Multinational_Financial_Management（跨国公司财务管理）ch16_Foreign_Direct_Investment_and_Corporate_Strategy教材教学课件.pptVIP

CHAPTER 16 Foreign Direct Investment and Corporate Strategy THE THEORY OF THE MULTINATIONAL CORPORATION I. THE THEORY OF THE MULTINATIONAL CORPORATION A. The MNC as an Oligopolist: Why FDI? 1. When is FDI justified? 2. Internalization 3. Market Integration a. Vertical b. Horizontal THE THEORY OF THE MULTINATIONAL CORPORATION B. Financial Market Imperfections 1. Hypothesis 2. Diversification Effect of the MNC THE STRATEGY OF THE MNC II. THE STRATEGY OF THE MNC A. Three strategies: 1. The Innovation-based MNC THE STRATEGY OF THE MNC Strategies (con’t) 2