本文選題：匯率風(fēng)險(xiǎn)　切入點(diǎn)：中國(guó)跨國(guó)公司　出處：《華僑大學(xué)》2012年碩士論文　論文類(lèi)型：學(xué)位論文

【摘要】：隨著經(jīng)濟(jì)的發(fā)展和改革開(kāi)放的深入，我國(guó)的企業(yè)逐步走向了國(guó)際化經(jīng)營(yíng)的道路，跨國(guó)公司得到了進(jìn)一步的發(fā)展，為我國(guó)的經(jīng)濟(jì)增長(zhǎng)做出了貢獻(xiàn)。 自我國(guó)啟動(dòng)匯率制度改革以來(lái)，人民幣的匯率形成機(jī)制更加具有彈性，人民幣匯率波動(dòng)加劇，給我國(guó)的跨國(guó)企業(yè)經(jīng)營(yíng)帶來(lái)了巨大的匯率風(fēng)險(xiǎn)。匯率風(fēng)險(xiǎn)問(wèn)題是我國(guó)跨國(guó)企業(yè)在成長(zhǎng)中勢(shì)必要面臨和解決的問(wèn)題，，其對(duì)跨國(guó)公司的戰(zhàn)略運(yùn)營(yíng)、財(cái)務(wù)穩(wěn)健及風(fēng)險(xiǎn)管理都有重要的影響。對(duì)我國(guó)企業(yè)匯率風(fēng)險(xiǎn)管理的研究具有重要的理論意義和現(xiàn)實(shí)意義。 本文以我國(guó)的跨國(guó)企業(yè)為研究對(duì)象，通過(guò)對(duì)樣本公司的計(jì)量分析得出了匯率風(fēng)險(xiǎn)波動(dòng)對(duì)我國(guó)跨國(guó)企業(yè)的影響是顯著的。闡述了我國(guó)跨國(guó)企業(yè)匯率風(fēng)險(xiǎn)管理的現(xiàn)狀和存在的問(wèn)題，提出了匯率風(fēng)險(xiǎn)管理是系統(tǒng)工程，從建立匯率風(fēng)險(xiǎn)預(yù)警機(jī)制、完善匯率風(fēng)險(xiǎn)管理組織層次結(jié)構(gòu)及衍生品的正確使用三個(gè)方面來(lái)論述了我國(guó)跨國(guó)公司匯率風(fēng)險(xiǎn)管理系統(tǒng)的構(gòu)建。提出了匯率風(fēng)險(xiǎn)預(yù)警機(jī)制流程、匯率風(fēng)險(xiǎn)管理流程，分析探討了VAR法、凈頭寸管理在我國(guó)跨國(guó)企業(yè)匯率風(fēng)險(xiǎn)管理中的具體應(yīng)用，并提出了運(yùn)用財(cái)務(wù)工具來(lái)完善約束金融衍生品的正確使用，從而確保我國(guó)的跨國(guó)企業(yè)能及時(shí)、高效、穩(wěn)健的進(jìn)行匯率風(fēng)險(xiǎn)管理工作。 最后，本文做出了進(jìn)一步展望，提出了逐步放開(kāi)利率市場(chǎng)形成機(jī)制、加快金融衍生品市場(chǎng)的建設(shè)及實(shí)施人民幣走出去戰(zhàn)略，更好的開(kāi)展我國(guó)跨國(guó)企業(yè)的匯率風(fēng)險(xiǎn)管理工作，增加企業(yè)的國(guó)際競(jìng)爭(zhēng)力。
[Abstract]:With the development of economy and the deepening of reform and opening up, the enterprises of our country have gradually moved to the road of internationalization management, and the multinational corporations have got further development, which has contributed to the economic growth of our country. Since China initiated the reform of the exchange rate system, the exchange rate formation mechanism of the RMB has become more flexible, and the fluctuation of the RMB exchange rate has intensified. It brings huge exchange rate risk to the management of multinational enterprises in our country. The problem of exchange rate risk is bound to be faced and solved in the growth of multinational enterprises in our country, and its strategic operation to multinational corporations. Financial stability and risk management have important influence on the study of exchange rate risk management of Chinese enterprises, which has important theoretical and practical significance. This paper takes the multinational enterprises in China as the research object. Through the econometric analysis of the sample companies, the paper draws a conclusion that the fluctuation of exchange rate risk has a remarkable effect on the multinational enterprises of our country. This paper expounds the present situation and existing problems of the exchange rate risk management of the multinational enterprises in China, and puts forward that the exchange rate risk management is a systematic engineering. This paper discusses the construction of exchange rate risk management system of multinational corporations in China from three aspects: establishing early warning mechanism of exchange rate risk, perfecting the hierarchical structure of exchange rate risk management and the correct use of derivatives, and puts forward the flow of early warning mechanism of exchange rate risk. This paper analyzes the application of VAR method and net position management in the exchange rate risk management of multinational enterprises in China, and puts forward the use of financial tools to perfect the correct use of constrained financial derivatives. In order to ensure that China's multinational enterprises can timely, efficient, robust exchange rate risk management. Finally, this paper makes a further prospect, and puts forward to gradually liberalize the interest rate market formation mechanism, accelerate the construction of financial derivatives market and implement the strategy of RMB going out, so as to better carry out the exchange rate risk management of Chinese multinational enterprises. Increase the international competitiveness of enterprises.
【學(xué)位授予單位】：華僑大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F276.7;F832.6

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