公司财务管理与财务知识分析(英文版).pptVIP

下载本文档

2
0
约6.63千字
约 35页
2022-10-05 发布于重庆
举报
版权申诉

公司财务管理与财务知识分析(英文版).ppt

1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
7、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

19 - * Copyright ? 2001 by Harcourt, Inc. All rights reserved. Multinational vs. domestic financial management Exchange rates and trading in foreign exchange International monetary system International money and capital markets CHAPTER 19Multinational Financial Management 第一页，共三十五页。 What is a multinational corporation? A corporation that operates in two or more countries. 第二页，共三十五页。 1. To seek new markets. 2. To seek raw materials. 3. To seek new technology. 4. To seek production efficiency. 5. To avoid political and regulatory hurdles. 6. To diversify. Why do firms expand into other countries? 第三页，共三十五页。 1. Different currency denominations. 2. Economic and legal ramifications. 3. Language differences. 4. Cultural differences. 5. Role of governments. 6. Political risk. What are the six major factors that distinguish multinational from domestic financial management? 第四页，共三十五页。 U.S. $ to buy 1 Unit Japanese yen 0.009 Australian dollar 0.650 Are these currency prices direct or indirect quotations? Since they are prices of foreign currencies expressed in dollars, they are direct quotations. Consider the following exchange rates: 第五页，共三十五页。 The number of units of foreign currency needed to purchase one U. S. dollar, or the reciprocal of a direct quotation. What is an indirect quotation? 第六页，共三十五页。 Calculate the indirect quotations for yen and Australian dollars. # of Units of Foreign Currency per U.S. $ Japanese yen 111.11 Australian dollar 1.5385 Yen: 1/0.009 = 111.11. A. Dollar: 1/0.650 = 1.5385. 第七页，共三十五页。 The exchange rate between any two currencies. Cross rates are actually calculated on the basis of various currencies relative to the U. S. dollar. What is a cross rate? 第八页，共三十五页。 Cross rate = x = 111.11 x 0.650 = 72.22 yen/A. dollar. Cross rate = x = 1.5385 x 0.009 = 0.0138 A. dollars/yen. Calculate the tw