河南农业大学国际财务管理重点.docx
《河南农业大学国际财务管理重点.docx》由会员分享,可在线阅读,更多相关《河南农业大学国际财务管理重点.docx(20页珍藏版)》请在文库网上搜索。
1、国际财务管理重点第一章1.MN c的两个目的to maximize shareholder wealth股东财富最大化to satisfying their respective governments,creditors,or employees.满足利益相关者的预期2.什么是代理理论This conflict of goals between a firms managers and shareholders is often refferred to as the agenvy priblem .3.代理理论产生的原因monitoring managers of distant subs
2、idiaries in foreign countries is more difficult.foreign subsidiary managers raised in different cultures may not follow uniform goalsthe sheer size of the larger MNcs can also creat large agence problemssome nonU.S. managers tend to downplay the short-term effects of decisions4.代理理论解决措施It should cle
3、arly communicate the goals for each subsidiary to ensure that all subsidiaries focus on maximizing the value of the MNC rather than their respective subsidiary values.The parent can oversee the subsidiary decisions to check whether the subsidiary managers are satisfying the MNCs goals.The parent can
4、 also implement compensation plans that reward the subsidiary managers who satisfy the MNCS goals .5.集权式跨国财务管理 cenrtalized Multinational Financial Management 分权式跨国财务管理 Decentralized Multinational Finacial Management 6.三个理论 (填空)比较优势理论 Theory of Comparative Advantage定义要了解 When a country specializes in
5、 some products,it may not produce other priducts,so trade between countries is essential.当某个国家专业化地生产某些产品时就有可能会引起该国其他产品的生产短缺,这样国际贸易就十分必要了。 不完全市场理论 mperfect Markets Theory 定义:the real world suffers from imperfect market conditions ,there are costs and.often restrictions related to the transferring of
6、labor and other resources used for production.产品周期理论 Product Cycle Theory 定义:a firm.is likely to establish itself first in its home country.7.估值模型公式(了解不考具体形式)8.企业从事国际贸易最常用的方法The most common methods by which firms conduct internationnal businessinternational trade 国际贸易licensing 许可经营franchising 特许经营jo
7、int ventures 合资企业acquisitions of foreign firms 收购formation of foreign subsidiaries 外国子公司的形式第二章:zhanrnational Flow Of Funds国际资本流动1.国际收支平衡表 包含哪些大项 每个大项下又分三小 填空1)Current Account 经常项目Payments for merchandise and services 货物和服务收支factor income ayments要素所得收支transfer payments 转移支付所得2)Capital and finicial ac
8、counts 资本融资项目direct foreign investment 直接对外投资DFIprotfolio investment 证券投资other capital investment其他资本投资2.外包业务定义(我记得老师说出选择或判断)Outsourcing represents the process of subcontracting 签订合同to a third party优点:allows mncs to conduct operations at a lower cost created many jobs in countries where wages are lo
9、w3.Factors affecting international trade flows影响国际贸易流动的因素 简答cost of labor 劳动成本inflation 通货膨胀national income 国民收入government policies 政府政策限制exchange rates汇率4.政府通过哪些措施改变贸易顺差 简答restrictions on imports 进口限制subsidies for expirters 出口补贴restrictiins on piracy 对盗版进行限制environmental restrictions 环境限制labor laws
10、劳动法business laws 商业法tax breaks 税收减免country security laws 国家证券法trade surplus 贸易顺差trade deficits 贸易逆差5. 每个机构职能 提供贷款?42页第三章.International financial markets国际金融市场1.国际金融市场5种类型填空foreign exchange market 外汇市场international money market国际货币市场international credit market 国际信贷市场internatinal bond market 国际债券市场?2.
11、history of foreign exchange 外汇的历史沿革(了解)gold standard.金本位制aggrements on fixed exchange rates 固定汇率制floating exchange rate system 浮动汇率制53即期市场 即期市场的结构?3.银行买入卖出差价3.4.factors that affect the spread 影响差价的因素 简答order costs 订单成本正相关inventory costs 存货成本 正compttition 竞争 负volume 交易量 负currency risk 货币风险 正5.两个协议的名字
12、布雷顿森林协定 Bretton Woods Agreement史密森协定 Smithsonian Agreement6.套算汇率的计算7.国际债券的风险 Risk of international bondscredit risk 信贷风险interest risk 利率风险exchange risk汇率风险liquidity risk流动性风险第四章 Exchange rate determination 汇率决定1.汇率变动公式贬值 depreciation 升值 appreciation2.86与87页?3.影响汇率的因素(填空或简答)factors that influnce exch
13、ange ratesef(INF,INT,INC,GC,EXP)epercentage change in the spit rate 现货汇率变动百分比INFchange in the differential between U.S. inflation and the foreign countries inflation 美国通货膨胀与外国通货膨胀差异变动INTchange in the differential between the U.S. interest rate and the foreign countrys interes rate 美国汇率与外国汇率差异变动INCch
14、ange in the differential between the U.S. income level and the foreign countrys income level 美国收入水平与外国收入水平差异变动GCchange in government controls 政府管制变动EXPchange in expectations of future exchange rates 远期汇率变动4.汇率变动的预测目的 ?5.如何进行投机 speculationexpected appreciation 升值expected depreciation第五章.Currency Deri
15、vatives货币衍生品1.premium or discount on the forward rate升水还是贴水FS(1p)远期汇率即期汇率(1溢价率)(F/S)1p远期/即期1溢价率p is negative ,the foward rate contains a discount 贴水2.Compraison of the forward and future markets(有印象 会有选择题)size of contract 合同金额不同delivery date 交割日security deposit 保证金clearing operation 交割清零markeyplace
16、市场regulation 规范性liquidation 清算方法transaction costs 交易成本3.期货相关计算买入期货相当于买入外币 买期货合同 锁定外币汇率卖出期货合同 相当于卖出外币 锁定汇率closing out a futures position 对以前的合约进行冲销(平仓)speculation with currency futures利用期货进行投机.currency options market 货币期权市场4.看涨什么情况实值什么时候虚值 等值in the money实值期权when the present exchange rate exceeds the
17、stike price 即期汇率行权汇率at the money 等值期权when the present exchange rate equals the strike price即期汇率行权汇率out of the money 虚值期权when the present exchange rate less than the strike price 5.factors affecting currency call optiin premiums 看涨期权权利金的影响因素spot price relative to strike price.即期汇率行权价SX(正向影响)length of
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 河南 农业大学 国际 财务管理 重点