Multinational Corporate Treasury Management

Derek F. Channon and Michael Jalland
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Derek F. Channon: Manchester Business School
Michael Jalland: Manchester Business School

Chapter 5 in Multinational Strategic Planning, 1978, pp 120-149 from Palgrave Macmillan

Abstract: Abstract The task of financial management in the multinational corporation is of particular importance. Today it has become a key determinant for the corporate profitability of the MNC to have its financial resources in the right form in the right place at the right time. The task of ensuring that this is achieved is that of corporate treasury management. It is a relatively thankless task for if it is not done then management is accused of ireffectiveness, and bad planning. On the other hand success leads to accusations of being a corporate speculator. Nevertheless, since the introduction of floating exchange rates, short-term money management has become so important that in a number of cases earnings from good treasury management have accounted for up to 50 per cent of corporate profits.1

Keywords: Cash Flow; Foreign Exchange; Capital Structure; Central Office; Operating Division (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02855-9_5

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DOI: 10.1007/978-1-349-02855-9_5

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