Chat with AI
International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
Edition 6ISBN: 978-0071316972International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
Edition 6ISBN: 978-0071316972 Exercise 2
Why is it important to study international financial management
Explanation
Verified
Verified
In general a financial manager of a firm operating business within a country only deals with economic conditions of the country only. These economic conditions include interest rate, inflation, business cycle, production, consumption etc. This is because this firm operates within a country only.
Nowadays, more and more companies are becoming multinational or involved in international trade to get the advantages of globalization and competitive edge. In reference of a finance manager of a multinational firm or of a firm involved in international trade face the heat of change in foreign exchange rate, interest and inflation in global economy etc. The foreign exchange rate, interest rate and inflation in global economy are part of international financial management.
Thus, it is becoming important to study international financial management.
Nowadays, more and more companies are becoming multinational or involved in international trade to get the advantages of globalization and competitive edge. In reference of a finance manager of a multinational firm or of a firm involved in international trade face the heat of change in foreign exchange rate, interest and inflation in global economy etc. The foreign exchange rate, interest rate and inflation in global economy are part of international financial management.
Thus, it is becoming important to study international financial management.
International Financial Management 6th Edition by Sanjiv Eun, Cheol Resnick, Bruce Sabherwal
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
