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The Financial Analysis And Evaluation Of The Foreign Direct Investment Projects In The Trend Of Economic Globalization

Posted on:2004-02-29Degree:MasterType:Thesis
Country:ChinaCandidate:X M JiFull Text:PDF
GTID:2156360092490951Subject:Business Administration
Abstract/Summary:PDF Full Text Request
For Chinese enterprises, 21st century, a promising era full of opportunities, might be as well a times in which the Chinese enterprises will experience competitions and rigorous challenges. With the entry to WTO in 2001, China has started further opening to the word in all the directions and at multi-levels to push the its economy onto the tracks of global economy. As a result, we will witness domestic and foreign market being combined into a common market. Economic links between China and foreign countries will be transformed into profound international investments and production elements internationally floating and allocating from simple international trade. To follow the trend of economy globalization, "going-out" strategy with encouraging foreign direct investment as core, has been put on the agendas of decision makers in the governments and enterprises.Without doubt, our enterprises are lack of both practical experience and relevant knowledge of foreign direct investment, due to these enterprises long existing under the policy of planned economy and close-door to outside. Therefore, in the environment of economy globalization, applying a set of systematic and scientific financial analysis measures to analyze and evaluate foreign direct investment projects, has great significance for speeding up the rationalization and standardization of the investment decision-making, quickening the progress of market-oriented investment management, optimizing source allocation, minimizing the risks, and expanding benefits etc.The article consists of two parts, five chapters. Part 1 (Chapter 1 to Chapter 4) describes current status of financial analysis and evaluation of foreign direct investment, discusses the measures of financial analysis and evaluation, mainly including analysis of foreign direct investment status, characteristics of financial analysis of foreign direct investment in the trend of economic globalization, discussion on the measures of financial analysis and evaluation of foreign directinvestment, analysis of financial risk factors of foreign direct investment and how to control the risks. Part 2 (chapter 5) exemplifies the financial analysis and evaluation to the oversea investment of Jinan Tongji Environment Engineering Company.Part 1 specifies the research background, contents and methods for this article roughly, yet relatively expatiates the macro-economic environment of foreign direct investment and its impact on financial analysis and evaluation of foreign direct investment projects, as well as the differences of financial analysis and evaluation between foreign direct investment and domestic direct investment. This part also emphatically presents the issues worth of much attention when analyzing, namely, assessment, adjustment and evaluation methods for critical indices. What's more, the article makes the description of the objectivity of financial risks and how to control the risks. Part 2 focuses on the project's structural frame and items. A conclusion is drawn through financial analyzing and evaluating to the project by using the theory and methods proposed in Part 1.Financial analysis of foreign direct investment is a complex subject that requires us to sum up practical experience, and in the light of our enterprises' situation, to demonstrate, compare and analyze on macro and micro basis. When writing this thesis, through I have done my endeavor, but because of limits of reference and ability, this article may not be perfect, I appreciate my tutors and elder schoolmates to point out mistakes in the article.
Keywords/Search Tags:economy globalization, foreign direct investment, financial analyzing and evaluating, cash flow, discount rate
PDF Full Text Request
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