国际金融管理InternationalFinancialManagementorMultinationalFinance前九周授课结构主要参考教材评价制度Chapter1AnIntroductiontoMultinationalFinance1.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。Amultinationalcorporation(MNC)isacompanyengagedinproducingandsellinggoodsorservicesinmorethanonecountry.TheownershipofsomeMNCsissodispersedinternationallythattheyareknownastransnationalcorporations.Thetransnationalsareusuallymanagedfromaglobalperspectiveratherthanfromtheperspectiveofanysinglecountry.2.MultinationalBusinessFinanceMultinationalfinancialmanagementisfinancialmanagementconductedinmorethanonecultural,social,economic,orpoliticalenvironmentWe’lldevelopaframeworkforevaluatingtheopportunities,costsandrisksofoperatingintheworld’smarketsforgoods,services,andfinancialassetsandliabilities（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）purelydomesticfirmsalsooftenhavesignificantinternationalactivities:Import&exportofproducts,componentsandservicesLicensingofforeignfirmstoconducttheirforeignbusinessExposuretoforeigncompetitioninthedomesticmarketIndirectexposuretointernationalrisksthroughrelationshipswithcustomersandsuppliersMultinationalBusinessFinanceA.FinancialManagementoftheMultinationalCorporationB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsB.TheOpportunitiesofMultinationalOperationsThevalueofmultinationalityC.TheChallengesofmultinationalOperationsAccounting,Taxation（会计、税收差异）Financialmarkets（金融市场差异）（如，在许多伊斯兰国家，银行业务是按照伊斯兰圣经的教诲进行的，存款者不能获得固定的利息，但可分享银行的损益。）Corporategovernance（公司治理差异）C.TheChallengesofmultinationalOperationsRiskversusriskexposureD.StrategicEntryintoInternationalMarketsForeignmarketentryExportthroughagentsordistributorsExportthroughagentsordistributorsForeignsalesbranches/subsidia