tailieunhanh - Lecture Multinational financial management: Lecture 29 - Dr. Umara Noreen

In this section firms are asked to identify the objective they try to achieve by using derivatives and they can make a multiple choice among minimizing the volatility in accounting earnings, minimizing the volatility in cash flows etc. | Derivatives Usage in Risk Management by Non-Financial Firms: Evidence from Greece By Spyridon K. Kapitsinas PhD Center of Financial Studies, Department of Economics, University of Athens, Greece Introduction Despite the fact that derivatives are financial instruments with a long history, it is only the last two decades that a substantial increase in their application is observed. The information concerning the extent and the aspects of corporate derivatives usage is limited. Introduction The main reason is that the disclosure of the use of derivatives was not mandatory until recently. It has been considered for years a competitive corporate advantage of a strict, confidential character. Introduction This one-sided presentation of derivative contracts during the past have increased the importance of this information. In the mid 90s, a series of surveys took place in the United States dealing with the use of derivatives by non-financial firms. This type of survey based on a . | Derivatives Usage in Risk Management by Non-Financial Firms: Evidence from Greece By Spyridon K. Kapitsinas PhD Center of Financial Studies, Department of Economics, University of Athens, Greece Introduction Despite the fact that derivatives are financial instruments with a long history, it is only the last two decades that a substantial increase in their application is observed. The information concerning the extent and the aspects of corporate derivatives usage is limited. Introduction The main reason is that the disclosure of the use of derivatives was not mandatory until recently. It has been considered for years a competitive corporate advantage of a strict, confidential character. Introduction This one-sided presentation of derivative contracts during the past have increased the importance of this information. In the mid 90s, a series of surveys took place in the United States dealing with the use of derivatives by non-financial firms. This type of survey based on a questionnaire was later undertaken in many European countries. Introduction In order to examine the extent and the methods that non-financial firms in Greece adopt in managing the risks, a survey was undertaken. This survey sets questions concerning the motives of derivatives use, the risk management approach across risk classes, the major concerns of derivative users. Introduction The timing of the survey is not negligible, since it is directly related to the adoption of the IFRS of the firms listed in the Athens Stock Exchange . According to IFRS 32 and IFRS 39 which deal with the measurement and presentation of financial instruments, firms must declare whether they use derivatives for trading purposes or for hedging risks. Introduction At the same time in the notes to the financial statements firms must disclose the extent of risks they are exposed to and the amount of risk that has been shifted to third parties through hedging. This survey fills a gap of many years since the last .

• Tài chính doanh nghiệp
• Multinational financial management
• Financial management
• Lecture Multinational financial management
• Cash flows
• Multiple choice
• Multinational capital budgeting
• Capital structure
• Multinational cost of capital
• Multinational cost
• Capital budgeting analysis
• International project
• Costs of capital
• Country risk analysis
• Multinational corporation
• Capital budgeting
• International financial reporting standards
• Foreign exchange risk management
• International cash management
• Cash flow analysis
• Centralized cash management
• Lesson International financial management
• International financial management
• Globalization Multinational Firm
• The Multinational Firm
• Multinational Corporations
• Foreign Exchange Risk
• Quản lý tài chính
• Quản lý tài chính đa quốc gia
• Multinational finance
• Finance careers
• Optimizing cash flows
• Investing excess cash
• Management control
• Corporate control
• MNCs Financial Management
• Goals of MNC
• The rise of the MNCs
• Internationalization of Business
• Multinational Financial Management Theory
• International equity markets
• Measures of liquidity
• Market structure