Nelson Higher Education

Higher Education

International Financial Management, 11th Edition

  • Jeff Madura
  • ISBN-10: 0538482966
  • ISBN-13: 9780538482967
  • 752 Pages | Hardcover
  • Previous Editions: 2010, 2008, 2006
  • COPYRIGHT: 2012 Published
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About the Product

Equip your students for success in international finance with the depth of theory and practical applications in this best-selling text. Madura's INTERNATIONAL FINANCIAL MANAGEMENT, 11E builds on the fundamental principles of corporate finance to provide the timely information and contemporary insights your students need to prosper in today's global business environment. Well-known for its inviting reader-friendly style and clear explanations, this book introduces international finance with a focus on the important role of modern multinational corporations in global commerce. The book discusses a wide range of managerial topics using a strong corporate perspective. The latest updates throughout this edition emphasize the most recent financial changes and industry trends to prepare your students for contemporary practice. This edition also now highlights financial reform and its impact on international finance today with new call-outs and content. New Online Articles as well as expanded real-world applications and clear, relevant examples provide the hands-on experience your students need to understand and effectively manage within the dynamic field of international finance. Instructive diagrams, learning features, and self-test opportunities further guide your students to the strong understanding of financial theory they'll need for international finance success.


  • INSTRUCTIVE DIAGRAM AT BEGINNING OF EACH PART ILLUSTRATES RELATIONSHIP OF CONCEPTS. This useful, detailed diagram at the beginning of each part of the text visually clarifies how the key concepts of the part relate to one another. The diagram also details how each text chapter is organized.

  • CLEAR LEARNING OBJECTIVES AND LISTS OF KEY CONCEPTS GUIDE READING AND STUDY. To direct students in their individual study, review and reading, this edition lists learning objectives and key concepts for each chapter at the beginning of the chapter. These learning tools assist students in preparation for mid-term and final exams.

  • TIMELY, RELEVANT EXAMPLES REINFORCE PRACTICAL APPLICATION OF CONCEPTS. Numerous memorable examples throughout this edition reinforce key concepts and show students the practical applications and importance of the material they're learning within each chapter in today's financial world.

  • DETAILED SUGGESTIONS FOR "CREDIT CRISIS" TERM PAPER PROVIDE MEANINGFUL CONTEXT FOR STUDY. Useful suggestions for creating a "Credit Crisis" term paper at the end of Chapter 1 provide a relevant, engaging opportunity for your students to apply key concepts within a well-developed, meaningful project.

  • DIRECT EXCHANGE RATE TRENDS LIST PROVIDES THIS CRITICAL INFORMATION AT A GLANCE. This edition provides a Direct Exchange Rate Trends list to emphasize this important aspect of international finance and provide quick access to this significant information.

  • SELF TESTS ALLOW STUDENTS TO CHECK THEIR UNDERSTANDING OF CONCEPTS AS THEY PROGRESS. A helpful "self test" at the end of most chapters enables your students to evaluate their personal understanding of key concepts as they move ahead through the book. This helps prepare them for more comprehensive reviews in preparation for mid-term and final exams.


"This text is concise and well written [in] covering the latest methods of ... financial management for multinational corporations doing business in highly integrated business environment. …"
— Duc Ngo, The University of Texas at El Pas

About the Author

Jeff Madura

Dr Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including Financial Markets and Institutions (now in its 12th edition). His research on international finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Banking and Finance; Journal of Money, Credit and Banking; Journal of International Money and Finance; Financial Management; Journal of Financial Research; Financial Review; Journal of International Financial Markets, Institutions and Money; Global Finance Journal; International Review of Financial Analysis and Journal of Multinational Financial Management. Dr Madura has received multiple awards for excellence in teaching and research, and he has served as a consultant for international banks, securities firms and other multinational corporations. He served as a director for the Southern Finance Association and the Eastern Finance Association, and he is also former president of the Southern Finance Association.

Table of Contents

1. Multinational Financial Management: An Overview.
2. International Flow of Funds.
3. International Financial Markets.
4. Exchange Rate Determination.
5. Currency Derivatives.
6. Government Influence on Exchange Rates.
7. International Arbitrage and Interest Rate Parity.
8. Relationships among Inflation, Interest Rates, and Exchange Rates.
9. Forecasting Exchange Rates.
10. Measuring Exposure to Exchange Rate Fluctuations.
11. Managing Transaction Exposure.
12. Managing Economic Exposure and Translation Exposure.
13. Direct Foreign Investment.
14. Multinational Capital Budgeting.
15. International Corporate Governance and Control.
16. Country Risk Analysis.
17. Multinational Cost of Capital and Capital Structure.
18. Long-Term Debt Financing (new chapter name).
19. Financing International Trade.
20. Short-Term Financing.
21. International Cash Management.
Appendix A: Answers to Self-Test Questions.
Appendix B: Supplemental Cases.
Appendix C: Using Excel to Conduct Analysis.
Appendix D: International Investing Project.
Appendix E: Discussion in the Boardroom.
Direct Exchange Rates over Time (inside front and back covers).

New to this edition

  • NEW EMPHASIS ON FINANCIAL REFORM HIGHLIGHTS DEVELOPMENTS RESHAPING THE INDUSTRY. This edition prepares your students for the international financial world of tomorrow with a new focus on reform in the financial industry. New "financial reform" call-outs appear next to all applicable content. The book still thoroughly addresses the global financial and credit crisis, but with less intensity.
  • NEW "ONLINE ARTICLES" ENCOURAGE FINANCIALLY RELATED INTERNET RESEARCH. This edition provides a new online research assignment at the end of each chapter that prompts students to practice their internet research skills as well as connect this edition's content to timely financial activities.
  • TIMELY UPDATES THROUGHOUT THIS EDITION REFLECT THE MOST RECENT FINANCIAL DEVELOPMENTS AND TRENDS. This edition's updated content prepares your students to deal with the most recent financial changes, developments and trends in today's ever-changing financial industry.
  • EXPANDED QUESTIONS AND APPLICATIONS PROVIDE TIMELY REVIEW. More comprehensive Questions and Applications at the end of each chapter offer engaging exercises to help your students review and apply concepts from the text. Averages of two to three new problems have been added to this section in most chapters.
  • FRESH NEW DESIGN IMPROVES READABILITY. This edition provides content within an inviting, visually appealing fresh design created to improve readability and further encourage student comprehension.


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Instructor's Resource CD-ROM  (ISBN-10: 1111527113 | ISBN-13: 9781111527112)

Find the time-saving resources you need all at your fingertips and all updated to reflect this edition's changes. The Instructor's Manual provides chapter outlines, summary of key concepts for discussion, and answers to Point-Counterpoint and end-of-chapter Questions and Problems. The Test Bank in Microsoft® Word contains multiple-choice and true/false questions and is also available in ExamView® format. PowerPoint® slides clarify content and guide student note-taking. An additional separate set of slides reinforces exhibits. Access and download all instructor resources from the text companion site [except the ExamView® Test Bank which is available on the IRCD only].