企业使用金融衍生产品的国际现状、动机及对公司价值的影响

本文主要对各国公司使用金融衍生产品的现状进行分析和国际比较,结合西方财务学界有关该领域的理论和实证检验的成果,分析和阐述公司使用金融衍生产品的动机和金融衍生产品运用对公司价值的影响等问题。在此基础上提出相关的政策建议。文章的结论可以为我国金融管理当局、证券市场和上市公司等实践活动提供理论依据。

Enterprises using financial derivatives' international present situation,motivation and its influence on company value

The paper analyses and compares the situations of using derivatives in all kinds of countries.Connecting with the theories and results of empirical study in west financial domain.It analyses the using motivations of companies and explains to the effects about the companies' value because of using derivatives.By this,writers supply some advice.The paper's conclusions may be used in the theory bases of operations of financial department,security markets and companies.