中国经济管理大学《跨国公司财务管理》学员用书 电子教辅.pdf

中国经济管理大学  中国经济管理大学  职业经理实训班  学员授课用书 电子辅导资料  《跨国公司财务管理》 中国经济管理大学  中国经济管理大学  职业经理实训班  学员授课用书 电子辅导资料  《跨国公司财务管理》 跨国公司财务管理 艾伦.C.夏皮罗(Alan C. Shapiro) 著 赵锡军 编审 顾苏秦 译校 PART I ENVIRONMENT OF INTERNATIONAL FINANCIAL MANAGEMENT CHAPTER 1 INTRODUCTION: MULTINATIONAL ENTERPRISE AND MULTINATIONAL FINANCIAL MANAGEMENT Learning Objectives ●To understand the nature and benefits of globalization ●To explain why multinational corporations are the key players in international economic competition today ●To classify the three historical types of multinational corporation (MNC) and explain their motivations for international expansion ●To explain why managers of MNCs need to exploit rapidly changing global economic conditions and why political policy makers must also be concerned with the same changing conditions Learning Objectives ●To identify the advantages of being multinational, including the benefits of international diversification ●To describe the general importance of financial economics to multinational financial management and the particular importance of the concepts of arbitrage, market efficiency, capital asset pricing, and total risk ●To characterize the global financial marketplace and explain why MNC managers must be alert to capital market imperfections and asymmetries in tax regulations 1.1 THE RISE OF THE MULTINATIONAL CORPORATION  A multinational corporation (MNC) is a company engaged in producing and selling goods or services in more than one country.  A brief taxonomy of the MNC and its evolution  Raw-Materials Seekers. Raw-materials seekers