TAILIEUCHUNG - Lecture International financial management: Chapter 1 - Globalization and the Multinational Firm

What’s Special about “International” Finance, Goals for International Financial Management, Globalization of the World Economy, Multinational Corporations, Grganization of the Text As the main contents of the lecture chapter 1 "Globalization and the Multinational Firm" International financial management. Invite you to refer to capture details. | INTERNATIONAL FINANCIAL MANAGEMENT Fourth Edition EUN RESNICK Copyright 2007 by The McGraw-Hill Companies Inc. All rights reserved. Globalization the 1 Multinational Firm Chapter One Chapter Objectives Understand why it is important to study international finance. Distinguish international finance from domestic finance. 1-1 Copyright 2007 by The McGraw-Hill Companies Inc. All rights reserved. Chapter One Outlir What s Special about International Finance Goals for International Financial Management Globalization of the World Economy Multinational Corporations Organization of the Text Summary 1-2 Copyright 2007 by The McGraw-Hill Companies Inc. All rights reserved. 1 What s Special about International Finance Foreign Exchange Risk Political Risk Market Imperfections Expanded Opportunity Set 1-3 Copyright 2007 by The McGraw-Hill Companies Inc. AH rights reserved. What s Special about International Finance Foreign Exchange Risk The risk that foreign currency profits may evaporate in dollar terms due to unanticipated unfavorable exchange rate movements. I Suppose 1 100 and you buy 10 shares of Toyota at 10 000 per share. I One year later the investment is worth ten percent more in yen 110 000 I But if the yen has depreciated to 1 120 your investment has actually lost money in dollar terms. 1-4 Copyright 2007 by The McGraw-Hill Companies Inc. AH rights reserved. What s Special about International Finance Political Risk Sovereign governments have the right to regulate the movement of goods capital and people across their borders. These laws sometimes change in unexpected ways. 1-5 Copyright 2007 by The McGraw-Hill Companies Inc. AH rights reserved. 2 What s Special about International Finance Market Imperfections Legal restrictions on movement of goods people and money Transactions costs Shipping costs Tax arbitrage 1-6 Copyright 2007 by The McGraw-Hill Companies Inc. AH rights reserved. The Example of Nestle s Markel Imperfection . Nestlé used to issue two different .

• Tài chính doanh nghiệp
• Lesson International financial management
• International financial management
• Globalization Multinational Firm
• The Multinational Firm
• Multinational Corporations
• Foreign Exchange Risk
• Management of translation exposure
• Translation Exposures
• Alternative currency translation methods
• Translation exposure
• The Balance of Payments
• Balance of Payments Accounting
• Balance of Payments Accounts
• Balance of Payments Identity
• Foreign currency futures market
• Futures Currency
• Currency Swaps
• Swap bank
• Swap transaction
• Currency swap
• Transaction Exposure
• Operation exposure
• International accounting
• Lecture International accounting
• Foreign currency transactions
• Hedging foreign exchange risk
• Foreign exchange markets
• International Finance
• Lecture International finance
• Tài chính quốc tế
• Bài giảng Tài chính quốc tế
• Measuring risk
• The derivatives world
• Lecture Derivatives
• Foreign exchange futures
• Forward rates
• Foreign currency futures
• Foreign exchange risk management
• Forward hedging
• Time series models
• Forecasting and other model applications
• Time varying risk premium
• Open economy macroeconomics
• International policy coordination
• Information and market efficiency
• Advanced accounting
• Lecture Advanced accounting
• Kế toán nâng cao
• Exchange rates
• International business
• Foreign customer
• Foreign direct investment
• Local governments
• Foreign Portfolio Investment
• Consumer Price Index
• Index of Industrial production
• Foreign Exchange Reserve
• Adoption of risk
• Forward exchange
• The balance of payments
• Purchasing power parity
• Managing foreign exchange risk
• International money
• Financial management
• Direct foreign investment
• International lending
• Corporate finance and investment
• Corporate finance
• Exchange rate risk
• Government borrowing
• Financial markets
• Debt Management
• Foreign Exchange
• Risk Management
• Financial Returns
• Equity Structure
• Financial institutions management
• Sovereign risk
• Liquidity management
• Capital adequacy
• Product diversification
• Geographic expansion
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• Risk measurement
• Stock market
• Foreign exchange market
• Vietnam stock index
• Multinational financial management
• Lecture Multinational financial management
• International financial reporting standards
• International portfolio investment
• The monetary approach
• Benefits of hedging