国贸经济管理类毕业论文-企业对外经营如何防范资金链断裂风险

?CR4WFJ0JA- 1 - ?zgGJC%og+Ho9c+Hk+H14|k cPkcP.o4ckUxoo!+HPewkk4c+HPewk?,yv.o-oc+HkPeohMoeBU48c+HPew+ : ,y+HPeoPov.Oocafo KA +H Pe Pew v.Abstract?CR4WFJ0JA- 2 -More and more Chinese enterprises, prompted by the need ofinternational market and the eleventh “five years plan of economydevelopment”, are going to invest and operate abroad. However, for lackingexperiences, Chinese enterprises may encounter many new problems, whichleads to a shortage of money or even gets them into fund crisis.This paper first analyses some cases from some Chinese large-scaleenterprises such as Sichuan ChangHong, Konka and China Aviation Oil intheir process to invest and operate abroad. In all these cases, a break in fundchain could be seen. Then, it summarizes from the point view of the parentcompanies, listing the factors that lead to the break in fund chain whileinvesting and operating abroad. These factors include the exceedingappropriate number of overseas accounts receivable; the cheats with letter ofcredit; too fast expansion; neglecting the necessity to elude financial accountrisk. In the end, this paper gives some advice on how to avoid the fund chainbreak risks, including setting up a complete fund chain precaution system,making a precise invest fund budget, enforcing the control of the accountsreceivable, reinforcing these enterprises with the skills to fight against thefluctuation risk in the international market. Key words External management; Fund chain; Fund chain breaks;Accounts receivable?CR4WFJ0JA- 3 -$ 0 . - 4 -1 -()5,F . - 5 -2 CtHK.,y1JCtHK.1*6 . - 6 -2.1 CtH,y .- 6 -2.2 CtHK.,y .- 6 -2.3 1J,CtHK.1*6 .- 7 -3 A-1J)FCtCtHK.6 . - 8 -3.1 #FfCV!nEJ .- 8 -3.2 +XA!jA . - 11 -3.3 1J)F4:UPE-?CtHK.NL .- 12 -3.4 =#GCRNL1*6 .- 15 -4 )F4:ULb93CtHK.,)1 .- 19 -4.1 *0,)F4:UCtHK.NA3+ .- 19 -4.2U)FCt?BN1 .- 25 -4.3 jfCV!nf .- 28 -4.4 )-Lu2j%&#NLG6f .- 29 -5 5A .- 32 -63) .- 33 -8* BX .- 34 -?CR4WFJ0JA- 4 -1J)F4:ULb93CtHK.NL0iM0nMj-4#,!BFjFO-4#,0/rL-p4#*3F-4#,FO.&BFF0X-4#/nJ+O#khhC,ABX,=4?L$f+OF+aBFC*iM0n 20JL-p-4#,F$jC*j-4#,0jN#0#k55An/j 2005-)FChCE 14221.25s:K 23.2%* 76205sK 28.4%F 6601.25sK17.6%1 2005-)F-$Ct#q* 113.055s_ 2004 18.055s#q*, 6.26= 2005-)F-$Ct#q*KQE 526%2 2005A-MH=2)F-$Ct 69.25sGjF+|:k?,-$Ct$-0 104#*3F)A-1J6Vi5_1J)CtH1*6_V8*6_V0=8*6=0,CtH1*6CFPCtHK.3WPUG&7-JFPCtHK.,0,8$1JCA.dx_CtHK.X1JCx+XECA-1J)F4:UCtHK.,3P_x7-Lb93CtHK.NL)FLNF|M!.D01 Ct$ :-v5 ,2006-07-08: 2 Ct$ :vG-5Ap ,2006:-)F-$Ct3_AN 5725sL4#.D01O?CR4WFJ0JA- 5 -1 -()5,F J)CtHK.)1J4:U,-F9,*6A|-(,6.D0 1X) Michael Porter 1985X,1H)x*lK.F0% PorterAj1JM0?,lK.4/#k!L$,3+_g,6|J,lK.63|6AjCtHK.)4#/nJG-6+OW,=)?4#k 13 -65%7F 20050C1J1*6,J)1JCtHK.,2CtHK.F|6Aj1JFJEA015?%HFCt51CRiWN1G?FGCRC,=)0 BXF|)F)FCt1y#k1yMLb931JCtHK.NL 12P, 2003)A-PW&1JCtHK.X,LN*1JXPY#K,CtHK.,3+F|AAjCtHK._V1J,+OCtHK.,_1J9151,*.p ”3-PF (2005)iA-FK1C2CtHK.,)(AjA-FK1C2FJEFPCtHK.jG,f?*6W0,PQFK1C2CRNL1PM_Z/nJ+O,)CtHK.LNF|Eju6,6k?)XCtECt)+X*6A?CR4WFJ0JA- 6 -Lb93)H#q1*6,7-H+:jCtHK.)C 2004)NK,CtHK.F|6AjNK,CtHK.k?_jNKX-PTX04#=E,2F|0CtHK.Z0ZK04,8$CtHK.,FJE-F-(,)CtHK.FM,.D0F9W,0L$1y-p-F4656.D0J)1J)F4:UCtHK.NL,.D0EAWJ_1X0Z?4#:)CtHK.,+O,XE,*6A.D0.D06ECA-1J)F4:U&CtHK.NL,3PiF3P*0Lb93,2 CtHK.,y1JCtHK.1*62.1 CtH,yj0*0)F4:UCtHK.NA3+1D65)CtHF|CLypB$,)F4:UCtHK.,CtH_708%,F1J)F4:U),)HK&|!nO!n.OCt8+a_GL&+X_,CW1CtH0 j)Hk?_CtH,8+a_GsjB6+|491Jj=Ct6|,AH1J98+a_Gs!=X%93$2.2 CtHK.,yX_+|)CtHK.,y0-$950,y08CtHK.Gj)H Ct )Hl,)_1J4:U,CtH#q0;1J?5$1FEaN1FZ)8W,=FE 81D65AjCtHK.,#q0;. 2.1:?CR4WFJ0JA- 7 -. 2.1J1JCtHK.#q0;. 2.1?1J,CtHK.,*#q0;FCtH$k?FJE;ZM,$PF1J08FJE)FnjAK&|Cg!nCg!nj1JL$,-(O!n1y1y?9CtH1LCO,CtH1JF:UFCtHF|+OCtHl+OCtHaLt9l,(a_l,CtH!&CtH,AJ9TZA0_K0,v_FJE1J,K0GL)FK06,p9CtHG-EF1J,8+a_G,#q)H90G66fCV!n,?X2.3 1J,CtHK.1*6CtH_1J,p#1J/0CtHa/0p#0g#+O0Z1J_V7-O!hNY4:U;a-;FZ1J_V1*61J,CtH1J,CtHK._V7-ON+u,FE. 2.1A-;*CtHK.=_01J6F_Mh3WPV,6=_B)8D97-(066$UG+J8#97-$,8$1J.dCtHK.1*6OxNN1M0?CtH!QX+OE0;?Ulf+OA7*Ct1y,7GBmGFCtH(FEJ6K0)8&1J08G-=FX&=7-f,!nN1J,fCV!n)Y#B$F_1J,Y#,0G6aCtB$F1J,CtXCtCOjG)*_Ctv_fCV!n1_fCV!nF=_1J_G,8+aCtHWG,fCV!n,Xk?TZM1J_G8+aCtH0M_1J4K0,FG6CW!n=7-&)6fCV!n,Xf_/jf,X:p0&F9&:FgaF0!A1J,_G8+aCtH:M6-;1J4EK0WG6!nN=7-&fFgaCFP1JCtH3WPE=&CtH_j1J,p#1JX4:U,E0;N&k1*68!,CtHACtHXE,!0Z)8N+u3 A-1J)FCtCtHK.6A-1J)F4:UC!E)FCt4PEA3R-pC*-L&=FFw=ALN)XF(af=F2-F4#)=-F,oNLvJ+X1y1yLNFLN04J,8$1JCtH3WPUGIECCtHAjFLNk?)X;ZM3.1 #FfCV!nEJXF*ChC&A-,0F1JE6jB3-Lu2j0MJ5n)-LuCW!n!P,1*6C7*1JE6#GK0J5,?CR4WFJ0JA- 9 -Kh7-FOWCVMK0NCR(hh=?,8$fCV!n:wK0Ci+X:wvCVCVY#;L 4WGfCV!nf=f)1Ja_0/%X,NL-(1J8!,CtHWGn1*651JCtHK.NL;LfCV!n,)1J,k?)j+OCV,NLCV_7+aj.d4/6fCV!n1*63+5F|9,kCi+Xk?5gCtB3Ci+XfL4/,Ci+XFnO!n,Ci+X1y1JfCV!nCJ1*6aCW+XCtHL1J,_7-sCS+Of_1JJA,I0P,_fCi+X,+O)H,#q#q*=08$!fCV!n8$1JY#,G!jJ,W?fCV!n,HN9Ah,f,)51&L$,K.#FNfCV!nLfF!P&L$EK_A-1J)F4:U0F,NL=7-,1*6f1J,)Fn,fCV!n1J7-XK0J5:,;FX-pCtH3WPLNK|GB3J5F;L 2001 K|?F_FP(NfCV!n,-$?CR4WFJ0JA- 10 -)K|6 3.1:n 3.1 20012002vHvoMfvov.J%yyLN- 2001 2002 KHN K)k:UJf 95.14 125.85 30.71 32.30%*K0f 7.75 55.41 47.66 600%fCV!n 28.8 42.2 13.4 46.50%Ct$?Ah ,2003-12-28:K 3.1-;*K 01-(6 32.01% 600%46.50%,FOKfCV!n,KFO1Jk:UJfKFOF 3.1-;*k:UJfKFO 14.20%Fg,CR)CtHK.6 3.2. 3.1n 3.2 2002vv.B%yyLN- HN ,6fCV!n 42.2 100%#FfCV!n 38.78 92.03%APEXfCV!n 38.3 90.90%$ :WindCtAH=+e )?CR4WFJ0JA11. 3.1 fCV!n,5.$ :WindCtAH=+e ) 3.2. 3.1-;*XKK APEXvFJE#1y4/!F-FCV!nv_Z8# 20052X APEX(=;,!P!nQE 4.75s8A1F 40sFZN,COAK) APEX,F1DQN!P!nACV7WG,#FfCV!n=7-&,f_-A-1J)F4:U,CtHK.,k?3PX#FK0K,NL3.2 +XA!jA+a+XAX-LuChC51CACtH=FJ1y+X_)X-LuChC#+X,0jG?,f?8#A- WTOA-)FChCJXHN? 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