跨国财务管理培训课件(ppt 109页)

主要内容
Chapter Objective
Chapter Outline
Main contents:
Key words
Introduction
1. Cost of Capital
1.1 Weighted Average Cost of Capital
1.2 The Firm’s Investment Decision and the Cost of Capital
2. Cost of Capital in Segmented vs. Integrated Markets
3. Does the Cost of Capital Differ among Countries?
4. Cross-Border Listings of Stocks
4.1 Benefit of Cross-Border
4.2 Cost of Cross-Border
5. The Effect of Foreign Equity Ownership Restrictions
5.1 Pricing-to-Market Phenomenon
Nestlé’s Foreign Ownership Restrictions
5.2An Example of Foreign Ownership Restrictions: Nestlé
6. The Financial Structure of Subsidiaries
6. The Financial Structure of Subsidiaries.
Questions
Answers
Chapter 18
1. Review of Capital Budgeting
1.1 The basic NPV equation
1.2 The expansion of NPV equation
2. The Adjusted Present Value Model
2. The APV model
2. The APV Model
Domestic APV Example
Domestic APV Example (continued)
3. Capital Budgeting from the Parent Firm’s Perspective
International Capital Budgeting
Capital Budgeting from the Parent Firm’s Perspective: Example
4. Risk Adjustment in the Capital Budgeting Process
5. Sensitivity Analysis
6. Real Options

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