期刊文献+

我国金融衍生工具在汇率风险管理中的作用

下载PDF
导出
摘要 自汇改以来,人民币以一篮子货币为参考,实行有管理的浮动汇率制。近年来,人民币兑美元汇率波动加大,汇率风险是企业外部风险的重要组成部分。文章简要回顾了学者关于衍生工具在汇率风险管理中的作用,然后从我国汇率风险管理现状出发,说明几类衍生工具在汇率风险管理中的作用,并从正反两个方面分析金融衍生工具的利弊,最后总结。
作者 景国莉
出处 《商场现代化》 2018年第21期103-104,共2页
  • 相关文献

二级参考文献32

  • 1Modigliani,F. , M. Miller. The Cost of Capital, Corporate Finance and the Theory of Investment[J]. AmericanEconomic Review, 1958, (3) : 261-297.
  • 2Smith, C. W. , R. M. Stulz. The Determinants of Firms' Hedging Policies[J]. Journal of Financial and Quantita tire Analysis,1985,(4):391 405.
  • 3Stulz, R. M. Rethinking Risk Management[J]. Journal of Applied Corporate Finance, 1996, (3):8-24.
  • 4Froot, K. A. , D. S. Scharfstein, J. C. Stein. Risk Management:Coordinating Corporate Investment and Finan- cing Policies[J]. Journal of Finance, 1993, (5) : 1629-1658.
  • 5DeMarzo,P. M. ,D. Duffle. Corporate Incentives for Hedging and Hedge Accounting[J]. Review of Financial Studies, 1995, (3) : 743-771.
  • 6Allayannis,G. S. ,J. P. Weston. The Use of Foreign Currency Derivatives and Firm Market Value[J] The Re view of Financial Studies, 2001, ( 1 ) : 243-276.
  • 7Hagelin, N. Why Firms Hedge with Currency Derivatives: An Examination of Transaction and Translation Ex- posure[J]. Applied Financial Economics, g003, ( 1 ) : 55-69.
  • 8Clark,E. ,A. Judge. Foreign Currency Derivatives versus Foreign Currency Debt and the Hedging Premium [J]. European Financial Management, 2009, (3) : 606-642.
  • 9Clark, E. ,S. Mefteh. Foreign Currency Derivatives Use, Firm Value and the Effect of the Exposure Profile: Evidence from France[J]. International Journal of Business,2010, (2):183-196.
  • 10Allayannis, G. , U. Lelb, D. P. Millerc. The Use o Foreign Currency Derivatives, Corporate Governance, and Firm Value around the World[J]. Journal of International Economics,2012, (1):65-79.

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部