摘要
随着中国企业国际化程度的提高,由汇率波动所带来的企业价值变化的外汇风险将越来越大。因此,如何准确而简约地衡量企业外汇风险是一个亟待解决的问题。从这个角度出发,通过实证研究发现现金流量法能较好地度量中国企业的外汇风险暴露。
Along with further deepening of China s opening up,the globalization of enterprise has become much more highly and as the RMB exchange rate is no longer pegged to US dollar singly but starts to be adjusted with reference to a basket of currencies,the exchange risk which causes the change of value of enterprises brought by the exchange rate fluctuation will enlarge.Thus,how to measure the exchange risk becomes a crucial problem for our country enterprises.From this perspective,the article confirms the cash f...
出处
《湖南师范大学社会科学学报》
CSSCI
北大核心
2008年第2期97-100,共4页
Journal of Social Science of Hunan Normal University
基金
国家社会科学基金资助项目(07AJL005)
全国高校青年教师奖励基金资助项目(教人司2002[123])
关键词
外汇风险
外汇风险暴露
现金流量法
资本市场法
企业价值
exchange risk
foreign exchange exposure
cash flow approach
capital market approach
value of enterprises
