摘要
跨国公司折算风险的大小取决于在国外经营的程度与国外子公司所在地会计方法的选择。国际上大部分国家都根据子公司的类型选择折算方法。整体型子公司采用时态法,自主型子公司采用现行汇率法。折算方法要选择对合并利润最大化有利并设法使合并资产负债表上外币风险资产与外币负债趋于一致,以轧平净风险资产头寸,消除或减少因不可预期汇率变动而对公司现金流量与经济价值的影响。采取期货合同套期保值、远期合约套期保值、货币互换套期保值、货币期权套期保值的防范措施和规避方法,能使折算风险最小,股东财富最大化。
Multinational corporations (MNCs) are the international corporations who are engaged in production,sales and services in more than one Country.With the development of communication,telecommumcation and internet,the information of the world can be transmitted in a second.As the global economic organizations whose aims are making-profit,MNCs's final aims are to achieve the maximized proflt of the corporation,and then maximize the shareholder's wealth.With the coming of the infomat1on society,it brings about opportunities and challenges for MNCs.All these will be reflected findiy in the finance statement.This article sets forth the relationship between the translation exposure and the shareholder's wealth maximization.It inquires into the translation exposure and makes it beneflt to the financial objective ofmaximizing the shareholder's wealth.
出处
《商业经济》
2005年第6期16-17,21,共3页
Business & Economy
关键词
跨国公司
股东财富最大化
折算风险
multinational corporations
the shareholder's wealth maximization
translation exposure