Author(s)

Shengxin Wu ¹

Affiliation(s)

¹ Cicet Asia Development Sdn Bhd, Puchong Jaya, Selangor, 47170, Malaysia

Corresponding Author

Shengxin Wu

ABSTRACT

This paper explores strategies for optimizing international financial management in multinational corporations, a critical aspect of global business operations in the context of increasing economic globalization and technological advancement. It begins by analyzing the current state and unique characteristics of international financial management, including managing multiple currencies, complying with diverse tax laws, and ensuring efficient capital flow across borders. The paper identifies significant challenges such as exchange rate fluctuations, cross-border tax complexities, political and economic instability, and cultural differences that multinational corporations must navigate. To address these issues, the paper proposes comprehensive optimization strategies including the use of hedging instruments, diversified currency allocation, global tax planning, risk assessment mechanisms, and cross-cultural management training. The effectiveness of these strategies is demonstrated through a case study of a successful multinational corporation that has achieved stable profitability by implementing these financial management practices. The paper concludes by discussing the importance of continued innovation in financial management practices, especially in leveraging digital technologies and big data analytics, to adapt to the dynamic global economic environment.

KEYWORDS

Multinational Corporations, International Financial Management, Exchange Rate Risk, Cross-Border Tax Planning, Risk Management, Cultural Differences, Hedging Instruments, Digital Transformation

CITE THIS PAPER

Shengxin Wu, Strategies for Optimizing International Financial Management in Multinational Corporations. Accounting and Corporate Management (2024) Vol. 6: 162-169. DOI: http://dx.doi.org/10.23977/acccm.2024.060320.

REFERENCES

[1] Xu Zimeng. Research on the Application of Financial Shared Service Centers in Multinational Corporations [J]. Old Brand Marketing, 2024, (13): 168-170.
[2] Li Yan. Financial Management and Control of Overseas Subsidiaries in Multinational Corporations [J]. Today’s Wealth, 2024, (20): 113-115.
[3] Hua Qiuling, Han Yaduo, Xu Lu. Technological Discourse Power and Financial Risk in Multinational Corporations [J]. Study & Exploration, 2024, (04): 89-97.
[4] Rong Rong, Zhan Pingyuan, Yang Tianfu, et al. Financial Management Practices of "Risk Prevention and Development Promotion" in Multinational Corporations [J]. China Forex, 2023, (22): 23-27. DOI:10.13539/j. cnki. 11-5475/f.2023.22.001.
[5] Ding Zhu. Research on the Application of International Accounting Standards in Financial Management of Multinational Corporations [J]. Financial Forum, 2023, (10): 117-119.
[6] Huang Jiehui. Research on the Challenges and Strategies of Financial Management in Multinational Corporations [J]. Finance & Accounting for Learning, 2023, (27): 31-33.
[7] Huang Hongzhi. Research on Financial Management Methods in Multinational Corporations [J]. China Industrial Economics, 2023, (11): 126-128. 
[8] Yu Shengwei. Research on the Impact of Fraud Auditing on Financial Risk in Multinational Corporations [J]. Continental Bridge Vision, 2023, (02): 74-75+79.
[9] Liu Chen. Discussion on Issues in the Construction of Financial Shared Service Centers in Multinational Corporations [D]. Jiangxi University of Finance and Economics, 2022. DOI:10.27175/d.cnki.gjxcu.2022.002009.
[10] Cao Ganggang. Risk Control and Management Strategies in Financial Management of Multinational Corporations [J]. Finance & Accounting for Learning, 2022, (28): 8-11.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics