企業在國際化的擴展下，往往要面對許多不同國家內的客戶群，配以當地的各國的貨幣與銀行帳戶，當然企業受到外匯風險的衝擊也因此提高；當匯率一有波動時，對於企業的獲利、淨現金流量及市價對將有所影響。因此為了更有效率去管理企業的財務運作，規避外匯風險就成為國際化企業的財務單位，所需積極面對的重要事項，特別在企業風險和國際化成正相關時。
本研究試著將風險值VaR概念，從一般金融機構風險值的研究擴大應用於公司外幣資產組合，以之分析其對公司價值的影響程度，並為個案公司尋找合適的避險策略或是較佳的資金配置，以期能降低個案公司其風險值VaR對公司的衝擊。
研究可知，當採取適當的資金配置比例時，對於國際化企業而言，是能有效降低外匯風險的資金配置。 / Enterprises in the international expansion, they have to face many different customer base within the country, countries with local currency and bank accounts. Of course, the impacts of foreign exchange risk also increase. When the exchange rate has some fluctuations in local, enterprises will have an impact on profit, net cash flow and market value. Therefore in order to more efficiently to manage the financial operation. So finance department of international business must require facing the important issues that evasion of foreign exchange risk. Particularly in the enterprise risk and the internationalization is relevant. As well as Enterprises look for hedge strategy or a better allocation of
funds.
This study will try to use the concept of Value-at-Risk, “VaR”. Let the VaR of financial institutions from the general study of broadening the application of the value of foreign currency assets of portfolio companies. Then try to analysis their implications for the impact of the value of the company. And hope to reduce
the VaR of Enterprises its impact on the company.
Research shows that when appropriate proportion of the funds allocation for the internationalization of enterprises, it can effectively reduce foreign exchange
risk.
| Identifer | oai:union.ndltd.org:CHENGCHI/G0094355054 |
| Creators | 游濱福 |
| Publisher | 國立政治大學 |
| Source Sets | National Chengchi University Libraries |
| Language | 中文 |
| Detected Language | English |
| Type | text |
| Rights | Copyright © nccu library on behalf of the copyright holders |
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