碩士 / 國立中正大學 / 企業管理學系碩士在職專班 / 105 / This study mainly discusses the relationship between interest rate and exchange rate to overseas investment. Because the United States rate hike, began to have a lot of large enterprises to invest in the United States. The quantitative easing of Europe and the United States leads to drastic fluctuations in the exchange rate of developing countries. So many factors in Taiwan enterprises, how to do? This paper uses qualitative research on the depth of the interview. For the Listing and OTC companies of Taiwan, according to different industry categories of enterprises to conduct interviews, analyze the relationship between interest rate and exchange rate for the operation of the overseas investment business strategy and capital investment. Interview as the main information, supplemented by secondary information, to explore the results are summarized as follows:
1. The strategic objectives of overseas investment enterprises to market size or the needs of manufacturers based.
2. The enterprise overseas investment market entry model, the investment model tend to sole proprietorship.
3. The mode of operation of overseas investment funds is mostly the way of using OBU, and the other is the direct investment.
4. The volatility of the exchange rate will affect the decision of the overseas investment.
5. Enterprises overseas investment, in order to avoid exchange losses, through the exchange rate tools to avoid hedging.
6. Interest rates will not be reflected in the revenue, the interest rate is related to the enterprise debt, in the political and economic environment is unstable, the national enterprises will not borrow borrowing.
7. Business interest rate strategy, when Taiwan's interest rate is relatively low will choose to borrow in Taiwan, but a small number of enterprises to avoid the burden of the parent company is too large, will choose to borrow from the subsidiary.
Taiwan is a country dependent on exports, many micro-enterprises or small businesses are owners of concurrently chief financial officer, very few owners have the relevant financial knowledge, so in the expansion of the plant due to lack of knowledge and hindered . This study explores the impact of interest rates and exchange rates on overseas investment from corporate investment strategies, The readers can more quickly grasp the overseas investment needs to pay attention to matters.
| Identifer | oai:union.ndltd.org:TW/105CCU01121048 |
| Date | January 2017 |
| Creators | CHANG, MING-PIN, 張銘彬 |
| Contributors | CHENG, MING-CHANG, 鎮明常 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 55 |
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