国际财务管理(英文)__ch01方案.ppt

* Agency Problems of Chinese MNCs CITIC Pacific China Aviation Oil (Singapore) * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Chairman Mao “The world is yours, as well as ours, but in the last analysis, it is yours. You young people, full of vigor and vitality, are in the bloom of life, like the sun at eight or nine in the morning. Our hope is placed on you. The world belongs to you. China’s future belongs to you”.Chairman Mao . * International Financial Management guofei99@ Office: Room 526 (South Wing), Wenquan Bld; Consultation by appointment. International Corporate Finance (2010,international edition,10th ed) Assessment 20% for attendance and assignments 5% for class attendance (random check) 5% for individual assignment (due in Week 5) 5% for presentation (group work, Week 9-10) 5% for group assignment (Week 13) 80% (final-exam):details given later * Group Work 4 (or 5) members form a group Zero tolerance for free-rider Two group works: different members group presentation: PPP Group assignment: exchange rate exposure management (二选一 广船国际600685/中兴通讯000063) * * /lcg/mantan.htm (derivatives-based risk control) (薛兆丰)；张五常 (for key words and concepts) (listening) (bilingual for W/R) /story/001036983 吴思的BLOG International Financial Management Two must-read Books Nassim Nicholas Taleb (官二代：N) 黑天鹅：如何面对不可预知的未来： The Black Swan:The Impact of the Highly Improbable 黑天鹅的世界：我们如何被随机性愚弄 Fooled by Randomness:The Hidden Role of Chance in Life and in the Markets * * International Financial Management Foreign reserves (2010):2.847 trillion (why does PBC keep buying USD?) 2010 Global 500:42 firms (mainland China) US:139; Japan:71; France:39;Germany:37 Huawei Technologies(397) Jiangsu Shagang Group (415) * International Financial Management Foreign reserves (2009):2.4 trillion (why Chinese firm/central government accept/keep USD?) 2009 Global 500:34 firms (mainland China) US:140; Japan:68; France:40;Germany:39 Jiangsu Shagang Group (444) *