Professor Desai discusses a plethora of real-world issues facing finance heads of global corporations. His approach and the firm-centric emphasis move beyond the conventional theoretical discourse and facilitate imparting of pragmatic skills and insights to aid the modern day practitioner of international finance.
—Mohan Pai, CFO, Infosys Inc.
Financing, investing and risk management decisions for global corporations can't be made responsibly today without an in-depth understanding of global capital markets and the opportunities and pitfalls that they present. With responsibility for General Mills international businesses and as CFO, I found this casebook to provide a wonderful one-stop shop for understanding finance as it should be practiced at a world-class multinational.
—Jim Lawrence, Executive Vice President, Chief Financial Officer and International, General Mills, Inc.
Multinational firms are central today to understanding the determinants and consequences of cross-border capital and product flows. Mihir Desai, an important scholar of these firms and flows, provides us with this casebook where he goes inside these firms to see how they make critical investment and financial decisions. Practitioners and scholars alike can benefit greatly from his invaluable insights.
Mihir has hit it on the nose – These days, cross-border transactions or dealing with foreign operations is part of the ordinary course of business. Yet, most textbooks provide little help with these circumstances. In today's environment, this book must be part of any financial manager's toolbox!
—Alvaro Rodriguez Arregui, CFO, Vitro
The cases in this book were developed for Professor Desai's second-year elective, entitled "International Financial Management," that he has taught at HBS since 2004. In addition, Professor Desai co-teaches Public Economics at Harvard College, is the Faculty Chair of the executive program on Cross-Border Financial Decision Making and has participated in numerous executive education programs at HBS. He received the Student Association Award for teaching excellence from the HBS Class of 2001. Professor Desai received h is Ph.D. in political economy from Harvard University; his MBA as a Baker Scholar from HBS; and a bachelors degree in history and economics from Brown University. in 1994, he was Fulbright Scholar to India. His Professional experiences include working at CS First Boston and advising a number of firms and governmental organizations.