| In recent years,with the increasingly active political and economic relations between China and Latin America and the increasing internationalization of Chinese companies,more and more Chinese companies have begun to target the hot spot of investment in Latin America,hoping to achieve greater economic benefits in the Latin American market..However,due to the particularities of the political,economic,social and cultural environment in Latin America and the lack of international experience of the company itself,Chinese companies are also facing some risks in the Latin American investment process,and some enterprises even suffer large losses.Especially in recent years,a considerable number of Latin American countries are in a period of political alternation.Due to the influence of the international and domestic environment,the economic downturn is obvious,which leads to political turmoil,risk of policy intervention,and risk of macroeconomic fluctuations.The investment risks faced by Chinese enterprises are even more severe..In order to effectively cope with and avoid the investment risks in Latin America,it is essential to improve the risk prevention ability of enterprises’ overseas direct investment,and comprehensive risk evaluation is the key to improving the risk prevention ability of enterprises.Therefore,the research on the comprehensive evaluation of Chinese companies’ Latin American investment is of great significance to reduce the risk of Chinese enterprises investing in Latin America,increase investment income,and promote the sustainable development of investment.This paper takes the investment risk of Chinese enterprises in Latin America as the research object,and comprehensively applies the relevant theoretical knowledge such as fuzzy mathematics,risk management theory and risk early warning theory,and establishes a comprehensive evaluation process of Chinese enterprises’ Latin American investment risk.And through the comprehensive evaluation of Chinese companies’ investment risk in Brazil,the effectiveness of the process was tested.The research results show that:(1)From the perspective of investment scale,the current investment stocks of Chinese enterprises in Latin America are at a relatively high level,but the investment flows are highly volatile;from the perspective of entering Latin America,Greenfield investment is the main entry before the financial crisis.In the way,but after the financial crisis,more ways to invest in M&A;from the perspective of Chinese investment industry structure,China’s industry diversification trend towards Latin America is significant,and the industry structure tends to be optimized;from the investment destination,Brazil is The most important destination for Chinese Latin American investment.(2)According to the comprehensive evaluation of Chinese enterprises’ investment risk in Latin America,the current investment risk of Chinese enterprises in Brazil is at a relatively high level.The main risks include raw material price fluctuation risk,macroeconomic fluctuation risk,policy intervention risk,power supply risk,raw material supply risk,Media public opinion risks,etc.Overall,the comprehensive evaluation results of this paper are consistent with the facts,indicating that the comprehensive risk assessment process established in this paper is effective and beneficial to reduce the direct investment risk of Chinese companies in Latin America. |
