中国企业海外投资风险规避及绩效分析
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摘要
海外投资是一国经济谋取全球发展和整体进步的必由之路,也是国际资本扩展进程中极为重要的发展模式。随着国际金融资本的持续增加和世界经济一体化的高速发展,生产资本和金融资本的结合越来越紧密,海外投资需要关注的风险已经不单纯局限在资金方面,而是政治、文化、技术等层面都要兼顾。近年我国海外投资案例日渐增多,无论是投资规模、投资领域还是投资层次,较之以往有了明显提升,中国企业在国际市场的影响力也与日俱增。在这一过程中,投资项目通常要经过不同子公司来完成,由此产生的项目风险会按照一定比例折算为母公司的投资风险,这种分散的风险控制模式势必会增加中国企业海外投资的难度。因此需要从微观、中观、宏观层面对中国企业海外投资风险规避系统进行设计,以提高中国企业海外投资的绩效。
Overseas investment is the only way for a country’s economy to seek global development and overall progress.It is also a very important business model in the process of international capital development.With the rapid development of international financial capital continued to increase and the market economy,combined with the production and financial capital more and more closely,the risk of overseas investment concern are not only in the capital,but in the political,cultural and technical aspects must be taken into account,bring direct and indirect losses to prevent for the development of enterprises.In recent years,China’s overseas investment case is increasing,whether it is the scale of investment,investment or investment are compared to the previous level,has been significantly improved,Chinese influential enterprises in the international market also grow with each passing day.In this process,different investment projects are completed via different subsidiaries,resulting in the risk of investment projects,will follow a certain conversion ratio for the parent company’s investment risk,risk control mode of the dispersion is bound to increase the difficulty of Chinese overseas investment enterprises.
Overseas investment is the only way for a country’s economy to seek global development and overall progress.It is also a very important business model in the process of international capital development.With the rapid development of international financial capital continued to increase and the market economy,combined with the production and financial capital more and more closely,the risk of overseas investment concern are not only in the capital,but in the political,cultural and technical aspects must be taken into account,bring direct and indirect losses to prevent for the development of enterprises.In recent years,China’s overseas investment case is increasing,whether it is the scale of investment,investment or investment are compared to the previous level,has been significantly improved,Chinese influential enterprises in the international market also grow with each passing day.In this process,different investment projects are completed via different subsidiaries,resulting in the risk of investment projects,will follow a certain conversion ratio for the parent company’s investment risk,risk control mode of the dispersion is bound to increase the difficulty of Chinese overseas investment enterprises.
引文
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[2]向梦雅.国家战略主导模式下我国能源企业海外投资风险识别与控制研究[J].中国石油大学学报,2016,44(1):45—47.
[3]孙玉凤.海外投资风险防范的探讨[J].宏观经济管理,2016,33(9):62—64.
[4]沈伟.海外投资风险保障体制探析[J].法制博览,2015,35(8):78—79.
[5]陶斌智,陈丽平.海外投资风险规避:国际比较与借鉴[J].河南社会科学,2015,23(8):16—31.
[6]张友棠,闵剑.后危机时代中国企业海外投资风险管理[J].企业研究,2012,14(18):39—41.
[7]李尚蒲,黄尹婷.农业企业海外投资对企业绩效的影响[J].新疆农垦经济,2016,24(9):78—83.
[8]施淑蓉.我国企业海外投资风险防范系统构建研究[J].经济纵横,2014,32(11):38—41.
[9]米家龙,李一文.我国企业海外投资风险影响因素与防范策略[J].求索,2015,23(5):33—36.
[10]曹煦.不能让央企境外资产成为一本糊涂账央企境外资产流失或涉“七宗罪”[J].中国经济周刊,2015,27(14):12—14.
[11]Mac Millan 1.C.,Siegel R.and Subbanarasimha P.N.,Criteria used by venture capitalists to evaluate new venture proposal[J].Journal of Business Venturing,2015,56(1):119—128.
[12]Bruce A.Blonigen,Christopher J.Ellis,Dietrich Fausten,Industrial groupings and foreign direct investment[J].Journal of International Economics,2014,75(1):36—40.
[13]Chyau Tuan,Linda F.Y.Ng,Manufacturing agglomeration as incentives to Asian FDI in China after WTO[J].Journal of Asian Economics,2014,75(4):15—19.
[14]erry A.Miccolis,Kevin Hively,Brian W.Merkley.Enterprise Risk Management:Trendsand Emerging Practices[M].Canada:The IIA Research Foundation,2015.
[15]Kaplan,Robert S.Mikes,Anette Manage Risks:A New Framework[J].Harvard Business Review,2012,142(6):48—60.