Product Description

INTERNATIONAL FINANCIAL MANAGEMENT strives to build on the foundation of corporate finance. Recognizing that multinational corporations continue to globally expand, this text first provides a background on the international environment and then focuses on the managerial aspects from a corporate perspective. This book gives you the tools to understand the international financial environment so that you can manage within it.

Product Details

• Amazon Sales Rank: #52930 in Books
• Published on: 2007-09-24
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 704 pages

About the Author
Jeff Madura is the SunTrust Bank Professor of Finance at Florida Atlantic University. He received his Ph.D. from Florida State University and has written several highly regarded textbooks, including FINANCIAL MARKETS AND INSTITUTIONS. His research on international finance has been published in numerous journals, including the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS; JOURNAL OF MONEY, CREDIT AND BANKING; FINANCIAL MANAGEMENT; JOURNAL OF FINANCIAL RESEARCH; and FINANCIAL REVIEW. He has received multiple awards for excellence in teaching and research and has served as a consultant for international banks, securities firms, and other multinational corporations. He has also served as director for the Southern Finance Association and Eastern Finance Association and as president of the Southern Finance Association.

Customer Reviews

Worth it
I have had many textbooks over the years and this is one of the best I have had. Some textbooks I have not even bothered to read but this one clearly explained the concepts it presented and was a great addition to my instructor's lectures. It gave a lot of real life examples in order to show applicablility and I actually didn't mind reading the chapters. The key learning objectives were really good as well as the questions at the end in order to meet educational needs. The online tools available with this book were also essential to passing exams with good grades. It was worth having to buy for my class.

So Poorly Edited, It will Give You the Wrong Answers!
There are completely incorrect solutions to problems in every chapter! Not partially correct, not open to interpretation, but flat out WRONG answers, some of which are contradicted by other information in the study guide itself.

It is extremely frustrating to study from something that gives you the wrong answers so often. I can't believe the irresponsibility of the authors in releasing such a terribly written, half-assed study guide that so many students are relying on as a learning tool!

Some examples:

-In chapter one, the answer to multiple choice question 13 indicates that "LICENSING obligates a firm to provide a specialized sales or service strategy", not FRANCHISING. However, the following question 21 states that "LICENSING obligates a firm to provide its technology while FRANCHISING obligates a firm t provide a specialized sale or sevice strategy".

In chapter two, after talking about the International Monetary Fund and abbreviating it to "IMF", suddenly they mix up the letters and start talking about the "IFM". This is so confusing because on the very same page, they introduce so many other acronyms, such as IFC, CFF, IDA, SDR, SAL, BIS, MIGA, and GATT. How can we be expected to keep all these straight if the authors can't?

In the "key terms matching" for chapter three, the answer key lists "G" as the correct answer twice. This is a matching exercise, so each letter can only be used once. "C" is not used at all. This makes "the act of simultaneously buying and selling the same or equivalent assets..." the answer for both "arbitrage" and "currency forward contract". It is in fact the INCORRECT definition for currency forward contract and you would get that same question wrong if you did that on a test.

This book is so terribly unreliable that I have to wonder how many other fallacies I have learned to be the truth, and how many questions I will miss on my test because of it. I've mentioned this in class to my instructor and he agreed that the study guide is full of mistakes. I just don't understand how something gets to an eighth edition and goes to press in such a state. I am disgusted and disappointed by its author's/editor's outright laziness and lack of respect towards students... and I'm only working on my first test!

Excellent for International Business!
The book was one of the best books I used throughtout my career, it's good for economist, finance people, and anybody who is in the international field in general.