FINANCIAL MANAGEMENT

FINANCIAL MANAGEMENT A Global Perspective. Since the publication of the seventh edition of the book, global economic scenario along with Indian financial landscape underwent metamorphic changes leading to deepened competition and financial restructuring, increased economic interdependencies, integration of global financial markets at unprecedented pace, and greater interaction among different financial markets, giving rise to increasing volatility and uncertainty in exchange rates. While fast changing global environment has offered incredible opportunities to corporate organizations to expand and diversify their operations across the globe, these organizations are facing perilous problems in capitalizing opportunities because of complex and ferociously challenging business mileieu, increased susceptibility to economic crisis and changed complexion of competition. To cope with these challenges, squeeze the emerging opportunities and to ensure sustained competitive edge, the corporate management has to employ new concepts, paradigms, principles, tools and practices both in domestic and international financial operations. A finance manager to be successful in the changed environment must have comprehensive understanding of various modern analytical tools and mechanics of financial management on the one hand and emerging concepts, principles, techniques and practices of international financial management, on the other.