A New Role for Financial Derivatives in Risk Management

被引：0
|
作者：
Chin Bun Tse
机构：
[1] Lecturer in Finance and Accounting,
[2] Management Centre,undefined
[3] University of Leicester,undefined
来源：
Risk Management | 2000年 / 2卷 / 1期
关键词：
Risk management; financial derivatives; signalling;
D O I：
10.1057/palgrave.rm.8240039
中图分类号：
学科分类号：
摘要：
The traditional role of financial derivatives is either to hedge financial risks or to speculate. This paper suggests that with the enforcement of the new Financial Reporting Standard 13, Derivatives and Other Financial Instruments: Disclosures, the process of hedging risk via financial derivatives has become an important new tool for minimising information asymmetry between investors and management. As a result investors can arrive at an estimation of a firm's value that is closer to its intrinsic value.
引用
收藏
页码：39 / 48
页数：9
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