论文部分内容阅读
去年秋冬之际,中国航油(新加坡)股份有限公司(简称“中航油”)在国际石油衍生产品交易中亏损了5.5亿美元,成为近年来我国国有企业在海外投资的最大败笔,由此引发了各界对其财务治理、风险控制及出资监管诸多方面的重重疑窦。从现代企业制度框架下财务治理的视角来审视中航油事件所演绎的金融衍生工具的悲剧,无疑将会为企业提供一些有益的反思和警示。
Last fall, China Aviation Oil (Singapore) Co., Ltd. (“CAO”) made a loss of 550 million U.S. dollars in international oil derivatives transactions, making it the biggest failure of China’s state-owned enterprises to invest overseas in recent years. As a result, All walks of life on its financial governance, risk control and investment supervision of many aspects of the numerous doubts. Examining the tragedies of financial derivative instruments deduced from the CAO incident from the perspective of financial governance under the framework of the modern enterprise system will undoubtedly provide some useful reflections and warnings for the enterprises.