跨国财务管理培训课件.pptx

1;2;3;4;5;6;7;8;9;10;11;12;13;14;15;16;17;18;19;20;21;Nestlé’s Foreign Ownership Restrictions;5.2An Example of Foreign Ownership Restrictions: Nestlé;24;25;26;27;28;29;30;31;;;;;;;;;;;;;;;;;;;50;51;52;53;54;1.1 The basic NPV equation;56;57;58;59;60;Domestic APV Example;Domestic APV Example (continued);APV =;2. The APV Model;65;66;67;68;69;70;71;72;73;74;75;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;Capital Budgeting from the Parent Firm’s Perspective: Example;85;86;87;88;89;90;91;92;93;9. What is the intuition of discounting the various cash flows in the APV model at specific discount rates? Answer: The APV model is a value-additivity technique where total value is determined by the sum of the present values of the individual cash inflows and outflows. Each cash flow will not necessarily have the same amount of risk associated with it. To account for risk differences in the analysis, each cash flow is discounted at a rate according to the inherent riskiness of the cash flow.;95;96;;;;;;102;;;;;;;;9、有时候读书是一种巧妙地避开思考的方法。3月-213月-21Monday, March 1, 2021 10、阅读一切好书如同和过去最杰出的人谈话。00:31:0800:31:0800:313/1/2021 12:31:08 AM 11、越是没有本领的就越加自命不凡。3月-2100:31:0800:31Mar-2101-Mar-21 12、越是无能的人，越喜欢挑剔别人的错儿。00:31:0800:31:0800:31Monday, March 1, 2021 13、知人者智，自知者明。胜人者有力，自胜者强。3月-213月-2100:31:0800:31:08March 1, 2021 14、意志坚强的人能把世界放在手中像泥块一样任意揉捏。01 三月 202112:31:08 上午00:31:083月-21 15、最具挑战性的挑战莫过于提升自我。。三月 2112:31 上午3月-2100:31March 1, 2021 16、业余生活要有意义，不要越轨。2021/3/1 0:31:0800:31:0801 March 2021 17、一个人即使已登上顶峰，也仍要自强不息。12:31:08 上午12:31 上午00:31:083月-21