瑞声科技跨境资金集中管理研究

发布时间：2018-06-07 13:35

本文选题：资金集中管理 + 授信外汇管制　；参考：《兰州大学》2017年硕士论文

【摘要】：由于20世纪后二十年越来越明显的全球化趋势,在这种趋势下,中国在过去30多年的时间里,经济的迅猛增长在整个世界几乎是有目共睹的。正是在这种大环境下,越来越多的中国企业走出国门,收购海外优质的项目,在海外设立研发机构或是工厂。为实现利润和经济效益最大化目的,通过分工、贸易、投资,实现各国市场分工与协作,形成为跨国公司。越来越多的跨国公司的产生,使得他们不得不面临着不同于本国的文化、政治、经济环境,所以其经营环境更为复杂。首先,大型跨国公司面临的市场风险比内资公司更为复杂。跨国公司的原材料供应,生产与销售活动处于不同的市场中,任何一个市场的利率和价格的变动都会影响到跨国公司的收益和成本。且跨国公司的收入、支出和统计的币种不一致,在各种货币相互转换中还存在着汇率风险。其次,大型的跨国公司还要面对由于境外国家政府的政治变动而引发的政治风险。这使得跨国公司更需要站在宏观的角度去制定自己的战略方针,需要高瞻远瞩的为公司的发展方向做出正确的决定。正是因为走出去的跨国公司的经营环境错综复杂,所以跨国公司的财务管理显得尤为重要,大型的跨国集团公司的财务与资金集中管理已经成为一种趋势。但如何能够集中有效的管理境外的资金,却不是每个企业都能做的很好的。本文以瑞声科技集团有限公司(本文简称“瑞声科技)的境内外资金管理为案例,结合相关的理论,运用比较分析法、列举法,通过分析介绍公司资金管理的背景,及现有管理方法和管理模式,来剖析瑞声科技资金管理的现状及存在问题。本文主要是针对瑞声科技在现实资金管理中出现的问题,如在非外汇管制国家,资金调拨的随意性及公司架构的不合理性,导致的某子公司的现金流不正常,外币收支较多。但没有专业的人员对外汇风险进行管理,没有建立完整的境外资金预算体系,使得资金未形成聚集力,并且使用效率低下等等的问题。然后,本文针对上述问题提出一些解决方案,设计出集团公司资金管理的目标与原则,资金管理流程方案的优化,资金调拨的方案,设立资金预算体系,及资金池,对外币结汇和外汇汇兑损益的风险进行管控。最后本文提出为公司的可持续发展,集团资金组应该在管理上狠下功夫,设立完善的制度,防范风险,这样才能保障公司的资金安全,降低公司的资金使用成本,并获得一定的资金收益。
[Abstract]:Due to the more and more obvious trend of globalization in the latter two decades of the 20th century, the rapid economic growth of China in the past 30 years is almost obvious to the whole world. It is in this environment that more and more Chinese companies go abroad to buy quality overseas projects and set up research and development institutions or factories overseas. In order to maximize profits and economic benefits, multinational corporations are formed through division of labor, trade and investment, and realization of market division and cooperation among countries. With the emergence of more and more multinational corporations, they have to face different culture, politics and economic environment, so their business environment is more complex. First, large multinationals face more complex market risks than domestic firms. The supply, production and sale of raw materials are in different markets. The change of interest rate and price in any market will affect the profits and costs of multinational corporations. Moreover, the income, expenditure and statistics of MNCs are not consistent, and there is exchange rate risk in the exchange of different currencies. Second, large multinationals face political risks caused by political changes in foreign governments. This makes multinational companies need to make their own strategic policy from a macro perspective, and need to make a correct decision for the development direction of the company. It is precisely because of the complexity of the operating environment of transnational corporations that the financial management of multinational corporations is particularly important. The centralized management of finance and capital of large multinational group companies has become a trend. However, how to effectively manage foreign funds, not every enterprise can do very well. This paper takes the domestic and foreign capital management of Ruisheng Science and Technology Group Co., Ltd (referred to as "Ruisheng Technology") as an example, combines the relevant theories, applies comparative analysis method, enumerates the method, and introduces the background of the company's capital management through analysis. And the existing management methods and management model to analyze the current situation and problems of Ruisheng science and technology fund management. This paper mainly aims at the problems of Raytheon Technology in real capital management, such as in non-foreign exchange control countries, the randomness of capital allocation and the irrationality of company structure, which results in abnormal cash flow of a subsidiary company and more foreign currency income and expenditure. However, there is no professional personnel to manage foreign exchange risk, and there is no complete overseas capital budget system, which makes the capital not gather, and the use efficiency is low, and so on. Then, this paper puts forward some solutions to the above problems, designs the objectives and principles of capital management, the optimization of fund management process, the scheme of fund allocation, the establishment of fund budget system, and the fund pool. Control the risk of foreign currency exchange and foreign exchange gains and losses. Finally, this paper puts forward that for the sustainable development of the company, the group fund group should make great efforts in management, set up a perfect system to guard against risks, so as to ensure the safety of the company's funds and reduce the cost of using the funds of the company. And obtain certain capital income.
【学位授予单位】：兰州大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F276.7

【参考文献】