After going through this chapter, you should be able to:
Understand how financial management influences the global success of a TNC
Highlight the different sources of trade finance
Enumerate the sources of funds for a global business firm
Understand the different sources of foreign exchange risk
Distinguish between foreign exchange risk and foreign exchange exposure
Enumerate the different ways in which firms manage foreign exchange risk
Power equipment company Jyoti Structures Limited entered the US market to make lattice steel towers in December 2010. To fund its move, it announced an INR 1.23 billion rights issue of 10.2 million non-convertible debentures ...