international financial management basic
DESCRIPTION
introduction of IFM evolution of international finacial managementTRANSCRIPT
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1.1Introduction
Globalization: World economy increasingly globalizedIncreasing connectivity and integration of countries and corporationsMultinational corporations (MNCs) dominating the landscape
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1.2Globalization and the Growth of International Trade and Capital Flows
Globalization: OverviewThe Growth of International TradeTrade LiberalizationInternational Efforts to Promote Free TradeThe Growth in Trade MNCs Are Affecting Free TradeThe Globalization of Financial MarketsTrends in Financial OpennessThe New Financial Landscape
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1.2Globalization and the Growth of International Trade and Capital Flows
The Growth of International TradeTrade LiberalizationComparative AdvantageEuropean Economic Community
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Exhibit 1.1 Trade and Financial Openness
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Exhibit 1.2Trade Liberalization Dates by Country
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1.2Globalization and the Growth of International Trade and Capital FlowsThe Growth of International TradeInternational Efforts to Promote Free TradeGATTWTOEUNAFTAASEANRecent Developmentsoutsourcing
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1.2Globalization and the Growth of International Trade and Capital Flows
The Growth of International TradeThe Growth in Trade
MNCs Are Affecting Free Trade
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Exhibit 1.3 Panel AThe Growth in International Trade
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Exhibit 1.3 Panel BThe Growth in International Trade
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Exhibit 1.3 Panel CThe Growth in International Trade
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1.2Globalization and the Growth of International Trade and Capital Flows
The Globalization of Financial MarketTrends in Financial OpennessThe New Financial LandscapeDerivative securitySecuritization
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1.3 Multinational CorporationsMultinational Corporations: Overview
Definition of an MNC
How MNCs Enter Foreign Markets
The Goals of an MNC
Corporate Governance Around the World
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Exhibit 1.4Worlds Top Nonfinancial Transnational Corporations by Foreign Assets
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1.3 Multinational Corporations
Definition of an MNC:A firm that does business in two or more foreign countries
How MNCs Enter Foreign MarketsRoyaltiesLicensingFranchisingJoint venturesForeign Direct Investment (FDI)
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1.3 Multinational CorporationsThe Goals of an MNCInvestment Time HorizonStakeholder AlternativeAgency Theory and Corporate Governance
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1.3 Multinational CorporationsCorporate Governance Around the WorldCorporate governance differences across countries affects a firms valuationMay lead to cross-listing of stocks
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Exhibit 1.5Methods of Overcoming Agency Problems Due to the Separation of Ownership and Control
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Exhibit 1.6 Panel AForeign Direct Investment
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Exhibit 1.6 Panel BForeign Direct Investment
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Exhibit 1.7Cross-Border Mergers and Acquisitions by Buyer and Seller, 1990-2004 (in the millions of dollars)
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1.4Other Important International Players
International PlayersInternational banksMultilateral Development BanksWTOOECDInternational institutionsIMFWorld Bank
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1.5 Globalization and the Multinational Firm: Benefactor or Menace?
Two Sides to the Globalization Argument:
Pro: Benefactors
Con: Anti-globalists