第四部分国际企业资本成本与资本结构2课程.pptVIP

第四章 国际企业资本成本与资本结构 Multinational Cost of Capital Capital Structure 第一节、资本成本的内涵 Cost of Capital 第二节、个别资本成本的估算 Calculation of Individual Cost of Capital 第三节、加权资本成本 WACC 第四节、国际企业资本结构 Capital Structure for MNC 外汇风险的类型 Types of Foreign Exchange Exposure  Economic Exposure 经济风险 Exchange rate risk as applied to the firm’s competitive position. Transaction Exposure交易风险 Exchange rate risk as applied to the firm’s home currency cash flows. Translation Exposure折算风险 Exchange rate risk as applied to the firm’s consolidated financial statements. 交易风险管理方法Techniques to Eliminate Transaction