LibGuides: FIN-6350: Module 3 Resources

Module 3 Required Resources

Eiteman, D. K., Stonehill, A. I., and Moffett, M. H. (2022). Multinational Business Finance (16th ed.). Pearson.

Read the following:

- Ch. 4: Financial Goals, Corporate Governance, and the Market for Corporate Control

How and why those businesses operate, one must first understand the many different ownership structures.

Access your Redshelf book from the Getting Started module of your course or the Bookshelf link at the top navigation bar of the course.

Dollarization, inflation and foreign exchange markets: A cross‐country analysis
Park, H., & Son, J. C. (2022). Dollarization, inflation and foreign exchange markets: A cross‐country analysis. International Journal of Finance and Economics, 27(3), 2724–2736. https://doi.org/10.1002/ijfe.2295.
This article investigates determinants of deepening dollarization and the relationship between exchange rate and inflation across foreign exchange regimes and degrees of dollarization.
Repatriation Taxes, Internal Agency Conflicts, and Subsidiary-Level Investment Efficiency
Amberger, H. J., Markle, K. S., & Samuel, D. M. P. (2021). Repatriation Taxes, Internal Agency Conflicts, and Subsidiary-Level Investment Efficiency. The Accounting Review, 96(4), 1–25. https://doi.org/10.2308/TAR-2019-0259.
This article consistent with internal agency conflicts between the central management of the MNC and the manager of the foreign subsidiary being the driver, shows that this effect is concentrated in subsidiaries with high information asymmetry and in subsidiaries that are weakly monitored.