国际金融管理导论课件.ppt

国际金融管理 International Financial Management or Multinational Finance 主讲人 国际经济贸易学院金融系 蒋先玲、于瑾 前九周授课结构 I Overview and Background（导论） II The International Financial Environment（国际融资环境） III Derivative Securities for Hedging Currency Risk（对汇率风险套期保值的衍生工具） IV Managing the Risks of Multinational Operations（管理跨国经营风险） V Valuation of Multinational Operations（跨国经营的估值） 主要参考教材 （美） 《国际金融》（Multinational Finance）第三版，Kirt C. Butler著，张成思译注，东北财经大学出版社，2008年； 中文版：跨国财务，赵银德等译，机械工业出版社2005年 评价制度 1.平时成绩:10% 2.期中成绩:20% 3.期末：闭卷考试:70% Chapter 1An Introduction to Multinational Finance 结构 A. Financial Management of the Multinational Corporation B. The Opportunities of Multinational Operations C. The Challenges of multinational Operations D. Strategic Entry into International Markets E. The Goals of the Multinational Management A. Financial Management of the Multinational Corporation 1.国际金融管理的研究对象 国际金融管理是研究在国际经济条件下，国际企业从事跨国性生产经营活动所面临的特殊领域的财务管理问题，即一切国际企业在组织财务活动，处理财务关系时所遇到的特殊问题。 从国际企业的角度研究企业对国际金融策略的运用。 是将所学的国际金融知识运用于国际企业的财务管理之中。 A multinational corporation (MNC) is a company engaged in producing and selling goods or services in more than one country. The ownership of some MNCs is so dispersed internationally that they are known as transnational corporations. The transnationals are usually managed from a global perspective rather than from the perspective of any single country. 2. Multinational Business Finance Multinational financial management is financial management conducted in more than one cultural, social, economic, or political environment We’ll develop a framework for evaluating the opportunities, costs and risks of operating in the world’s markets for goods, services, and financial assets and liabilities（国际金融管理就是要评估在世界市场经营的机遇、成本和风险等） purely domestic firms also often have significant international activities: Import export of products, components and services Licensing of foreign firms to conduct their foreign business Exp