Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not only seen in the 'Line' but also in the capacity of 'Staff' in overall administration of a company. It has been defined differently by different experts in the field. It includes how to raise the capital, how to allocate it i.e. capital budgeting. Not only about long term budgeting but also how to allocate the short term resources like current assets. It also deals with the dividend policies of the share holders. DEFINITION of 'Strategic Financial Management ' Managing an organization's financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company's finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance. The term "strategic" means that this approach to financial management has a long-term horizon.
Because of this, the book builds on the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance.
Focused on real-life decision making in an international context, this text demystifies and simplifies multinational financial management by showing that it is a natural and logical extension of the principles...
This book provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the math and terminology surrounding this field to realize the general ...
Multinational Financial Management
Foundations of Multinational Financial Management
Foundations of Multinational Financial Management 6e + Study Guide
Multinational Financial Management: Review Copy
Work more effectively and gauge your progress along the way! This Study Guide is designed to accompany Shapiro’s Foundations of Multinational Financial Management, 5th Edition. It contains detailed chapter outlines...
Multinational Financial Management
Focused on real--life decision making in an international context, this text demystifies and simplifies multinational financial management in a clear, conceptual framework.