国际金融管理概述.ppt

国际金融管理International Financial Management;*;*;*;*; ;The course focuses on the following three areas:;四、主要教学环节Main teaching process ;*;教材英文网站;教学安排Time Schedule;第二篇 实务部分 第五章 国际企业融资管理 6课时 MNC ‘s Financing Management 第六章 国际贸易融资管理 3课时 International Trade Financing Management 第七章 国际企业现金管理 3课时 MNC Cash Management 第八章 国际企业直接投资管理 9课时 MNC Direct Investment Management 第九章 国际税收管理 3课时 International Tax Management 第十章 国家风险管理 3课时 Country Risk Management ;第一章 国际金融管理概述Introduction;Chapter Objectives;*;What’s Special about “International” Finance? ;Market Imperfections:A Rationale for the MNE;*;The value of multinationality;Exposure to International Risk;;*;*;*;*;*;*;*;若干跨国公司“跨国度”指标（ Transnationlity Index, 2004）这是根据一家企业的国外资产比重，对外销售比重和国外雇员比重这几个参数所计算的算术平均值。TNI=（国外资产/总资产+国外销售/总销售+国外雇员/雇员总数）/3;2014中国跨国公司100大 ;*;*;*;*;*;*;*;长期与短期价值最大化 Long-term short-term value maximization ;2. Stakeholder Capitalism Model;shareholders are viewed as merely one among many “stakeholders” of the firm including: Employees Suppliers Customers In Japan, managers have typically sought to maximize the value of the keiretsu（企业集团） —a family of firms to which the individual firms belongs.;3. Operational Goals for MNEs;4. Corporate Governance;*;The most widely accepted statement of good corporate governance practices are established by the OECD(Organisation for Economic Co-operation and Development) 简称经合组织: The corporate governance framework should protect shareholders rights. The corporate governance framework should ensure the equitable treatment of all shareholders. Stakeholders should be involved in corporate governance. Disclosure and transparency is critical. The board of directors should be monitored and held accountable for what guidance it gives. ;公司治理失灵Failure