Foundations of Multinational Financial Management
Average customer rating: 3.5 out of 5 stars
  • Wordy and confusing
  • Can be confusing, major focus on economics
  • Excellent book.
Foundations of Multinational Financial Management
Alan C. Shapiro
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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Accessories:
  1. Study Guide to accompany Foundations of Multinational Financial Management, 5th Edition Study Guide to accompany Foundations of Multinational Financial Management, 5th Edition

ASIN: 0471563374

Book Description

All too often, companies focus on the threats and risks inherent in venturing abroad. But multinational firms actually have unique opportunities that are not available to purely domestic firms. Now updated, revised, and reorganized, Alan Shapiro’s Foundations of Multinational Financial Management, 5/e will help you take advantage of these valuable opportunities. Foundations emphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management.

Customer Reviews:

2 out of 5 stars Wordy and confusing.......2006-05-02

The author uses a lot of wordy language to make simple concepts complicated. Also I agree with another review: there is a lot of macroeconomics. I think Dr. Shapiro needs to understand how his readers learn, not how he can enjoy his writing.

3 out of 5 stars Can be confusing, major focus on economics.......1999-06-11

This textbook may not be a good choice for undergraduate students or for someone who does not have an intermediate or higher knowledge of finance. Wording in the chapters and in the end of chapter problems can be confusing. Statements are made and then not backed up with supporting information. The book spends a large amount of time on a macroeconomic view.

5 out of 5 stars Excellent book........1999-06-11

We adopted this book during the first semester of 1999 with excellent results. Our students were delighted with the practical approach, and the breadth of its contents. Recently our country has been through a monetary turmoil, and the book served very much to explain the policies that our local central bank authorities have been pursuing.
Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management
Average customer rating: 4 out of 5 stars
  • 5 days to Kuwait
  • Not As Helpful as the Title Suggests
  • Nice book, but read this for risk management fundamentals
  • Great Lessons in De-Risking, in a Very Readable Book !
Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management
Thomas L. Barton , William G. Shenkir , and Paul L. Walker
Manufacturer: FT Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0130087548

Book Description

Making Enterprise Risk Management Pay Off shows how top companies are transforming risk management into an integrated, continuous, broadly focused discipline that identifies and assesses risks more effectively, responds more precisely, and discovers not just "downsides" but breakthrough opportunities as well. Through five wide-ranging case studies - Chase Manhattan, Microsoft, DuPont, Unocal, and United Grain Growers - you'll learn powerful new risk management techniques that span the entire enterprise, and deliver unprecedented business value.

Download Description

Making Enterprise Risk Management Pay Off shows how top companies are transforming risk management into an integrated, continuous, broadly focused discipline that identifies and assesses risks more effectively, responds more precisely, and discovers not j

Customer Reviews:

5 out of 5 stars 5 days to Kuwait.......2007-05-29

I ordered a book through another online book provider and received three different delivery dates which were well beyond the date originally quoted. I needed the book fast for an online class so I ordered through AMAZON whcih delivered the book through the postal system arriving in 4 or 5 days much to my surprise. Excellent service.

2 out of 5 stars Not As Helpful as the Title Suggests.......2006-02-25

If you are interested to see what other companies are doing, who have no relevance to yours, this book is for you. If you are looking for practical guidance that you can use in your own situation, buy something else.

4 out of 5 stars Nice book, but read this for risk management fundamentals.......2004-12-26

After reading `Making Enterprise Risk Management Pay Off', I must say that I can recommend it. Buy it if you want to know how large companies have been dealing with risk management in the past years. This book will not really help you understand the fundamentals of risk management, and that isn't the primary focus of this book.

I would recommend that you do not read `Making Enterprise Risk Management Pay Off' just by itself. I highly recommend `Controlling the controllable: the management of safety' by Dr. Jop Groeneweg. This is a must-read if you are interested in risk management and it will give you an good basis for reading `Making Enterprise Risk Management Pay Off'.

`Making Enterprise Risk Management Pay Off', unlike what may be suggested, isn't about companies on the cutting edge of risk management. In my opinion that's only partly true. These companies are dealing with highly visible risks, but in risk management that is the easy part of the job. Dealing with the invisible risks, most often those risks lurking in a company's own organization, is much harder. It is unfortunate that the Tripod risk management methodology isn't discussed in this book because it is THE methodology for integrated risk management.

I would recommend that those interested also read up on a risk management tool called BowTie XP, which really represents the leading edge of risk management research today. I believe the majority of companies in this book will be using BowTie XP for risk management in the coming years.

`Making Enterprise Risk Management Pay Off' is quite readable and I enjoyed reading it. When you read it, realize that risk management is evolving quickly. Don't try to copy the companies in this book with respect to risk management, unless you only want to deal with highly visible risks.

5 out of 5 stars Great Lessons in De-Risking, in a Very Readable Book !.......2002-03-03

After the Enron meltdown, risk management is as hot as fire. You can?t pick up the newspaper without stories about all the risks facing businesses and investors.

I run a medium size business in a big city. If you want to ?de-risk? a company, you need to learn from managers who are already doing it and doing it well. This book has very detailed cases about the risk management programs at companies like Microsoft and DuPont with managers telling their own stories. The book is short on fancy theories and long on practical ideas.

I admit I was surprised to see Chase bank among these elite companies. Chase wrote off $500 million because of Enron. But you have to wonder how much more they would have written off without a good risk management program. No one ever said these systems are perfect. The Chase chapter even describes two big problems the bank had with their bookkeeping and how they were fixing them.

This book has everything you need to get started in a good risk management program. Lord knows businesses had better manage their risks or they?re history.
Intelligent Decision-making Support Systems: Foundations, Applications and Challenges (Decision Engineering)
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    Intelligent Decision-making Support Systems: Foundations, Applications and Challenges (Decision Engineering)

    Manufacturer: Springer
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Business & Investing | Subjects | Books
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    ASIN: 1846282284

    Book Description

    Decision-making Support Systems (DMSS) are computer-based systems that support individual or organisational decision-making processes. Recent advances in information technology and artificial intelligence are enhancing these systems and giving rise to intelligent-DMSS.

    Intelligent Decision-making Support Systems: Foundations, Applications and Challenges is the first book to provide integrated coverage of the technical aspects of intelligent Decision-Making Support Systems together with discussion of their application and evaluation in organisational structures.

    The book brings together up-to-date information on the theory and application of i-DMSS. Readers will learn about the foundations, architectures, methods and strategies for successfully designing, developing, implementing, and evaluating intelligent Decision-making Support Systems.

    Intelligent Decision-making Support Systems: Foundations, Applications and Challenges will be of value to researchers in AI and management studies interested in the latest thinking in decision-making, as well practising managers and consultants who are involved with putting advanced information technologies into practice in organisations.

    New Foundations of Cost-Benefit Analysis
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      New Foundations of Cost-Benefit Analysis
      Matthew D. Adler , and Eric A. Posner
      Manufacturer: Harvard University Press
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      Binding: Hardcover

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      5. Cost Benefit Analysis: Concepts and Practice (3rd Edition) Cost Benefit Analysis: Concepts and Practice (3rd Edition)

      ASIN: 0674022793

      Book Description

      Cost-benefit analysis (CBA) has been an important policy tool of government since the 1980s, when the Reagan administration ordered that all major new regulations be subjected to a rigorous test of whether their projected benefits would outweigh their costs. Not surprisingly, CBA has been criticized by many who claim that it neglects, especially on the benefit side, important values that are hard to measure.

      In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. They show why the link between preferences and well-being is more complicated than economists have thought. Satisfying a person's preference for some outcome is welfare-enhancing only if he or she is self-interested and well-informed. Also, cost-benefit analysis is not a super-procedure but simply a way to identify welfare-maximizing policies. A separate kind of analysis is required to weigh rights and equal treatment.

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      Five Most Important Questions (Drucker Foundation Self-Assessment)
      Average customer rating: 5 out of 5 stars
      • Must have for all New Board Members
      Five Most Important Questions (Drucker Foundation Self-Assessment)
      Peter F. Drucker
      Manufacturer: Jossey-Bass
      ProductGroup: Book
      Binding: Paperback

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      ASIN: 155542595X

      Customer Reviews:

      5 out of 5 stars Must have for all New Board Members.......1997-12-31

      Having served on many boards, this no nonsense approach to the "real" work of a board is a must. Too much time and energy is wasted by boards, its members and staff doing non-strategic work. This assessment tool helps to clarify the "real" work.
      Generations of Giving: Leadership and Continuity in Family Foundations
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        Generations of Giving: Leadership and Continuity in Family Foundations
        Gersick Kelin E.
        Manufacturer: Lexington Books
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        Binding: Paperback

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        ASIN: 0739118633

        Book Description

        Using detailed and comprehensive analysis, Generations of Giving: Leadership and Continuity in Family Foundations examines continuity and leadership over time within family foundations. Although the foundations in the study are quite diverse in their goals and management, they have all had to confront and survive a common set of challenges. At the core of this volume is the study of two aspects of philanthropy: funding and volunteers each essential to the survival of a foundation. This study is about the why and the how of these two crucial aspects. Co-published with the National Center for Family Philanthropy.
        The Psychology of Decision Making: People in Organizations (Foundations for Organizational Science)
        Average customer rating: Not rated
          The Psychology of Decision Making: People in Organizations (Foundations for Organizational Science)
          Lee R. (Roy) Beach , and Terry Connolly
          Manufacturer: Sage Publications, Inc
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          Binding: Hardcover

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          ASIN: 1412904390

          Book Description

          The Psychology of Decision Making provides an overview of decision making as it relates to management, organizational behavior issues, and research. This engaging book examines the way individuals make decisions as well as how they form judgments privately and in the context of the organization. It also discusses the interplay of group and institutional dynamics and their effects upon the decisions made within and on the behalf of organizations. Researchers and advanced students in the field of organization science, social, and industrial psychology who want a better understanding of how the field has developed as a scholarly discipline and of the processes involved in decision making will find this an excellent resource. The Second Edition has been entirely revised and updated to reflect recent research and changing perspectives with the help of new co-author Terry Connolly, Finova Professor of Management and Policy at the University of Arizona.

          New to the Second Edition are:

          Latest developments in the field building on Prospect Theory

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          The Calculus of Consent: Logical Foundations of Constitutional Democracy (Ann Arbor Paperbacks)
          Average customer rating: 4.5 out of 5 stars
          • Fascinating book
          • High praise with a grain of salt
          • Foundation for Studying Political Economy
          • Classic work in economics and political organization
          • Mixed Feelings
          The Calculus of Consent: Logical Foundations of Constitutional Democracy (Ann Arbor Paperbacks)
          James M. Buchanan , and Gordon Tullock
          Manufacturer: University of Michigan Press
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          Binding: Paperback

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          2. Social Choice and Individual Values, Second edition (Cowles Foundation Monographs Series) Social Choice and Individual Values, Second edition (Cowles Foundation Monographs Series)
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          ASIN: 0472061003

          Book Description

          A scientific study of the political and economic factors influencing democratic decision making

          Customer Reviews:

          5 out of 5 stars Fascinating book.......2007-04-28

          This is truly a fascinating book. Few books have had a greater influence on my political thought. The initial assumptions have a libertarian bent, but the construction of the argument from there is brilliant. As for an overview of the book, I feel that Mr. Templeman's review below was just about perfect.

          5 out of 5 stars High praise with a grain of salt.......2007-01-07

          The main contribution of this pathbreaking book is by providing a rationale for the "counter-majoritarian difficulty": Why does society tolerate the "dead hand" of the constitutional framers to limit the freedom of choice of living individuals who wish to undo the constitution? The authors muse that in some previous stage, where individuals cannot identify their future preferences, each individual is threatened by two kinds of risk: The first is that others will attempt to take something that belongs to her and achieve their purpose by popular vote. From this prespective each individual desires that such a popular vote will not be made effectual unless supported by the largest number of participants. The second concern is that individuals might wish, in the future, to appropriate something that belongs to others, and may be thwarted by a popular vote, inimical to their cause. From this second perspective they wish to institute a rule that allows the appropriation to take place with only a minimal number of supportets. Each one of these two perils can be represented by a cost function, where the cost is a function of the number of voters necessary to carry the proposed measure; adding up the two functions generates an aggregate cost schedule for all rational players. The minimum of the aggregate function indicates the optimal number of individuals, as a portion of the voting population, necessary for carrying the proposed measure. If this number is greater than 50% of the population, this fact justifies the entrenchment of entitlements in a constitution. The grain of salt that must be added to this analysis is that the authors do not provide an explanation why that number might be greater than 50% of the population, or what might be the conditions that must be satisfied for the generation of that number.

          5 out of 5 stars Foundation for Studying Political Economy.......2006-01-28

          A few other reviews have dismissed this book somehow as sloppy and even halarious. I would like to just make sure that the credibility of the work put forth by Buchanan and Tullock is realized. This book, along with a number of other great accomplishments, won James Buchanan a Nobel Prize in economics. To view this work as a right wing rationalization is way off base, study the works of Buchanan and Tullock and you will realize that statement is completely ridiculous.

          5 out of 5 stars Classic work in economics and political organization.......2005-03-29

          The Calculus of Consent, written by James M. Buchanan and Gordon Tullock, is one of the founding publications of what has since become known as the subdiscipline of public choice, which is the application of tools of economic analysis to the domain of political decision making. In theory, political decisions are made by elected officials in their pursuit of the "general interest" or the "common good", however defined. In reality, however, political decisions reflect the outcome of the workings of a number of interested parties, which includes voters, politicians, career government officials (bureaucrats), special-interest groups, lobbyists, etc., each of whom have their own agendas and interests. When someone appeals to the public interest while making a political argument, more often than not the underlying motive is a matter of self-interest (e.g. teachers' unions angling for larger teacher salaries under the pretext of improving public education). Public choice theory does not mean to be critical or cynical about this. Instead, it is merely intended to be descriptive: that's simply the way the political decision-making process works, and we need to understand this first before we try and improve the world through politics. For his central role in the development of public choice theory, professor Buchanan would go on to earn the 1986 Nobel prize in economics.

          The book's main contribution lies in its development of the analysis of political behavior, particularly so-called logrolling (i.e. vote-trading, or political exchange). The Founding Fathers set up our political system in order for the general interest to be served rather than interests that only benefit specific groups at the expense of the rest of the population. But elected officials have learned to circumvent that intent by happily trading their vote on issues on which they don't care one way or the other in exchange for votes on issues about which they do care. All members of the legislature end up voting for each other's pet projects, which all get enacted at taxpayers' expense.

          The authors propose that one solution would be to distinguish between legislative rules and constitutional rules. Legislative (statutory) rules may be adopted by simple majority coalitions pursuing their own interests. Constitutional rules, on the other hand, are supposed to be decided on without regard for short-term individual consequences ("what is right in the long run?" instead of "what's good for me today?"). Legislative rules are substantive, constitutional rules are procedural. Constitutional rules are meant to restrict abuse of the legislative process by majority coalitions. The difference between legislative and constitutional rules is perhaps somewhat idealistic. After all, what's to prevent people from voting for or against constitutional rules based on their short-term interest. In theory, people are thought to realize that "what's right" will also benefit them, as everyone else will be bound by the same rules, but in practice it doesn't always quite work that way (e.g. people may be aware that a constitutional balanced budget amendment is the morally right thing to do to prevent saddling their descendants with public debt, but as of yet no such amendment has been enacted). Still, the legislative-constitutional distinction is at least helpful as an analytical device.

          As the authors acknowledge, in real life things aren't always quite as black-and-white as they have here been described. Sometimes people--yes, even some politicians--vote according to their conscience rather than according to their own self-interest. But the insights and analysis offered by the book and by public-choice theory more often than not do apply. The book is highly persuasive in demonstrating that democracy's simple-majority voting rule (50 percent plus one vote) does not inherently lead to superior decisions. For example, it offers a convincing explanation for why even in majoritarian democracy, taxes and government spending, whether on public services or on redistribution, are clearly "too large", i.e. larger than the vast majority of Americans would agree to if they were to redesign and rebuild government all over again from scratch today.

          Stylistically, the book is light on math and the authors have an elegant writing style. But it is somewhat on the academic side and rather heavy on preliminaries. More comprehensive and more easily digestible treatments of issues of political decision making in a democratic context do exist, but even now, some four decades after its initial publication, the book is still considered a classic work in the history of economics and political organization. Its central section is "a simple logrolling model" (pp. 136-142 in the Buchanan Collected Works edition).

          3 out of 5 stars Mixed Feelings.......2005-02-14

          The book contains exposition of important insights. Constitutional rules of decision produce political parties as a byproduct. Representative legislatures reduce the cost of collective decision processes. Logrolling is trade in the political context, and so the participants in logrolling benefit from it. When decision authority arises fundamentally from individuals, logrolling will occur. In liberal democracies, the government will tax all persons at a fairly high rate, and the tax law will stipulate numerous special exceptions granting lower rates or exemptions.

          On the other hand, the book is difficult to read. The authors mercifully avoid the mathematics that frequently obscures economic thought and creates a facade of ersatz logic. However, wading through the prose is a hard slog, tending to make the concepts unreachable.

          We can't be hard on the authors, though. That they articulated the ideas at all is more than the entirety of humanity did in the preceding millenia.

          Still one hopes some determined disciple will lucidly render the ideas. Both opportunity and need exist for the story better told.
          The Making of Economics: The Foundation
          Average customer rating: Not rated
            The Making of Economics: The Foundation
            E. Ray Canterbery
            Manufacturer: World Scientific Publishing Company
            ProductGroup: Book
            Binding: Paperback

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            ASIN: 9812383255

            Book Description

            A classic returns. The third edition of The Making of Economics appeared in 1987. Now, in a major revision, Ray Canterbery brings the book right up to date with new chapters on the "casino economy" (a term the author invented to describe an economy driven by making money with money rather than focusing on real production, now overtaken by reality), Joseph Schumpeter, globalization, and general equilibrium. Canterbery retains the engaging flavor of the earlier editions by covering the times and ideas of the major economists, such as Smith, Ricardo, Malthus, Mill, and Marshall, while giving ample ink to the remarkable dissidents — Marx, Veblen, Galbraith, Heilbroner, and other "radicals". Canterbery again unmasks a traditional economics eschewing value judgements but itself standing on hidden ones even as he traces its origins to Isaac Newton's idea of an orderly universe. Personal references relate the great economists' ideas to the societies in which they lived, making the historical figures really come alive. Economics is displayed as a developing discipline, a discipline still evolving.
            Foundations of Decision Analysis
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              Foundations of Decision Analysis
              Ronald A. Howard , and Ali E. Abbas
              Manufacturer: Prentice Hall
              ProductGroup: Book
              Binding: Hardcover

              GeneralGeneral | Business & Investing | Subjects | Books
              MISMIS | Industries & Professions | Business & Investing | Subjects | Books
              Decision-Making & Problem SolvingDecision-Making & Problem Solving | Management & Leadership | Business & Investing | Subjects | Books
              GeneralGeneral | Industrial, Manufacturing & Operational Systems | Engineering | Professional & Technical | Subjects | Books
              GeneralGeneral | Arts & Photography | Subjects | Books
              ASIN: 0132336243

              Books:

              1. Game Theory for Applied Economists
              2. Ghetto Schooling: A Political Economy of Urban Educational Reform
              3. Gilded Tarot
              4. Global Capital, Political Institutions, and Policy Change in Developed Welfare States (Cambridge Studies in Comparative Politics)
              5. Global Challenges: An Approach to Environmental, Political, and Economic Problems
              6. Global Governance and the New Wars: The Merging of Development and Security
              7. Global Shift, Fifth Edition: Mapping the Changing Contours of the World Economy (Global Shift: Mapping the Changing Contours)
              8. Global Strategy (with World Map and InfoTrac )
              9. Handbook of Semidefinite Programming - Theory, Algorithms, and Applications (INTERNATIONAL SERIES IN OPERATIONS RESEARCH AND) (International Series in Operations Research & Management Science)
              10. Harold Wilson and European Integration: Britain's Second Application to Join the EEC (Cass Series--British Foreign and Colonial Policy Series)

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