我國企業衍生金融工具風險管理研究(PDF 68頁)

Toc3401 64038Chinese abstract?1
Abstract??????．．3
Chapter 1 Introduction??????．5
1．1 The background and significance oftopics?????5
1．2 Reviews??7
1．2．1 Usage ofderivatives in corporations7
1．2．2 Financial risk management??．．9
1．2．3 Management ofderivatives’risk ofcorprations?????．10
1．2．4 Reviews Commentary．．．．．．?．．．．．．．??．．．．．?．．．．．．．．??．?．?．．．．．．．?????．．1 1
1．3 Reserch methods and structural arrangements??．．12
1．4 Inovations???．．．．．．?．．???．?．．．．???．．?．．．．．．．．?．．14
Chapter 2 Overview ofthe theory ofderivatives and risk management．．．．．．．．．．．．．．．．．．．．．．．．．15
2．1 Theory ofderivatives?．．15
2．1．1 Defination，category and function ofderivatives????．．15
2．1．2 Risk ofderivatives and也eir characteristies．17
2．2 Theory of financial risk management．?．?．???．?．??．．?．??．???．?．?．?．22
2．2．1 Theory ofportfolio?．??．?．??．．?．?．??．??．??．?．?．22
2．2．2 Theory ofCAPM and APT??23
2．2．3 Black-Scholes Model????一23
2．2．4 Theory ofVaR?．24
2．2．5 Theory ofTRM and ERM??．24
2．3 Theory ofERM????．25
2．3．1 Connotation ofEI洲?????26
2．：；．2 Elements ofERM??????．．27
2．3．3 Relationship between targets and elements?．?．??．??．?．????．?．．29
Chapter 3 Overview ofthe usage ofderivatives ofChinese corporations．．．．．．．．．．．．．．．．．．．．．．30
3．1 The rapid development ofderivatives in China??．．．．．?????．30
3．2 The increasing application ofderivatives ofChinese corporations??????．31
3．3 The existing problems in the usage ofderivatives ofChinese corpomtiom．．．．．32
III
山東大學碩士學位論文
Chapter 4 Case Analysis ofChinese co叩。均廿ons’ERM ofderivatives?．35
4．1 Eastern Airlines fuel hedging Case Study?????35
4．I．1 Case Background35
4．1．2 Trading strategy analysis ofderivatives??．36
4．1．3 Cause analysis．based on the me of derivative and ERM perspectives 38
4．2 CITIC Pacific foreign exchange contracts Case Study?．?????．．?．??．?．．41
4．2．I Case Background?．?????．．41
4．2．2 Trading strategy analysis of derivatives??．42
4．2．3 Cause analysis．based on the use of derivative and ERM perspectives 45
Chapter 5 The problems and countermeasures of Chinese corporations’ERM of
derivatives?．???．49
5．1 The problems in Chinese co印ora：tioIls’ERM ofderivatives??．49
5．1．1 ERM system have defects??．49
5．1．2 The motive ofspeculative in derivative transactions??．．50
5．1．3 Lack ofsupervision about derivative transactions????51
5．1．4 Lack ofprofessionals versed in derivatives．52
5．2 The countermeasures to improve Chinese corporatiom’ERM of derivatives．．52
5．2．1 Improve the ERM system．．．．．?．．．．．．?．．．．．?．．．．．．．．．．．．．．???”53
5．2．2 Strictly adhere to the basic principle ofhedging?????57
5．2．3 Improve derivative transactions regulatory policy????57
5．2．4 Strengthen the professional talent pool of derivatives??58
Re{．erences????．．59
Acknowledgements63
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