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1、Analysisofimprovingenterpriseriskmanagementlevelbyhedging（浅析以套期保值提升企业风险管理水平）Analysisofimprovingenterpriseriskmanagementlevelbyhedging[Abstract]thispaperfocusesontheimplementationofthefeasibilityofhedging,hedging,hedgingtheessenceandfunctionofprinciplesandm
2、ethods,theuseofhedgingtoenhancetheriskmanagementlevelofenterpriseandotheraspects.Keywords:hedging,riskmanagement,riskaversion,resourceallocation,corecompetitivenessAsanewtypeofhedgingtransactions,withthebasicfunctionsoftheenterpriseeffectivelyavoidrisks,in
3、dicatingthatdomesticandforeignenterprisespractice,rationaluseofhedging,hedgingandassetriskpreventionscience,canhelpenterprisesavoidtheinternationalmarketpricevolatilityrisk,achievesteadydevelopment.I.thenatureandfunctionofhedging1,thenatureofhedgingHedging
4、referstofuturestradingwiththeaimofavoidingtheriskofspotprice.Enterprisestocarryouthedging,thefuturesmarketasthetransferpriceriskplaces,usingfuturescontractsasatemporarysubstituteforthefuturesaleofcommoditiesinthespotmarket,thebuynowbutafterthepreparationof
5、goodssoldorinthefutureneedtobuycommodityprice"locked"tradingactivities.Inaword,theessenceofhedgingis"hedging"and"risktransfer".Fromtheaccountingperspective,hedgingcanalsobeinterpretedas:enterprisestoavoidforeignexchangerisk,interestraterisk,commoditypricer
6、isk,stockpricerisk,creditrisk,specifyoneormorehedgingtools,thehedginginstrumentchangesinfairvalueorcashflow,expectedtooffsetthehedgeditemofallorpartofthefairthevalueorchangesincashflow.Thus,thehedgingisdividedintothreecategories,namely,fairvaluehedging,cas
7、hflowhedgingandoverseasoperatingnetinvestmenthedging.(1)afairvaluehedgingistodeterminethecommitmenttoarecognizedassetorliabilityorhasnotbeenconfirmed,ortheassetorliabilityhasnotyetconfirmedtheidentifiablechangesinfairvaluehedgingriskpartofthecommitment.Suc
8、hvaluechangesarisefromaspecificriskandwillaffecttheprofitsandlossesofanenterprise.(2)cashflowhedgingreferstothehedgingoftheriskofchangesincashflow.Themovementsincashflowsarisefromcertainrisksassociatedwiththe
