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| Title: | 國際貿易下之非信用狀交易實務與風險規避:從台灣出口廠商之角度探討
International trade practice and risk aversion of Non-LC trading from the perspective of Taiwanese exporters |
| Authors: | 王威凱
Wang, Kevin |
| Contributors: | 吳文傑
Wu, Jack
王威凱
Wang, Kevin |
| Keywords: | 國際貿易實務
非信用狀交易
風險規避
台灣出口廠商
International Trade Practice
Risk Aversion
Non-LC Trading
Taiwanese Exporters |
| Date: | 2010 |
| Issue Date: | 2012-04-17 09:13:21 (UTC+8) |
| Abstract: | Taiwan, an island with outstanding economic miracle, has deeply depended on international trades to increase economic growth and national wealth. There are many successful companies, including listed enterprises and SME, manufacturing and marketing Made-in-Taiwan products all over the world through international trade and commerce. Therefore, undoubtedly the power international trade is one of our strength and plays a key role on stimulating economy as well as elevating the living standard of people. .
To compete with other international exporters, Taiwanese exporters must provide not only products with good quality and reasonable price, but also offer competitive payment terms to further strive for new clients and strengthen individual competitiveness. This is a recent trend of International Trade. From the risk-free payment term, such as- T/T Advance to O/A 90 days after shipment, Taiwanese exporters suffered both political risk and credit risk. Not to mention cash flow risk and exchange rate risk that normally appears during transaction.
Remembered financial crisis in 2007, market failed and malfunctioned at that time. As for corporate side, individual companies faced difficulties of continuously operation. Some even seriously went bankruptcy during that time. In this circumstance, Taiwanese exporters, even successfully won the orders, could not receive the payment on time from foreign buyers. Some of them may even suffered huge loss because of intentional disputes or buyer’s closedown. Therefore, it goes without saying that risk aversion is becoming an important issue for Taiwanese companies to survive.
There would be three major financial tools being introduced for risk aversion with three case studies. Each of them has its special features and functions by different needs. How and why does Taiwanese exporter choose and leverage for risk aversion will be explained and discussed. The purpose of this paper is to find out the solutions for Taiwanese exporters to reduce risk of international trade as well as increase competitiveness in the foreign trade and grow the economy as contribution in the long run. |
| Reference: | ◎ Huang, D.B. (2004), The Trap and Risk Aversion of L/C Trade. GreatBooks Co. Ltd.
◎ Huang, D.B. (2006), The Practice and Risk Aversion of Non L/C: T/T.O/A.D/A.D/P. GreatBooks Co. Ltd.
◎ Tsai, M.J. (2007), Case Studies of Trade Business. Importers and Exporters Association of Taipei.
◎ George L. Evans, Jr., Vice President (2008), The Five P`s of Credit Analysis, Hampden Bank
◎ Baxter,M.,Kouparitsas, M.A.(2000) What Causes Fluctuations in the Terms of Trade?, NBER Working Paper7462
◎ Harberler,G.,A (1955) Survey of International Trade Theory, Princeton: International Finance Section
◎ Chul Chun (2007), Technological Progress, term of trade, and monopolistic competition, international Economic journal
◎ UNCTAD，Trade and Development Report，2002,2005
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◎ 2010 Annual Report of The Export-Import Bank of the Republic of China
◎ 2009 Annual Report of The Export-Import Bank of the Republic of China
◎ 2008 Annual Report of The Export-Import Bank of the Republic of China
◎ 黃頌斌 編著，託收方式(D/P、D/A)輸出綜合保險與我國出口貿易關係之研究，全錄出版業有限公司，民國80年7月。
◎ 張錦源 編著，國際貿易實務詳論，三民書局股份有限公司，民國99年2月。
◎ 余森林 編著，國際貿易實務，大中國圖書公司，民國94年8月 |
| Description: | 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
98933020
99 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0098933020 |
| Data Type: | thesis |
| Appears in Collections: | [國際經營管理英語碩士學程IMBA] 學位論文
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| 302001.pdf | 836Kb | Adobe PDF2 | 1570 | View/Open |
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