Corporate hedging : hedging with financial derivatives among Singapore-listed non financial firms.
In this paper, we examine existing literature and conduct statistical analysis among 445 value-maximizing SGX Mainboard-listed Singaporean corporations, in order to understand why Singaporean companies hedge against currency and interest rate risks using financial derivatives. With the relatively tr...
محفوظ في:
| المؤلفون الرئيسيون: | , , |
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| مؤلفون آخرون: | |
| التنسيق: | Final Year Project |
| اللغة: | English |
| منشور في: |
2010
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://hdl.handle.net/10356/35451 |
| الوسوم: |
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| المؤسسة: | Nanyang Technological University |
| اللغة: | English |
| الملخص: | In this paper, we examine existing literature and conduct statistical analysis among 445 value-maximizing SGX Mainboard-listed Singaporean corporations, in order to understand why Singaporean companies hedge against currency and interest rate risks using financial derivatives. With the relatively transparent accounting system for use of derivatives among Singaporean
companies, we were able to obtain useful information for our study. In researching this topic, we hope to achieve the following objectives:
1. Identify the Singaporean companies that engage in corporate hedging using financial
derivatives and classify them according to industry and risks hedged;
2. Find out why these companies use financial derivatives to hedge against currency and interest rate risks; and
3. Test if these companies are effective in satisfying the reasons for hedging, through
identifying measurable indicators of success for each reason. |
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