FINANCIAL MANAGEMENT MODELS. RESEARCH ON FINANCIAL MANAGEMENT MODELS OF SOME CHINESE OVERSEAS SUBSIDIARIES IN GHANA

      Аннотация: China-Africa bilateral trade dates back centuries ago around 700 AD during the Tang Dynasty era. However, it is interesting to note that for the past fifteen years trade between China and Africa has been on the rise and China can be said to be the major trade partner of Africa. In this partnership with Africa, Ghana the gateway to Africa cannot be left out and for that reason there exist a lot of trade between Ghana and China with some Chines subsidiaries pitching camp in Ghana. Association between the two countries dates back to the 1960s when the countries first established diplomatic relations. In 2011, an incredible growth of 69% equivalent to $3.5 billion was the bilateral trade between China and Ghana. However, the goals and objectives of most organization is to make profit. It is said that “experience is the best teacher” and one can say experience has revealed that the financial management models of most foreign subsidiaries are generally strong vis-?-vis the ever increasing agenda of profit maximization. How the FM Models used by these Chinese subsidiaries in Ghana impacts on the organization was the main objectives of this paper sought out to establish.

Ключевые слова: Financial Management, models, subsidiaries, Oversees