Online purchase price:$119.95

Other Student Resources

MyFinanceLab with Pearson eText -- Access Card -- for Multinational Business Finance, 14th Edition

Eiteman, Stonehill & Moffett

  • ©2016
  •  | Access Card Package
  •  | 648 pp
  •  | ISBN-13: 9780133917482 | 

Suggested retail price:$138.00 | Students, buy this product


Category: Finance

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