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Multinational Financial Management |
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Binding: Hardcover Dewey Decimal Number: 332 EAN: 9780471366102 Edition: 6th ISBN: 0471366102 Label: John Wiley & Sons Inc Manufacturer: John Wiley & Sons Inc Number Of Items: 1 Number Of Pages: 824 Publication Date: November 15, 1999 Publisher: John Wiley & Sons Inc Studio: John Wiley & Sons Inc |
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| Customer Reviews | ||
![]() - good sellerAs I bought it at a very low price, I didn't expect to get such a new book. What a pleasant surprise! And the shipment was really fast. Overall, I was very satisfied with the service of the seller. Rating: - 5 starsThe book was in excellent condition. I bought it brand new. It was packaged in a way so as to keep it looking new. This book was prescribed and part of the course I took in MBA program. Love the book, its very interesting. Rating: - Multinational Financial ManagementIt is use full, but if I didn't have it for a class I would not purchase it. Rating: - Verbose and ObtuseI used this book for the first and last time in Autumn term 2006 with 28 foreign students in my Global Finance MBA course. When one wishes to make money by consistently reissuing new editions he has an obligation to update it at least minimally, (The Paul Samuelson Rule). In this case Greed is not good. Hence, my exasperation when I open the 2006 edition of the book and on the first page learn that the currency of Belgium is the Belgian franc, the currency of Ireland is the pound,(Ireland's curency was never the pound; it was the punt) or that Germany still has the DM. Many of students lost points on a midterm because they thought the currency of Finland is is the markka. Shapiro in 2006 says so. On the next page he fails to mention Monaco; there are a lot of capital flows internationally through Monoco. And on that page Spain still has a peseta.Portugal has escudos. The book also suffers from wordiness. I did like the key phrases section in each chapter; I thought at least that all key phrases would be included in the glossary but I could find all there. There is a certain obtuseness which I did find perplexed my students sometimes, who did not quite enjoy this book as I had hoped. We would not use it again. I tried to contact the author by email with several queries but did not experience the courtesy of a reply. Rating: - Sometimes WordyThis is one of the better books for a course in international finance. It has cases in the text, which allows the student to get the real world intuition of the topics that are being covered. This is not a text that only extends capital budgeting to an international setting, it also includes some concepts borrowed from international economics (e.g. purchasing power parity, interest rate parity, covered interest arbitrage, etc.). It also looks into some risk management practices that are relevant for multinational corporations. However, I feel that some topics could have been cut short and the author just wanted to add a few (hundred) more pages to the text. |
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