Research on Options and Enterprise Financial Risk Management

Author: Huang Benyao
Publisher:
Publish Date: 2003-06-01
Features: Options are financial instruments used to hedge business risks caused by fluctuations in exchange rates and interest rates. China's capital market is currently underdeveloped, and the derivatives market has not yet formed, leaving companies with a lack of financial risk management tools. Therefore, it is crucial to systematically analyze and discuss the financial risks and management tools of Chinese enterprises, drawing on advanced experiences both theoretically and practically. This book, with its forward-thinking, systematic, and practical approach, plays a positive role and holds significant importance in promoting China's derivatives market. The book is divided into two parts: the first part systematically introduces the basic knowledge of options and delves into the pricing methods of options; the second part focuses on the application of options in corporate financial risk management, analyzing them from four perspectives: options and financing risk management, options and investment risk management, options and foreign exchange risk management, and options and revenue distribution risk management. It also examines the current state of China's options market and proposes corresponding policy recommendations to address issues in the practice of convertible bonds and executive stock options in China.