国际投资学作业答案.doc

1、relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associat

2、e “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measur

3、ement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of re

4、lationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry prelimin

5、ary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divide

6、d into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和国际投资学作业集 答案第一章 国际投资概述一、名词解释1. 国际投资答：国际投资是各国官方机构、跨国公司、金融机构及居民个人等投资主题将其拥有的货币资本或产业资本，经跨国流动形成实物资产、无形资产或金融资产，并通过跨国经营得

7、以实现价值增值的经济行为。2.跨国公司答：跨国公司是指以雄厚的资本和先进的技术，通过对外直接投资在其他国家和地区设立子公司，从事国际化生产、销售活动的大型企业。3.经济全球化答： 指世界各国在全球范围内的融合。二、简答题1.国际投资的主要特点答：投资主体单一化；投资环境多元化；投资目标多元化；投资运行复杂化；2.跨国公司与国内企业比较有哪些特点？答：第一，生产经营活动的跨国化；第二，实行全球性战略；第三，公司内部一体化原则。三、论述题1. 书 P35 论述题第一题答：（1）近年来跨国公司在中国的投资情况：跨国公司进入中国的步伐明显加快，这一趋势还将继续保持下去；（2）投资特征：跨国公司研发投入

8、明显增加，跨国公司投资更倾向于独资方式；（3）投资原因简要分析：中国政府的优惠政策，低廉的劳动力、广阔的市场等relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1)

9、determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measure

10、ment and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2,

11、 and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of class

12、ification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes

13、are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和2第二章 国际直接投资理论一、名词解释1.市场内部化 答：是 指 企 业 为 减 少 交 易 成 本 ， 减 少

14、生 产 和 投 资 风 险 ， 而 将 该 跨 国 界 的各 交 易 过 程 变 成 企 业 内 部 的 行 业 。该理论认为世界市场是不完全竞争的市场，跨国公司为了其自身的利益，为客服外部市场的某些失效，以及某些产品的特殊性质或垄断势力的存在，导致企业市场交易成本的增加，而通过国际直接投资，将本来应在外部市场交易的业务转变为在公司所属企业之间进行，并形成一个内部市场。2.产品生命周期答：是产品的市场寿命，即一种新产品从开始进入市场到被市场淘汰的整个过程。 （1）新产品创新阶段；（2） 新产品的成熟阶段；（3）新产品的标准化阶段3.区位优势答：是指跨国公司在投资区位上具有的选择优势， ，是发展

15、对外直接投资时必须要考虑的重要因素。二、简答题1.简述垄断优势理论的主要内容答：一、不完全竞争市场的形成 不完全竞争是指由于规模经济、技术垄断、商标及产品差别等引起的偏离完全竞争的市场结构。（一） 产品和生产要素市场的不完全（二） 由规模基金引起的市场不完全（三） 由于政府干预经济而导致的市场不完全（四） 由关税引起的市场不完全二、垄断优势理论的形成（一）技术优势；（二） 先进的管理经验；（三）雄厚的资金实力；（四）全面而灵通的信息；（五）规模经济优势；（六）全球性的销售网络三、评价2.国际生产折中论的主要内容答：一、国际生产折中理论的形成二、国际生产折中理论产生的原因三、国际生产折中理论的核

16、心（一） 所有权优势；（二）内部化优势；（三）区位优势四、对国际生产折中理论的评价relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine stan

17、dard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units

18、 of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly meth

19、od 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (sli

20、ghtly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided in

21、to: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和3三、论述题1. 书 P81 论述题第一题答：（1）目前跨国公司内部贸易增加情况分析；（2）内部化优势理论；（3）理论对于现实的简要解释：主要

22、是为了减少交易成本。内部化理论认为世界市场是不完全竞争的市场，跨国公司为了其自身的利益，为克服外部市场的某些失效，以及某些产品的特殊性质或垄断势力的存在，导致企业市场交易成本的增加，而通过国际直接投资，将本来应在外部市场交易的业务转变为在公司所属企业之间进行，并形成一个内部市场。通过外部市场内部化，降低交易成本和交易风险。第三章 国际投资环境的基本理论一、名词解释1.国际投资环境答：国际投资环境是指在一定时间内，东道国（地区）拥有的影响和决定国际直接投资进入并取得预期经济效益的各种因素的有机整体。它是开展国际直接投资活动所具有的外部条件，是国际直接投资赖以进行的前提。2.国际经济秩序答：是在一

23、定国际经济格局下形成的国际经济关系的行为准则或者行为规范。受政治格局的制约和影响。二、简答题1.简述国际投资环境的主要作用答：（1）良好投资环境是国际直接投资的引力磁场（2）改善投资环境是吸引国际直接投资的竞争手段（3） 投资环境状况是国际直接投资流动的导向航标三、论述题1. 书 P107 论述题第一题答：（1）完善投资环境是振兴民族经济的一条重要捷径；（2）完善投资环境relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage

24、application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem

25、 score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omit

26、ted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry prel

27、iminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graph

28、ics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of

29、circular cone is slightly solid surface area and volume 1, size 2, table .和4是国家合理配置生产力的前提；（3）完善投资环境是提高自力更生能力的重要条件。例如：亚洲的韩国、新加坡和中国台湾、中国香港被称为“亚洲四小龙” 。这些国家或地区在 20 世纪 1960 年代到 1980 年代经济飞速成长，但在这之前他们只是以农业和轻工业为主的发展中国家或地区。它们利用西方发达国家向发展中国家转移劳动密集型产业的机会，吸引外地资本和技术，利用本地的劳动力优势适时调整经济发展战略，迅速走上发达国家或地区道路，成为东北亚和东南亚地区的

30、经济火车头之一。 P97“万商西进工程”第四章 国际投资环境的基本因素一、名词解释1.政治风险答：是指国际经济往来中，由于未能预期到的政治因素变化而给国际投资活动带来损失的风险。它是影响国际投资环境的政治因素。包括：社会制度及政治体制；执政者治理国家的能力及政府部门的行政效率；政局稳定性与政策连续性；政府及公众对待外资的态度；东道国与国外的政治关系因素。2.经济活力答：指一国一定时期内经济中总供给和总需求的增长速度及其潜力。3.经济技术开发能力答：是指在特定区域内人们有效利用各种人力和物质资源来为社会生产和人民生活提供各种有用的商品及劳务的能力。二、简答题1.国际投资环境的自然地理因素特点答：

31、（1）不可控制性；（2）相对稳定性；（3）行业差异性；（4）盈利相关性2.通货膨胀率答：即物价水平持续上生的幅度，是一国经济稳定与否的首要标志。3.基础设施的特征答：（1）基础设施服务的公共性和两重性；（2）基础设施效益的间接性；（3）基础设施运转的系统性和协调性；（4）基础设施建设的超前性；（5）经营管理的多样性和垄断性三、论述题1. 书 P175 论述题第一题relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage appl

32、ication problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem sco

33、re Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted)

34、 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry prelimin

35、ary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics

36、perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship between characteristics of circ

37、ular cone is slightly solid surface area and volume 1, size 2, table .和5答：国际投资中的政治因素包括：一、社会制度及政治制度；二、执政者之力国家的能力及政府部门的行政效率；三、政局稳定性与政策的延续性；四、政府及公众对外投资的态度；东道国与国外的政治因素；第五章 国际直接投资环境评价一、名词解释1.实质障碍答：指东道国的自然条件对外国企业的经营产生阻碍。2.经营条件答：是指直接影响企业生产经营的各种外在条件。3.投资饱和度答：就微观和具体投资项目而言，它是指投资的边际效率与利润之比二、简答题1.国际直接投资环境的评价原则答

38、：（1）坚持从投资者要素出发的原则（2）坚持从世纪出发，实事求是的原则（3）坚持保证全面突出重点的原则（4）兼顾投资国和东道国双方比较优势的原则第六章 国际投资中的公司并购一、名词解释1. 跨国并购答：一国企业为了某种目的，通过一定的渠道和支付手段，把另一国企业的整个资产或足以行使经营控制权的股份收买下来。2.吸收兼并答：是指在两家或两家以上的公司合并中，其中一家公司因吸收（兼并）了其他公司而成为存续公司的合并形式3.创立兼并relationship, established equivalent relationship 14, and subject: application proble

39、m (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2) find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction

40、 multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common units of measurement and their significance in rate 1, currency, length, area, volume, unit size, vo

41、lume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16

42、, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round

43、, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d shapes are divided into: cylinder and cone 2, column is divided into: cuboid, square 3, cone cone of the features of cuboids and cubes relationship

44、 between characteristics of circular cone is slightly solid surface area and volume 1, size 2, table .和6答：又称新设兼并或者联合，是指两个或两个以上的公司通过合并同时消失，而在新基础上形成一个新的公司。4.混合证券并购收购公司对目标公司提出收购要约时，其出价为现金、股票、认证权证、可转换债券等多种形式证券的组合。二、简答题1.跨国公司并购效益主要表现在哪些地方？答：经营协同效应，财务协同效应、企业发展动机、市场份额、企业发展的战略动机 P224-2272.现金并购运作方式答：凡是不涉及发行新

45、股票的收购都可以被视为现金收购。三、论述题1. 书 P259 论述题第一题答：该理论认为公司并购活动能够给社会收益带来一个潜在的增量，而且对于交易者来说能够提高各自的效率。又可以分为六个子理论：（1）效率差异化理论；（2）非效率管理理论；（3）经营协同效应理论；（4）多角化理论；（5）策略性结盟理论；（6）价值低估理论。注意针对某一理论研究并且尽量结合实际。第七章 国际投资项目融资一、名词解释1.流动资金答：指公司在某一时刻的流动资产大于流动负债的部分2.商业票据答：是一种短期借款工具。一般到期为一年以内。公司可以直接从投资者那里获得无担保融资。3.投资银行答：投资银行的主要业务是发行和推销证

46、券，是长期资本融资的中介。relationship, established equivalent relationship 14, and subject: application problem (4)-scores and percentage application problem review content overview answers scores, and percentage application problem of key is: according to meaning, (1) determine standard volume (units “1“) (2)

47、find associate “volume rate corresponds to“ relationship, Then in-line solution. Category fraction multiplication word problem score Division applications engineering problem problem XV, a subject: review of the measurement of the amount of capacity, measurement and units of measurement of common un

48、its of measurement and their significance in rate 1, currency, length, area, volume, unit size, volume, weight and rate. (Omitted) 2, commonly used time units and their relationships. (Slightly) with a measurement units Zhijian of of poly 1, and of method 2, and poly method 3, and of method and poly

49、 method of relationship measurement distance of method 1, and tool measurement 2, and estimates 16, and subject: geometry preliminary knowledge (1)-line and angle review content line, and segment, and Ray, and vertical, and parallel, and angle angle of classification (slightly) 17, and subject: geometry preliminary knowledge (2)-plane graphics review content triangle, and edges shaped, and round, and fan axisymmetric graphics perimeter and area combination graphics of area subject : Preliminary knowledge (3)-review of solid content category 1-d sha