What’sSp ecial about International Finance? Expanded Opportunity set a It doesnt make sense to play in only one corner of the sandbox True for corporations as well as individual investors McGraw-Hilylrwoin 1-5 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rights
McGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 1-5 ⚫ Expanded Opportunity Set ◼ It doesn’t make sense to play in only one corner of the sandbox. ◼ True for corporations as well as individual investors. What’s Special about “International” Finance?
Goals for International financial Management o The focus of the text is to equip the reader with the intellectual toolbox?of an effective global manager-but what goal should this effective global manager be working toward? o Maximization of shareholder wealth? or Other goals? McGraw-Hilylrwoin 1-6 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rights
McGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 1-6 ⚫ The focus of the text is to equip the reader with the “intellectual toolbox” of an effective global manager—but what goal should this effective global manager be working toward? ⚫ Maximization of shareholder wealth? or ⚫ Other Goals? Goals for International Financial Management