1

LITERATURE INTERNATIONAL FINANCIAL MANAGEMENT

Below follow several lists of references, in English, Dutch and German, on

international financial management. The lists are meant for study and research

purposes. The lists focus on recent issues and are by definition incomplete (e.g.

statistics are left out). It is therefore strongly advised to take a look in the newest

books, the most cited journals, the professional journals (e.g. The Economist and

EuroBusiness) and in the business newspapers (e.g. The Financial Times and

The Wallstreet Journal) once a while.

The books that follow in the first list are of a general nature. Most of them deal

with the internationalisation analysis (IA), whereas others treat the

internationalisation process (IP). Books on adjacent topics such as strategy

formation, organization analysis, information systems and financial management

per se are left out. The book levels vary from professional (P), via semi-scientific

(SSC), to mainstream scientific (MSS) or even to high-brow scientific (HBS).

Conceptually, an internationalisation sequence runs as follows. After the

interationalisation process is laid out, the strategic analysis for a specific decision

is made. Legislation, accounting and other intstitutional issues are envisaged,

before an actual financial selection is done. Financing, control and other post-

decision issues close the analytical sequence. The journal references below are

therefore, somewhat arbitrarily, split up into five groups. The journals referred to

below can also be divided into levels of sophistication. Four tentative lists follow

(not all journals are referenced below).

Professional journals referred to include: Controllers Magazine, European

Business Forum, Finance & Control, TMA Journal, Treasury Management

International, Tijdschrift voor Accountants en Controllers (later: Tijdschrift voor

Acounting and Controlling, TAC) and Tijdschrift Controlling.

2

Semi-scientific journals include: Economisch Statistische Berichten, European

Management Journal, European Journal of Marketing, Harvard Business Review,

Holland Management Review, Onderneming & Financiering (formerly: Dossier),

The McKinsey Quarterly, Tijdschrift voor Bedrijfsadministratie, Tijdschrift voor

Corporate Finance, Tijdschrift Financieel Management, Die Unternehmung and

Zeitschrift Führung und Organisation. All book articles listed are semi-scientific.

Mainstream scientific journals are: Accounting and Business Research, British

Journal of Management, European Financial Management, The Engineering

Economist, European Finance Review, European Management Review,

Investment Management and Financial Innovations, (Scandinavian) International

Business Review, Journal of Accounting Literature, Journal of Applied Finance,

Journal of Applied Corporate Finance, Journal of Corporate Finance, Long Range

Planning, Maandblad voor Accountancy en Bedrijfseconomie, Sloan

Management Review, Strategic Management Journal, Tijdschrift Bedrijfskunde

and Zeitschrift für betriebswirtschaftliche Forschung.

Reflecting international financial manager’s jobs, the article references can be

split in six largely distinct groups. Institutional issues, including legislation and

accounting, stand out first. Specific European institutional topics receive special

attention. The internationalisation of the firm is alos dealt with. Corporate

valuation and capital budgeting items are referenced too. Remaining topics

refer to e.g. corporate financing, management control and organisation forms.

Note from the author

The above lists of references were completed in Spring 2005. They were first

prepared for the students of the faculties of business management and

economics of the University of Groningen, but do reflect my personal view on

the field too. Many references to management control topics are not included

yet. I am sorry for all mistakes and I am open to suggestions. /W. Westerman

3

References Books

Aharoni, Y., The Foreign Investment Decision Process, Harvard Business

School, Boston, 1966. (IP, MSS)

Alexander, D.; A. Britton, A. Jorissen, International Financial Reporting,

Thomson, London, 2003. (IA, SSC)

Alexander, D.; C. Nobes, Financial Accounting: An International Introduction,

Financial Times /Prentice Hall, 2001. (IA, SSC)

Balling, M., Financial Management in the New Europe, Basil Blackwell, Oxford,

1993. (IA, SSC)

Barca, F.; M. Becht, The Control of Corporate Europe, Oxford University Press,

2001. (IA, MSS)

Buckley, A., Multinational Capital Budgeting, Prentice-Hall, London, 1996.

Buckley, P.J.; P.N. Ghauri (ed.), The Internationalization of the Firm,

International Thomson Business Press, London, second edition 1999.

Choi, F.D.S.; C.A. Frost; G.K. Meek, International Accounting, Prentice-Hall,

Englewood Cliffs NJ, fourth edition 2002. (IA, SSC)

DACT; DCE Research, Pan-European Payments: the views of Banks &

Corporate Treasurers, DCE Consultants, Schiphol Oost, 2004, 28 pp.

Eiteman, D.K.; A.I. Stonehill; M.H. Moffett, Multinational Business Finance,

Addison-Wesley, Reading Mass, tenth edition 2004. (IA, SSC)

Grotenhuis, F.D.J., Patterns of Acculturation in Technology Acquisitions

(proefschrift), Rijksuniversiteit Groningen, 2001. (IA, MSS)

Hallén, L., International Industrial Purchasing (Ph.D. study), University of

Uppsala, 1982. (IA, MSS)

Heijes, C., De toren van Babel (proefschrift), Universiteit Nijenrode, Breukelen,

2004. (IP, MSS)

Hymer, S., Ph. D. dissertation, Massachustets Institute of Technology, 1960;

reprinted as: The International Operations of National Firms: A Study of Direct

Foreign Investment, MIT Press, Cambridge Mass, 1976. (IA, MSS)

Jagersma, P.K.; H. Ebbers, Internationale bedrijfskunde, Pearson Prentice Hall,

4

Amsterdam, 2004. (IS, SSC)

Kamminga, P.E., Management control of joint ventures (Ph.D. Study),

Rijksuniversiteit Groningen, 2003. (IA, SSC)

Kaynak, E.; P.N. Ghauri (ed.), Euromarketing: Effective Strategies for Internatio-

nal Trade and Export, International Business Press, New York, 1994. (IA, MSS)

Louter, P.J., Internationale expansie: internationaal marketingbeleid voor kleine

en middelgrote ondernemingen, Stenfert Kroese, Leiden, 1993. (IP, MSS)

Mens, K.H.L. van; A.F.M.Q. Beukers-van Dooren; S. Feenstra, Belastingen in

Europees perspectief, Kluwer, tweede druk 1999. (IA, SSC)

Newbould, G.D.; P.J. Buckley; J.C. Thurwell, Going international: the experience

of smaller companies overseas, Associated Business Press, London, 1978. (IA,

MSS)

Nobes, C.; R. Parker, Comparative International Accounting, Financial

Times/Prentice Hall, sixth edition 2000. (IA, SSC)

Nones, B.P., Die Rollen ausländischer F&E-einheiten im internationalen

Unternehemen und deren Einsatz moderner IuK Technologien (Ph.D. study),

Johannes Kepler Universität, Linz, 2003. (IS, MSS)

Olie, R.L., European transnational mergers (Ph. D. study), Universiteit

Maastricht, 1996. (IS, MSS)

Oxelheim, L.; A. Stonehill, T. Randøy; K. Vikkula, K.B. Dullam; K.-M. Modén,

Corporate Strategies to Internationalise the Cost of Capital, Copenhangen

Business School Press, Copenhagen, 1998. (IA, MSS)

Radebaugh, L.H.; S.J. Gray, International Accounting and Multinational

Enterprises, John Wiley and Sons, New York, fifth edition 2002. (IA, SSC)

Roberts, C.; P. Weetman; P. Gordon, International Financial Accounting: A

Comparitive Approach, Financial Times/Prentice Hall, Harlow, second edition

2002. (IA, SSC)

Shapiro, A.C., Multinational Financial Management, Allyn and Bacon, Boston,

eigthth edition 2005. (IA, SSC)

Verdin, P.; N. Van Heck, Wereldberoemd in eigen land; een strategisch pers-

pectief op internationaal management, Lannoo/Scriptum, Tielt, 2002. (IA, SSC)

5

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