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International Financial Management

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  • Essay length: 3859 words
  • Submitted: 14/12/2008
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University Degree Finance

The first 200 words of this essay...

UNIVERSITY OF ST ANDREWS

School of Management

MN5607: International Financial Management

Semester One Module

Group Essay

On

"Continuing development of international business is absolutely dependent on effective and efficient international financial markets"

Attention of Donald G Macleod

Submitted By: Anna Tutarashvili 080007007

Chetan Oberoi 080015161

Daria Evtyukhova 080004439

Elena Berezovskaya 080015071

Date of Submission: 28 November 2008

Introduction

The commonly stated goal of a firm is to maximize its value and thereby multiple shareholders' wealth. Since managers have discovered that they could gain a competitive edge by going globally, more and more companies today are performing internationally in order to achieve the above mentioned goal. Developing business in foreign markets can be distinctly different from local markets and that creates a number of serious difficulties and barriers for companies to go internationally. However, today, there is a tendency towards reducing or removing barriers; thereby, firms are encouraged to pursue international business, which creates opportunities for improving their cash flows. As a result, many firms have evolved into multinational corporations (MNCs), which are defined as firms that engage in international business.

At present,

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