Research On Foreign Exchange Risk Management Of S Company From The Perspective Of Dynamic Capabilitie

Since China adopted market-oriented approach to exchange rate management,the two-way fluctuation trend of RMB has become more and more obvious.Due to the impact of COVID-19,the fluctuation of foreign exchange rate is further affected by the policy,and the difficulty of predicting exchange rate fluctuation is also deepened,and the foreign exchange risk level of Chinese enterprises is also more and more noteworthy.In this context,more and more enterprises have begun to consciously use foreign exchange management methods for risk hedging.However,hedging foreign exchange risk is a complex process Different companies may face different foreign exchange risks,as well as different types of risks that need to be hedged.Therefore,through the research on the foreign exchange risk management of S Company,this thesis tries to draw the key measures that should be taken to hedge the risk at present and give relevant suggestions,as well as provide relevant reference opinions for other similar enterprisesBased on foreign-related enterprises S company as the research object,from the perspective of dynamic capabilities combined with analytic hierarchy process(ahp)to study the foreign exchange risk management of S company.The main content of the full text includes four parts.First of all,collect relevant literature,the foreign exchange risk,dynamic capabilities,analytic hierarchy process(ahp)was reviewed;Secondly introduces the relevant situation of S company,identification of company S exist different types of foreign exchange risk;Third,from the perspective of dynamic capability,select the foreign exchange risk factors related to S company and use the analytic hierarchy process to carry out the input analysis,and determine the criteria level and the scheme level respectively.Through the analysis,it is concluded that the most influential type of foreign exchange risk for S company is transaction risk,and its risk evaluation value is 84.1832,which is already at a high risk level.Among the trading risks,the scheme level that has the greatest impact on the foreign exchange risk is the reasonableness of the use of financial derivatives;Finally is the company S foreign exchange risk identification and assessment results,from the Angle of the dynamic capability of S company’s foreign exchange risk management related Suggestions are put forward.In the face of complex foreign exchange risks,we need to focus on hedging transaction risks,and also pay attention to the impact of accounting risks and economic risks.In combination with the current risk response of Company S,we put forward the following suggestions: broaden financing channels,reasonably adjust the aging of receivables Make reasonable use of national policies,establish risk early warning system for overseas companies,establish risk assessment departments,strengthen information construction in risk management and control,improve inventory budget management system,and improve the reasonableness of business layout.