The Budget System of Transnational Investment and its Measuring Model  

作　　者：Hanfang Bo Hailan Liu Xudong Zhou 

机构地区：[1]Shanghai Second Polytechnic University, Shanghai, China [2]Shanghai International Studied University, Shanghai, China

出　　处：《China-USA Business Review》2004年第4期23-35,共13页美中经济评论（英文版）

基　　金：This paper and project is supported by National Natural Science Foundation of China （79970001）.

摘　　要：This paper presents a budget system of transnational investment and its measuring model. In making a capital budget of a transnational corporation＇s direct investment to a foreign country, many economic and financial factors both of the home country and the host country have to be taken into consideration. We divide the budget system into four sub-systems： the original investment sub-system, the project＇s profit ＆ loss plan sub-system, the cash flow budget sub-system and the capital budget evaluation sub-system. In the sub-system of project＇s profit ＆ loss plan, we make four models in accordance with the project＇s process. They are the exchange rate forecast models, the sales forecast model; the cost forecast model and the profit ＆ loss plan model. We inspect the cash flow budget from two angles, i.e. from the parent company＇s angle and from the subsidiary＇s angle. Similarly we also evaluate the whole capital budget both from the project＇s and from the parent company＇s angle. Our research provides a complete measuring model of transnational investment budget system.

关 键 词：budget system transnational investment MODEL 

分 类 号：F276.7[经济管理—企业管理]