International Financial Management,
6th Edition

Jeff Madura, Roland Fox

ISBN-13: 9781473787216
Copyright 2023 | Published
688 pages | List Price: USD $75.50


Part I. The international financial environment
1. Multinational financial management: an overview
2. International trade, measurement and theories
3. International financial markets and portfolio investment
4. Ethics

Part II. Exchange rate behaviour
5. Exchange rate changes
6. Exchange rate history and the role of governments
7. Forecasting exchange rates
8. International arbitrage and covered interest rate parity
9. Relationships between inflation, interest rates and exchange rates

Part III. Exchange rate risk management
10. Measuring exposure to exchange rate fluctuations
11. Market insurance: currency derivatives
12. Non-market methods of transaction management
13. Economic and translation exposure management

Part IV. Long-term asset and liability management
14. Foreign direct investment
15. Country risk analysis
16. Long-term financing

Part V. Short-term asset and liability management
17. Financing international trade
18. Short-term financing
19. International cash management
20. Concluding comments

Appendix A: Answers to self-test questions
Appendix B: Maths and statistics support

Online additional reading
1. Multinational restructuring
2. Multinational cost of capital and capital structure
3. Multinational capital budgeting

  • Jeff Madura

    Dr. Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr. Madura has served as a consultant for commercial banks, securities firms, and numerous other financial institutions. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association.

  • Roland Fox

    Roland Fox graduated from Manchester University and joined PriceWaterhouseCoopers. He subsequently worked in insurance and for a multinational company, Invensys, before taking up a lecturing post. He is currently a Senior Lecturer in Finance at Salford University. He has published a number of papers on management accounting, finance and education.

  • A new chapter structure and additional content reflect the growing importance of ethical and social concerns in the international financial environment.

  • Increased coverage of cryptocurrencies introduces students to their implications for finance professionals.

  • Updated end-of-chapter exercises requiring independent online research allow learners to practise with real data.

  • New detailed explanations of Excel use and data presentation develop the practical skills needed for a future career in finance.

  • Current and relevant examples bring international financial management to life.

  • Using the Web features support learners with further reading, research suggestions and a wider context.

  • Critical Debate sections encourage students to relate chapter content to current affairs.

  • End-of-chapter questions entrench key chapter concepts and invite students to check they have fully understood the subject matter.

  • An extended case study allows learners to apply their knowledge and to apply international financial management to a real-world scenario.

  • Small Business Dilemma assignments give students an insight into the perspective of small- and medium-sized enterprises (SMEs) highlighting the differences between firms of all sizes.

  • This title is available with MindTap, a flexible online learning solution that provides your students with all the tools they need to succeed, including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.