BUSF_A01.qxd

Chapter 15 • International aspects of business finance the obligation, to exchange a specified amount of a particular currency f ...

Problems of internationalisation risk as a part of economic risk and, given the definition of economic risk that we have just me ...

Chapter 15 • International aspects of business finance be commercially unsound. For example, it is not always easy to trade in t ...

International investment appraisal and, all things being equal, so will be future profits that those assets might generate. The ...

Chapter 15 • International aspects of business finance generated. There are, however, aspects of international investments that ...

Risks of internationalisation Risk assessment There are likely to be risks inherent in a foreign environment that are not presen ...

Chapter 15 • International aspects of business finance 80 per cent. So even diversification by a holder of UK equities into Dutc ...

Summary This, from an internationally diversified shareholders’ perspective, means that busi- nesses should leave international ...

Chapter 15 • International aspects of business finance lInterest rate parity =where nominal interest rates are different between ...

Summary lUse the spot market and a money market (borrowing or lending) hedge. For example, business expecting a receipt in forei ...

Chapter 15 • International aspects of business finance Many business finance texts cover international aspects. Arnold (2005) in ...

Problems There are sets of multiple-choice questionsand missing-word questionsavailable on the website. These specifically cover ...

16.1 Introduction Definition of a small business What people mean by ‘small’ in the present context seems to vary widely: number ...

Introduction ‘ l They are more substantial than the very small businesses that act as the medium for the self-employment of thei ...

Chapter 16 • Small businesses There are few areas of business finance where the broad principles that apply to large businesses ...

Corporate objectives a pattern that seems likely to be persistent. The Department for Business Enterprise and Regulatory Reform ...

Chapter 16 • Small businesses 16.3 Organisation of small businesses Typically, the small businesses that we are considering here ...

Investment decisions Tax avoidance Perhaps where the distinction between small and large businesses is likely to be most profoun ...

Chapter 16 • Small businesses smaller ones. Similarly the smaller businesses tended to use the rather discredited non-discountin ...

Sources of finance for themselves so there may be some point in the business doing it for them, with the objective of reducing s ...