International Financial Management
International Financial Management
14th Edition
ISBN: 9780357130698
Author: Madura
Publisher: Cengage
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Continental European countries historically relied upon capital provided by the state, banks or families whereas other countries, such as the United States, the United Kingdom, Canada, and Australia have relied on receiving funding from a large number of external investors. How would this difference in funding sources impact the type of reporting undertaken and the expertise of the local accounting profession?
What is the primary source of external financing for businesses in North America? Explain
a. Discuss factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm; and b. Identify for corporations to build manufacturing plants abroad when they can build them at home country
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