NOTES PERTAINING TO PUBLICATION, DISTRIBUTION, ETC.
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INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
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Includes bibliographical references (p. 282-305) and index.
CONTENTS NOTE
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Machine generated contents note: 1 Introduction and Overview 1 -- What is foreign direct investment? 1 -- Types of FDI 4 -- What are multinational corporations? 6 -- Approaches to international business 11 -- History of FDI 16 -- Recent trends 18 -- 2 Theories of Foreign Direct Investment 23 -- Theories assuming perfect markets 24 -- Theories assuming imperfect markets 29 -- Other theories of foreign direct investment 42 -- Theories based on other factors 50 -- Theories of entry modes 58 -- A final remark 62 -- 3 The Effects of Foreign Direct Investment 68 -- The provision of capital 71 -- The effect of FDI on output and growth 73 -- The effect of FDI on employment and wages 77 -- The balance of payments effect 82 -- The effect of FDI on trade flows 84 -- The effect of FDI on productivity 86 -- FDI and technology 86 -- FDI and training 90 -- FDI and inter-industry linkages 91 -- The effect of FDI on market structure 92 -- FDI and the environment 93 -- Modelling the effects of FDI 95 -- A final remark 98 -- 4 International Capital Budgeting 102 -- Which perspective? 104 -- The net present value 106 -- The adjusted present value (APV) 116 -- Further extensions of the APV formula 119 -- Adjusting project assessment for risk 120 -- Other project evaluation criteria 124 -- Capital budgeting for international acquisitions -- and divestitures 128 -- Where to go from here? 130 -- 5 Country Risk and Political Risk 131 -- Country risk, sovereign risk and political risk 131 -- Country risk assessment 134 -- Quantifying country risk 138 -- An example of macro-assessment: -- the Euromoney methodology 142 -- The use of country risk analysis 145 -- Political risk: the definition once more 148 -- Political risk indicators 152 -- The effects and management of political risk 155 -- A final remark 160 -- 6 International Taxation 161 -- The philosophy of national tax systems 162 -- Types of taxes 165 -- The avoidance of double taxation 166 -- Tax havens 168 -- Tax planning in the international environment 173 -- Tax incentives and competition 179 -- Globalization, the Internet and taxation 182 -- A final remark 187 -- 7 The International Cost of Capital and Capital Structure 188 -- The cost of capital and investment decisions 190 -- The weighted average cost of capital 191 -- Implications of using the cost of capital as a discount rate 193 -- The cost of capital of MNCs 195 -- Domestic currency versus foreign currency financing 199 -- CAPM and the cost of capital 206 -- The cost of capital across countries 210 -- Choosing the capital structure 215 -- More about the choice of capital structure 217 -- A final remark 220 -- 8 Transfer Pricing 221 -- The definition and determinants of transfer pricing 221 -- The techniques of setting transfer prices 229 -- A formal exposition of the effects of transfer pricing 233 -- Regulation and the manipulation of transfer prices 238 -- A final remark 241 -- 9 Control and Performance Evaluation in MNCs 243 -- Organizational aspects of MNC behaviour 243 -- Definition of control in MNCs 244 -- Centralized versus decentralized cash management 247 -- Empirical studies of the control function 249 -- Performance evaluation in MNCs 250 -- Evaluation of domestic and foreign operations 252 -- Measures of performance 258 -- Budgeting for global operations 262 -- A final remark 264 -- 10 Summary and Conclusions 265 -- Recapitulation 265 -- What motivates FDI? 267 -- FDI and MNCs: the arguments for and against 270 -- The verdict 273.