The impact of oil price and exchange rate fluctuation for the enterprise

• Main Authors: Lily Kuo, 郭麗莉
• Other Authors: David S. Shyu
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/71066457212770491495

碩士 === 國立中山大學 === 財務管理學系研究所 === 94 === Abstract The competitiveness of enterprises improves and lies in exploring, analyzing and solving the problem constantly, to keep and build an environment suitable for long term management. This research aims to discuss the profit factors which deeply influence the enterprise, let the case company understand the possible income statement faced in the future after analyzing, and reduce the risk of management by preparations in advance. To the case company, there are two main factors which influence profitability - oil price and the exchange rate of new Taiwan dollar to U.S. dollar. This research makes an analysis, do a prediction and judge to the future price trend. The crude oil has already stepped into high price era, and it is predicted to last for a while. Regardless the main reason that the oil-producing country has tasted the wealth that the high oil price has brought, the demand for crude oil is increasing constantly in China, and the high oil price doesn’t bring great damage to the economy growth and inflation of the global, all sorts of signs show that high oil price will not be discontinued, and the exchange rate of new Taiwan dollar to U.S. dollar depends on the currency policy of U.S. dollar and the development of Taiwan’s economy. And because the ability of consume is still strong constantly in the U.S., the Taiwan’s policy to China has been indistinct as well, all enterprises are full of uncertainty to the future. Those factors influence the economy in Taiwan, thus the long-term pressure of exchange rate appreciation slackens relatively .It is unavoidable to fluctuate in a short time, when the hot money is passed in and out the stock market recently , the fluctuation becomes increasing and violent. But on long terms, in order to maintain the competition advantage for Taiwan exports, the possibility of wide range fluctuation on exchange rate is small. Finally, in order to seek the stable development for case company in the future , they issues new stock to raise the capital in secondary market and invest to the relative enterprises to obtain raw materials , so it is another main purpose of this research to evaluate rational value of new shares for reference.