跨国公司的财务优势分析——基于国际市场不完全性的视角

An Analysis on Financial Advantages of Multinationals——Based on the Perspective of Imperfection of International Market

文章从不完全市场理论出发,类比于以市场有效性假设为前提的国内企业财务管理,探讨跨国公司融资、投资和内部资金管理的优势所在。指出正是由于国际市场的不完全性,为跨国公司理财带来更大风险的同时,也带来了多种多样的选择机会和竞争优势。在此基础上进一步分析国际市场的不完全性对当前发展我国跨国公司的启示。

According to the theory of imperfect market and others concerned, the paper makes a study on the advantages of financing, investment and internal fund management in multinational corporations. Because of the imperfection of international market, there are more opportunities and competitive advantages, although there are some risks for the financing of multinationals. Based on this conclusion, the paper makes a further analysis on how to develop China's multinationals under such conditions.