Case Analysis on Derivatives Trading by Enterprises:Lessons and Risk Management Strategy

摘要：

　　Through research on the recent cases of big loss suffered by Chinese enterprises when they conduct derivatives trading activities, the paper investigates the main content of those derivate agreements and the reason of occurrences of great losses.Then the paper concludes the main characteristics of complex derivatives.In the end the paper puts forward the advices on how to avoid risk of derivatives trading such as adhering to traditional effective business model, reinforcing corporate governance, choosing appropriate instruments, limited involvement, and seeking professional third party consultations, etc.

关键词： Derivatives Risk management Hedging Corporate governance

作者: Wang Zhiwei Wang Fangfang

作者单位: School of Financial Management Shanghai Institute of Foreign Trade, Shanghai, P.R.China 201620

会议类型: 国际会议

会议名称: The 5th Conference on Chinas Economic Operation Risk Management(2011`Shanghai)(第五届中国立信风险管理论坛)

会议地点: 上海

会议语种:英文

页码: 290-298

在线出版日期: 2011-11-04（万方平台首次上网日期，不代表论文的发表时间）