Relier Pairs Inter Fin Management chp 1Version en ligne Intermediate Fin Management chp 1 par Ryan Brown 1 Theory of Comparative Advantage 2 Political Risk 3 European Central Bank 4 Multinational Corporation (MNC) 5 Corporate Governance 6 World Trade Organization (WTO) 7 Market Imperfections 8 Shareholder Wealth Maximization 9 Foreign Exchange Risk 10 General Agreement on Tariffs and Trade (GATT) an agreement that supports the existence of international trade. This theory states that it is mutually beneficial for countries to specialize in the production of goods that they can produce most efficiently and then engage in trade. permanent international organization created by the Uruguay Round to replace GATT. The WTO has the power to enforce international trade rules. A multilateral agreement between member countries to promote international trade. The GATT played a key role in reducing international trade barriers. the central bank of the 11 countries that make up the EMU, responsible for maintaining price stability via monetary police. potential losses to the parent firm resulting from adverse political developments in the host country. refers to a firm that has business activities and interests in multiple countries. various frictions, such as transaction costs and legal restrictions, that prevent the markets from functioning perfectly. this represents the most important objective of corporate management that managers of companies should keep in mind when the make important corporate decisions. Managers can maximize shareholder wealth by maximizing the market value of the firm. the risk of facing uncertain future exchange rates. the economic, legal, and institutional framework in which corporate control and cash flow rights are distributed among shareholders, managers, and other stakeholders of the company.
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