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论文编号：	2088
作者编号：	2220070585
上传时间：	2009/12/8 22:16:52
中文题目：	在华生产型跨国公司外汇风险管理
英文题目：	Research on Foreign Exchang Ri
指导老师：	黄福广
中文关键字：	外汇风险;外汇风险管理;在华生产
英文关键字：	Foreign exchange risk;Foreign
中文摘要：	自2005年7月21日我国进行人民币汇率形成机制改革以来，人民币汇率在各种经济因素的作用下持续波动，人民币与美元货币之间的汇率不再固定不变，人民币与非美元货币之间的汇率波动和美元与非美元货币之间的汇率波动趋势也呈现出很大的不一致性。2008年由美国次贷危机引起的华尔街风暴，现在已经演变成为全球性的金融危机乃至经济危机。在国际金融格局日益动荡的经济环境下，人民币汇率波动日益频繁。随着中国企业尤其是生产型企业在全球制造业中的地位快速上升，越来越多的中国企业跻身于国际市场。在目前的经济形势下，这些从事涉外经营的企业如果不主动采取相应的措施来规避外汇风险，其经营成果则会因为汇率的小幅波动而荡然无存。 跨国公司是世界经济的主导力量。中国实行改革开放30年来，越来越多的跨国公司将在中国经营作为其全球化经营战略的重要布局之一。据中国商务部外资司（2007）的统计数据表明，中国的外商直接投资仍然集中在制造业。作为中国居民企业，这些在华生产型跨国公司依托其母公司广阔的经营视野和先进的管理方法，在外汇风险管理的理论掌握和实践经验上都有值得我国公司研究和借鉴的地方。因此，认真研究、充分吸收和借鉴这些公司在外汇风险管理方面的成功经验和做法，对我国企业的国际化经营具有重要的现实意义。 本文首先从回顾风险管理的相关理论入手，叙述了风险、外汇风险及外汇风险管理的内涵和特征，介绍了在华跨国公司的形成背景和发展历程，并详尽分析了在华生产型跨国公司外汇风险的成因和特征及受汇率变动的影响。然后，通过阐述在华生产型跨国公司外汇风险管理的策略和方法，总结了其成功的管理经验和存在的不足之处。在此基础上，以全面风险管理为指导思想，以预防为主、成本最低为指导原则，制定了在华生产型跨国公司外汇风险管理的流程，并从风险识别、风险测量、风险控制和对风险管理的评价四个方面提出了提升在华生产型跨国公司外汇风险管理的具体方案。最后，以阿克苏诺贝尔公司为例，进行了案例分析。
英文摘要：	RMB exchange rate is continued volatility under the influence of multiple factors since the reform of RMB exchange rate formation mechanism of July 21, 2005. The exchange rate between RMB and U.S. dollar is no longer fixed, the inconsistency of exchange rate fluctuations is also increasingly for non-dollar currencies with RMB and the U.S. dollar with non-dollar currency. The Wall Street storm caused by the U.S. sub-prime mortgage crisis in 2008 has now evolved into a global financial crisis, and even the economic crisis. Today, RMB exchange rate fluctuations become more frequent, the companies which engaged in international business may lose their operating results if they do not take appropriate measures to avoid foreign exchange risk, even the small fluctuations of exchange rate. Multinational corporations are the dominant force in the world economy. More and more multinational corporations invested in China as part of their global business strategy in the past 30 years of Chinese reform and opening up. The statistics of Foreign Investment Department of Chinese Ministry of Commerce in 2007 show that China's foreign direct investment mainly concentrated in manufacturing. Relying on the broad business perspective and advanced management system of their parent companies, Production-oriented multinational companies in China have successful experience on both theoretical understanding and practical in the foreign exchange risk management, therefore, study and learn from these companies in the foreign exchange risk management has important practical significance to Chinese local companies. This article started on a review of risk management related theories, described the meaning and characteristics of risks, foreign exchange risk and foreign exchange risk management. Then it introduced the formation background and development process of multinational companies in China, and a detailed analysis of the causes and characteristics on foreign exchange risk of Production-oriented multinational companies in China. After that, it gave an account on foreign exchange risk management attitude and means of Production-oriented multinational companies in China, summarized their successful management experience and existing deficiencies. On this basis, a foreign exchange risk management improvement solution for Production-oriented multinational companies in China was established, which included specific measures on risk identification, risk measurement, risk control and risk management evaluation, where a comprehensive risk management was as the guiding ideology, to focus on prevention and the lowest cost were as the guiding principle. Finally, Akzo Nobel, for example, conducted a case study.
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