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R>1. The definitions and types of the currency hedging
Currency Hedging refers to futures trading for preventing spot price risk. It divided into two types: short hedging and long hedging.
Short hedging refers to sell a futures contract to hedge hedging risk to achieve to Currency Hedging. For example, companies sell shipment in January, and will get receivable account $100 million in June. Due to company is unable to know the exchange rate on the end of June, the risk of account receivable is quite large. In order to reduce the risks, the company signs the futures contract in January which exchanging assets. That is, company will sell two futures contract in the currency market to guard against risks.
Long hedging refers to purchase a futures contract to hedge hedging risk to achieve to Currency Hedging, For example, the company imported goods in January and it will pay at the end of June. Due to company is unable to know the exchange rate on the end of June, so the risk of payment is quite large. To reduce the risks, the company signs the futures contracts in January .that is, company will purchase three futures contract in the currency market to guard against risks.
2. The principles of currency hedging
There are two basic principle of currency hedging. First, a movement of same commodity futures and spot price is similar. The spot market and futures market is two independent markets, but because cash price and the futures price is in the same market environment, and suffer the same economic factors of influence and restriction, two market price trends is same. As a hedging of enterprise, because it is buyer in a market and a seller in the other market, it can offset price difference to achieve the desired goal. Second, the same commodities have convergence. As we know, the futures markets have trading regulations. A future trading is approaching, if futures and spot price both uniformity, it will appear arbitrage opportunities.
3. The state of currency hedging in the foreign exchange market of China
Financial globalization is inevitable in the global phenomenon, as a big developing country China also gradually get into financial liberalization. With rapid development of modern finance, Chinese enterprises have increased rapidly in quantity, but Chinese enterprises in hedging aspect lag behind from abroad. Analysis of the causes are as follows: due to the operator only know with traditional method, the business managers are still lack of knowledge; entrepreneurs cannot accept the modern financial security system, therefore it  is not very good use of hedging; currency futures and short-term prediction is very difficult, if not, it cause forecast.

Market value of the Multinational Corporation 
From quantitative indexes aspect, it includes risk-free asset investment returns, the expected rate of portfolio investment returns, which positively correlated enterprise market value by net assets yield, total asset turnover and earnings per share. From the qualitative index aspect, enterprise market value includes include capital, technology development, geographical location, customers, product market situation and future development, etc. The market price of the product is the main factor of influence. Take product for example, natural disasters can cause food processors, agricultural production buy products with high price which will effect price of then indirect influence enterprise market value.本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。