国际金融学长的lecture economic exposure42.pptxVIP

C H A P T E R 12;Overview;Objectives;Economic Exposure;A. Economic Exposure;Economic Exposure;Managing Economic Exposure;Economic Exposure;Economic Exposure;Economic Exposure;How to Measure Economic Exposure;Asset exposure;How to Measure Economic Exposure;How to Measure Economic Exposure;How to Measure Economic Exposure;Example;Example (continued);Example (continued);Example (continued);Example (continued);Operating Exposure: Definition;An Illustration of Operating Exposure;An Illustration of Operating Exposure;Determinants of Operating Exposure;Managing Operating Exposure;Selecting Low Cost Production Sites;Flexible Sourcing Policy;Diversification of the Market;RD and Product Differentiation;Financial Hedging;Financial Hedging Example: Case 1;Case 1: Computation of Beta;Financial Hedging Example: Case 1;Financial Hedging Example: Case 2;Financial Hedging Example: Case 2;Financial Hedging Example: Case 3;Financial Hedging Example: Case 3;Currency Mix of Capital Structure;Case Study in Hedging Economic Exposure;A Case Study in Hedging Economic Exposure;A Case Study in Hedging Economic Exposure;Hedging Exposure to Fixed Assets