Export-oriented Enterprise Financial Risk Management Strategies And Tools

In tens of past years , domestic and international enterprises usually rely on technical advantage and sale skill to attend effective competition , But they have met a lot new challenge in theirs operation and development. In which a significant challenge is financial market price uncertainty enhance , the fluctuation of exchange rate, interest rate and merchandise price makes enterprise be faced with huge risk at any time. Along with time pass , these risks not only bring for enterprise to the unimaginable profit, but also more unexpected huge loss. The price risk of financial market makes enterprise, in operation and development, have known the necessaries and importance that carries out financial risk management. At the same time the various factors such as the development of financial market as well as the advance of long-range communication technology and computer technology have promoted the financial strategy and instrument of financial risk managements of development and application. Since multinational corporation gets the influence of domestic and international financial market price fluctuation more easily in its operation and development, also, the influence received has been greater, therefore this paper' s study object is multinational corporation .It do investigation and research with carrying out the strategy and instrument of financial risk management efficiently.Article divides into some following parts: First chapter , the necessaries of multinational corporation' s financial risk management. First, have analyzed the current financial environmental and financial risk feature of multinational corporation that is faced with , respectively through that actual case , which be affected by the fluctuation of exchange rate and interest rate in their development, the necessaries of multinational corporation' s financial risk management is explained. By analysis of the domestic and international present situation and problem of financial risk management research and application, the research focal point of this paper is the actual application of the strategy and instrument of financial risk management in multinational corporation. Second chapter , the basic strategy of multinational corporation' s financial risk management. After analyzing financial risk preliminarily by using financial form, this paper introduces the external and internal methods of measuring financial price risk which respectively the risk measuring based on market value and the risk based on the rate of flows such as enterprise internal cash. Then, have analyzed the basic strategy of two financial risk managements: Asset and liability management strategy and hedging strategy, through researches of two basically strategy, this paper have analyzed the practical use of two basically strategy in extrovert type enterprisefinancial risk management. 3rd chapter , the option of financial instrument and the technical analysis of the multinational corporation' s financial risk management. This chapter first analyzes basic principle of the option of the strategy and instrument of financial risk management .Then, do analysis and research respectively with the risk management of interest rate and with the risk management of exchange rate. The multinational corporation' s risk management of interest rate has included the identification of the risk of interest rate , the option of risk management technology of interest rate and the practical application of the risk management method and instrument of interest rate in investment and financing of multinational corporation, in which, risk management technical option is key, it analyses the application of method and practical financial instrument. The multinational corporation' s risk management of exchange rate has included identification and the classification of the three kinds of risk .which are transaction exposure, economic exposure and translation exposure , and the application of method and strategy of the three kinds of exchange rate risk management. Finally with the analysis of Shanghai...