Research on Foreign Exchange Risk Management of Chinas Enterprises
The Peoples Bank of China announced on July 21, 2005 that China would begin to implement a managed floating exchange rate system based on market supply and demand, with reference to a basket of currencies. This means that the RMB exchange rate fluctuations will become more frequent, the exchange rate risk faced by enterprises will increase. The study validated that risk management is a tool used to protect shareholders value and ensure the companys continued successful operation. This paper made identification and measurement of foreign exchange risk and it propose that by adopting appropriate foreign exchange risk prevention tools, the enterprises can establish foreign exchange risk precaution mechanism with their own characteristics so as to reduce the loss caused by exchange rate change.
Bing Guan Jing Xie
School of Economics and Management Harbin Engineering University Harbin, China
国际会议
International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)
武汉
英文
1-4
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）