Multinational corporations operate in multiple countries from "summary" of International Financial Management, Abridged Edition by Jeff Madura
Multinational corporations play a crucial role in the global economy as they operate in multiple countries simultaneously. These corporations have expanded their operations beyond their home country borders to take advantage of growth opportunities, access to resources, and cost efficiencies in different parts of the world. By doing so, they diversify their revenue sources and reduce their overall risk exposure. Operating in multiple countries presents a unique set of challenges for multinational corporations. They must navigate various legal, regulatory, and cultural differences in each country they operate in. These differences can impact their business operations, taxation, and financial reporting requirements. Furthermore, multinational corporations must manage foreign exchange risk a...
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