for administrating the risks and in assessing hedge effectiveness. Risk means possible uncertainty regarding cash flows … article emphasizes that possible financial risk in international business, like as price risk, credit risk, risk of liquidity …

part of many derivative trading desks’ day-to-day activities and the need of accurate pricing, efficient hedging strategies … counterparty credit risk management to the derivatives contracts. Today, managing counterparty credit risk has become an integrated … and most have a dedicated trading desk dynamically hedging their CVA. However, if pricing techniques have become standard …

carry very important consequences in derivative’s trading and risk management, such as, for example, basis risk … plus a 3x6 months Forward Rate Agreement (FRA), and that Libor was a good proxy of the risk free rate required as basic … managing even a single plain vanilla Swap. In this qualitative note we review the problem trying to shed some light on this …

The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected … sets of webs. The risk scalar has been presented both for each separated subsidiary as well as for the group itself. It was … shown the risk profile of the group could be aggregated into a single value, and some consequences of that attribute was …

increases with time horizon. Overall, the impact of exchange rate risk on stock prices and cash flows is similar and determined …

The rationales for corporate risk management are examined from the point of view of the theory of finance and of key … stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be …

Using a sample of 6,888 non-financial firms from 47 countries, we examine the effect of derivative use on firms’ risk … the use of financial derivatives reduces both total risk and systematic risk. The effect of derivative use on firm value … could account for the mixed evidence in the literature on the effect of hedging on firm value. …

This paper describes theoretical motivations for corporate risk management activities and empirical evidence provided … by different scholars on such rationales. These theoretical considerations can be extended also to the new risk … management practices such as enterprise risk management. Based on modern financial theory’s assumption that markets are perfectly …