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Abstract£ºIn the global economic crisis£¬ the foreign exchange rate changes is difficult to predict violent and even multinational companies facing huge foreign exchange risk£¬ which is foreign exchange risk management capabilities of TNCs made very high demands. This article on transnational corporations by domestic and foreign currency risk and foreign exchange risk management£¬ various theoretical research results of the analysis and comparison£¬ on this basis that incorporate current economic crisis after the era of the Features of Economic Development£¬ further to the Foreign Exchange Risk and Management Theory Jin Xing's theory exploration.
Key words£ºTransnational corporations(TNC) foreign exchange risk transaction risk risk management
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RodriguezÔÚÔçÆÚÑо¿£¨¡¶Corporate exchange rate risk management: theme and aberrations. Journal of Finance¡·¡ª¡ª¡¶Journal of Finance¡·£¬June£¬1974£©ÖаѻãÂÊ·çÏÕ¶¨ÒåΪ¡°Íâ±Ò¼ÛÖµ¸Ä±ä´øÀ´µÄÊÕÒæ»òËðʧ¡±¡£ËûÈÏΪ£¬¿ç¹ú¹«Ë¾Íâ»ã·çÏÕ±©Â¶Ö÷ÒªÓÐËĸöÀ´Ô´£ºÒÔ²»Í¬»õ±ÒÔËÓªµÄº£Íâ·ÖÖ§»ú¹¹¡¢º£ÍâÒµÎñµÄÀûÈ󡢺£Íâ·ÖÖ§»ú¹¹µÄ×ʲú¸ºÕ®Æ½ºâ±íºÍÉÐδӰÏ챨±íµÄδÀ´½»Òס£Ëû½«Íâ»ã·çÏÕ¹é½áΪ½»Ò×·çÏպͻá¼Æ·çÏÕÁ½ÖÖ¡£»á¼Æ·çÏÕָĸ¹«Ë¾ÔÚ±àÖƹúÍâ×Ó¹«Ë¾µÄºÏ²¢²ÆÎñ±¨±íʱ½«Íâ»ãÕÛËã³É±¾±ÒʱÊÜ»ãÂʲ¨¶¯Ó°ÏìµÄ·çÏÕ£»½»Ò×·çÏÕÀ´Ô´ÓÚ¾ßÌåµÄ¡¢ºÏͬ¹æ¶¨µÄ½«À´Ìض¨Ê±¿ÌÒÔÍâ±Ò±íʾµÄÏÖ½ðÁ÷ÈëºÍÏÖ½ðÁ÷³öµÄ»ã¶Ò³É±¾±Òʱ²»È·¶¨ÐÔ¡£Ëû»¹½«¿ç¹ú¹«Ë¾ÔÚÍâ»ã·çÏÕ¹ÜÀíÖгÖÓеÄ̬¶È½øÐÐÁË·ÖÀ࣬ËûÓðüÀ¨ÔÊÐí±©Â¶Í·´çµÄ´óС¡¢Íâ»ã½»Ò×¾ö¶¨µÄ³ÖÐøʱ¼äºÍÍâ»ãÊг¡ÔË×÷µÄ»ý¼«ÐÔÔÚÄÚµÄÈýά¿Õ¼ä¶ÔÆóÒµµÄ²»Í¬Ì¬¶È½øÐзÖÎö¡£
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[1] ³Â¶.Íâ»ã·çÏÕ¹ÜÀí[J]¹ú¼Ê½ðÈÚ£¬2008£¬(17£©.
[2] »Æ¿ËÃ÷.dz̸¿ç¹ú¹«Ë¾Íâ»ã·çÏÕ·À·¶[J]ú¿óÏÖ´ú»¯£¬2008£¬(4£©.
[3] ÃÏÁîÇ¿.ÎÒ¹úÆóÒµÍâ»ã·çÏÕ¹ÜÀí̽Îö[J]ºÏ×÷¿Æ¼¼Ó뾼ã¬2009£¬£¨3£©.
[4] ÀîÓ¨. ÎÒ¹ú¹«Ë¾¿ç¹ú¾ÓªÖеÄÍâ»ã·çÏÕ¹ÜÀí[J]ÏÖ´ú¾¼ÃÐÅÏ¢£¬2009£¬£¨8£©.
[5] Ê¢¿É.¿ç¹ú¹«Ë¾Íâ»ã·çÏÕ¹ÜÀíÀíÂÛºÍÄ£ÐÍÑо¿[D][ºþÄÏ´óѧ˶ʿÂÛÎÄ]£¬2007.
[6] ÓàÏþæÃ.ÆóÒµÍâ»ã·çÏÕ¹ÜÀí[N]ÆóÒµµ¼±¨£¬2010£¬£¨1£©.
[7] Bartram£¬ S.M. Linear and nonlinear foreign exchange rate exposures of German nonfinancial corporations[J]. Journal of International Money and Finance£¬2004£¨23£©£º673¨C699.
[8] Block£¬ S.B.£¬ Gallagher£¬ T.J.. The use of interest rate futures and options by corporate financial managers[J]. Financial Management£¬1986£¨15£©£º73¨C78.
[9] Eiteman£¬ Short-Term Foreign Exchange Risk Management£ºZero Net Exposure Models[J].
[10] Jesswein£¬ K.R.£¬ Kwok£¬ C.Y.£¬ Folks£¬ W.R.. Corporate use of innovative foreign exchange risk management products[J]. The Columbia Journal of World Business£¬1995£¨30£©:70¨C82.
[11] Rodriguez£¬ R.M.. Corporate exchange rate risk management: theme and aberratio..
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Abstract£ºIn the global economic crisis£¬ the foreign exchange rate changes is difficult to predict violent and even multinational companies facing huge foreign exchange risk£¬ which is foreign exchange risk management capabilities of TNCs made very high demands. This article on transnational corporations by domestic and foreign currency risk and foreign exchange risk management£¬ various theoretical research results of the analysis and comparison£¬ on this basis that incorporate current economic crisis after the era of the Features of Economic Development£¬ further to the Foreign Exchange Risk and Management Theory Jin Xing's theory exploration.
Key words£ºTransnational corporations(TNC) foreign exchange risk transaction risk risk management
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[7] Bartram£¬ S.M. Linear and nonlinear foreign exchange rate exposures of German nonfinancial corporations[J]. Journal of International Money and Finance£¬2004£¨23£©£º673¨C699.
[8] Block£¬ S.B.£¬ Gallagher£¬ T.J.. The use of interest rate futures and options by corporate financial managers[J]. Financial Management£¬1986£¨15£©£º73¨C78.
[9] Eiteman£¬ Short-Term Foreign Exchange Risk Management£ºZero Net Exposure Models[J].
[10] Jesswein£¬ K.R.£¬ Kwok£¬ C.Y.£¬ Folks£¬ W.R.. Corporate use of innovative foreign exchange risk management products[J]. The Columbia Journal of World Business£¬1995£¨30£©:70¨C82.
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