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爱国演讲稿 ppt
目录
第一篇: ppt 演讲稿
第二篇: ppt 演讲稿的格式
第三篇: ppt 演讲稿
第四篇: ppt 演讲稿
第五篇: ppt 演讲稿
正文
第一篇: ppt 演讲稿
hello, everybody,todayi will introducethecontentofthesection 2 .
ppt2
thesection 2reviewsthemaintheoreticalapproachestothechoice betweengreenfieldentryandacquisition ,or the choice between to make
an acquisition and to make a greenfieldinvestment. and thenidentifies the principalvariables.
ppt3
at first, i have a question :if a pany wants to enter the foreign market,
what should have done first of al(推荐打开: )l?
a firm whichexpands into foreign markets must choose betweenkeepingor sharing control ofits subsidiaries.it must also decide whetherto acquire an existing local firm orto build a new plant.
ppt4
第1页共20页
simply, a firm whichexpands into foreign markets should be think about keeping (that is to say making an acquisition) or sharing(that is to say making a greenfieldinvestment).ppt5
in order to explain this question, thesection 2 divided into the following four parts
first,transaction cost theory second,thetheoryof mergers andacquisitions third,theoryofthegrowthofthefirm fourth,capital marketimperfections. ppt6
at first, i ’ ll introducethe first theory.
transaction cost theory, whichexplains whyfirmsinvest in
foreigncountries, can be extendedto showhowthe type of
advantagesexploited by the investor affects the modeofentry; ppt7
then the second theory.
thetheoryof mergers andacquisitions, althoughit has been mostlyinterested in explaining whyacquisitionstake place, has also explored why acquisitions are preferredto mergers;
ppt8
the third theory is aboutthegrowthofthefirm, which has discussed the choice betweengrowth by acquisition and growthbyinternalexpansion;
ppt9
第2页共20页
lastly, capital market imperfections, has discussed howcapital market imperfections may affect the relative cost of these two modes of entry.
in perfect capital market case, assuming plete markets, perfect rationality of agents and under full information, the equilibrium occurs where the interest
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