【摘要】：“風(fēng)險(xiǎn)”,早期是指：事件的不確定性而導(dǎo)致的不安全。隨國(guó)際金融活動(dòng)日益頻繁且金額日益增大,各種金融風(fēng)險(xiǎn)日益加重,企業(yè)承受的各種企業(yè)風(fēng)險(xiǎn)隨之增長(zhǎng)。尤其是上世紀(jì)70年代以來(lái)開(kāi)始實(shí)施浮動(dòng)匯率制,投機(jī)因素增加,外匯風(fēng)險(xiǎn)控制難度日益增大,給涉及外匯交易的企業(yè)帶來(lái)越來(lái)越多的風(fēng)險(xiǎn),易引發(fā)企業(yè)匯兌風(fēng)險(xiǎn)、影響企業(yè)價(jià)值變化、導(dǎo)致企業(yè)折算風(fēng)險(xiǎn)或影響企業(yè)利潤(rùn)。因此匯率和利率的風(fēng)險(xiǎn)管理成為企業(yè)風(fēng)險(xiǎn)管理最重要的組成部分之- 隨國(guó)內(nèi)經(jīng)濟(jì)的快速增長(zhǎng),國(guó)際間貿(mào)易活動(dòng)日益頻繁,涉及外匯的交易帶來(lái)匯率風(fēng)險(xiǎn)和利率風(fēng)險(xiǎn),同時(shí)交易中產(chǎn)生的外匯債務(wù)也在受到國(guó)內(nèi)外匯率、利率變動(dòng)的巨大影響。匯率、利率的波動(dòng)將會(huì)給涉外企業(yè)的資產(chǎn)結(jié)構(gòu)、外匯收入帶來(lái)諸多不確定性,如果不能很好的預(yù)知和提前開(kāi)展風(fēng)險(xiǎn)管理,將可能給企業(yè)帶來(lái)巨大的經(jīng)濟(jì)損失。 中國(guó)的航空公司絕大部分都涉及國(guó)際業(yè)務(wù),飛機(jī)引進(jìn)、航材、航油消耗購(gòu)置、外幣債務(wù)借貸,相對(duì)于普通傳統(tǒng)行業(yè)涉及更多的匯率和利率風(fēng)險(xiǎn)。因此,航空公司更應(yīng)該重視匯率和利率風(fēng)險(xiǎn)管控,合理調(diào)整自身資產(chǎn)負(fù)債、外匯持有量、合理選擇結(jié)算貨幣種類、制定靈活的結(jié)算方式,量身定做適合自己的風(fēng)險(xiǎn)管理和防范方法和制度。 在此我們旨在通過(guò)回顧國(guó)內(nèi)航空公司目前存在的匯率和利率風(fēng)險(xiǎn)問(wèn)題,探索期成因,結(jié)合實(shí)例舉證分析國(guó)內(nèi)航空公司所面臨的利率和匯率風(fēng)險(xiǎn),并有針對(duì)性的提出一些防范方法、建議、總體思路及應(yīng)采取的管理策略。
[Abstract]:"risk", early on, refers to insecurity caused by the uncertainty of events. With the increasing of international financial activities and the increasing amount of money, all kinds of financial risks are becoming more and more serious. In particular, the floating exchange rate system has been implemented since the 1970s. With the increase of speculative factors and the increasing difficulty of controlling foreign exchange risks, the more risks they bring to enterprises involved in foreign exchange transactions, the easier it is to trigger the exchange risks of enterprises. Affects the enterprise value change, causes the enterprise to convert the risk or the influence enterprise profit. Therefore, the risk management of exchange rate and interest rate has become one of the most important components of enterprise risk management. With the rapid growth of domestic economy, international trade activities become more and more frequent. Transactions involving foreign exchange bring exchange rate risk and interest rate risk. At the same time, the foreign exchange debt generated in the transaction is also greatly affected by the changes of exchange rates and interest rates at home and abroad. The fluctuation of exchange rate and interest rate will bring a lot of uncertainty to the assets structure and foreign exchange income of foreign enterprises. If we can not predict well and carry out risk management in advance, it may bring huge economic losses to enterprises. The vast majority of Chinese airlines are involved in international operations, aircraft imports, aviation materials, aviation fuel consumption, foreign currency debt borrowing, and more currency and interest rate risk than conventional industries. Therefore, airlines should pay more attention to exchange rate and interest rate risk control, rationally adjust their own assets and liabilities, foreign exchange holdings, reasonable choice of settlement currencies, and formulate flexible settlement methods. Tailor to your own risk management and prevention methods and systems. Here, we aim to analyze the interest rate and exchange rate risk faced by domestic airlines by reviewing the current exchange rate and interest rate risk problems of domestic airlines, exploring the causes of the period, and analyzing the interest rate and exchange rate risks faced by domestic airlines. And puts forward some preventive methods, suggestions, general ideas and management strategies.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F562.6;F822.0;F832.6

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本文編號(hào)：2206587