Management and Organizational Studies 1023A/B Lecture Notes - Lecture 1: Multinational Corporation, Country Risk, Managerial Finance

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Barry Hawn

Document Summary

Globalization refers to the removal of barriers to free trade and the closer integration of national economies. Consumers in many countries buy goods that are purchased from a number of countries other than just their own. The production of goods and services has also become highly globalized. The inancial system has also become highly integrated. A multinational corporation is a business irm that operates in more than one country but is headquartered or based in its home country. Multinationals are owned by a mixture of domestic and foreign stockholders. Transnational corporations, regardless of the location of their headquarters are managed from a global perspective rather than the perspective of a irm residing in a particular country. Stockholder value maximization is the accepted goal for irms in. Canada, the united kingdom, and the united states. In continental europe, for example, countries such as france and.