PART I The International Financial environment ■ The Importance of International Financial Management 1.The MNC has become increasingly important as a facilitator of international trade and plays an important role in the direct foreign investment
PART I The International Financial Environment The Importance of International Financial Management 1. The MNC has become increasingly important as a facilitator of international trade and plays an important role in the direct foreign investment
The Importance of International Financial Management 生产和资本国际化导致跨国公司的对外直 接投资 科学技术和生产力水平的空前发展 国际经济格局发生新变化 制卧价贸易大孝
The Importance of International Financial Management 生产和资本国际化导致跨国公司的对外直 接投资 科学技术和生产力水平的空前发展 国际经济格局发生新变化
跨国公司投资地区的多元化可减少投资风险 Daily Prices of Nestle's Bearer and Registered Shares 12001 Nestle voting bearer stock price 10001 8001 M 国 6001 SSIMS 4001 Nestle registered stock price November 18,1988 2001 Jan5,1987 Jan4,1988 Dec.29,1988 Jan4,1990 Dec.28,1990 Source:Reprinted from Journal of Financial Economics,Volume 37.Issue 3.Claudio Loderer and Andreas Jacobs,"The Nestle Crash,' pp.315-339.1995,with kind permission from Elsevier Science S.A.,P.O.Box 564,1001 Lausanne,Switzerland. 制计价贸易上考
跨国公司投资地区的多元化可减少投资风险
2.The advent of floating exchange rates in1973,and subsequent volatility of exchange rates,has added considerable uncertainly to the environment in which business firms. 制计爱价贸易上考
2.The advent of floating exchange rates in1973, and subsequent volatility of exchange rates, has added considerable uncertainly to the environment in which business firms
■例1：日本小汽车厂商需要每辆车收到120万 日元以弥补成本和所要求的平均利润，那么 在海外销售应该怎样定价？ a.以70年代后期的汇率水平￥200/$ 口日本厂商在美国销售一辆小汽车将获得 ▣ ￥1,200,000/$200/￥=$6,000
例1：日本小汽车厂商需要每辆车收到120万 日元以弥补成本和所要求的平均利润，那么 在海外销售应该怎样定价？ a.以70年代后期的汇率水平 ¥200/$ 日本厂商在美国销售一辆小汽车将获得 ¥1,200,000/$200/¥ =$6,000