The impacts of RMB appreciation on the business performance of foreign-related enterprises

摘要：

The appreciation of RMB has impacts on both import and export trades and the value of firm, which is to some extent reflected in its impacts on business performance. This paper focuses on the impacts of RMB appreciation on the performance of foreign-oriented enterprises. Empirical studies have shown that: RMB appreciation and earnings per share of the corporate are significantly negatively correlated, which means that RMB appreciation has negative impacts on the operating performances of foreign enterprises. This situation is presented in both export-oriented enterprises and import-oriented companies. How to eliminate the negative impact should be concerned by foreign-oriented enterprises and government departments.

关键词： RMB appreciation foreign-oriented enterprise performance

作者: Liu Yali Gao Li Liu Xiaoxiao

作者单位: Dong Ling School of Economics and Management, University of Science and Technology Beijing, China

会议类型: 国际会议

会议名称: 2011 International Conference on Economic and Information Management(2011年经济与信息管理国际会议 ICEIM 2011)

会议地点: 北京

会议语种:英文

页码: 161-164

在线出版日期: 2011-09-03（万方平台首次上网日期，不代表论文的发表时间）