TAILIEUCHUNG - Lecture Multinational financial management: Lecture 1 - Dr. Umara Noreen

Lecture 1 - Multinational financial management: an overview. After completing this chapter, students will be able to: To identify the main goal of the multinational corporation (MNC) and potential conflicts with that goal; to describe the key theories that justify international business; and to explain the common methods used to conduct international business. | Multinational Financial Management: An Overview 1 Lecture Chapter Objectives To identify the main goal of the multinational corporation (MNC) and potential conflicts with that goal; To describe the key theories that justify international business; and To explain the common methods used to conduct international business. Goal of the MNC The commonly accepted goal of an MNC is to maximize shareholder wealth. We will focus on MNCs that wholly own their foreign subsidiaries. Financial managers throughout the MNC have a single goal of maximizing the value of the entire MNC. Conflicts with the MNC Goal When a corporation’s shareholders differ from its managers, a conflict of goals can exist—the agency problem. Agency costs are normally larger for MNCs than for purely domestic firms, due to: the difficulty in monitoring distant managers, the different cultures of foreign managers, the sheer size of the larger MNCs, and the tendency to downplay short-term effects. Conflicts with the MNC .

• Tài chính doanh nghiệp
• Multinational financial management
• Financial management
• Lecture Multinational financial management
• Management control
• Corporate control
• Multinational capital budgeting
• Capital structure
• Multinational cost of capital
• Multinational cost
• Capital budgeting analysis
• International project
• Costs of capital
• Country risk analysis
• Multinational corporation
• Capital budgeting
• International financial reporting standards
• Foreign exchange risk management
• International cash management
• Cash flow analysis
• Centralized cash management
• Lesson International financial management
• International financial management
• Globalization Multinational Firm
• The Multinational Firm
• Multinational Corporations
• Foreign Exchange Risk
• Quản lý tài chính
• Quản lý tài chính đa quốc gia
• Multinational finance
• Finance careers
• Optimizing cash flows
• Investing excess cash
• MNCs Financial Management
• Goals of MNC
• The rise of the MNCs
• Internationalization of Business
• Multinational Financial Management Theory
• Cash flows
• Multiple choice
• International equity markets
• Measures of liquidity
• Market structure