THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA

The main objective of this paper is to determine the scope of the use of derivatives by companies in BiH for specific purposes of financial risk management. The aim is to provide a comparative analysis with companies from Slovenia and Croatia in order to determine if companies in BiH use the hedgin...

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Main Authors: Emira Kozarević, Izudin Kešetović, Meldina Kokorović Jukan, Beriz Čivić
Format: Article
Language:English
Published: Faculty of Economics, University of Tuzla 2012-11-01
Series:Economic Review
Subjects:
Online Access:http://er.ef.untz.ba/index.php/er/article/view/171
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author Emira Kozarević
Izudin Kešetović
Meldina Kokorović Jukan
Beriz Čivić
author_facet Emira Kozarević
Izudin Kešetović
Meldina Kokorović Jukan
Beriz Čivić
author_sort Emira Kozarević
collection DOAJ
description The main objective of this paper is to determine the scope of the use of derivatives by companies in BiH for specific purposes of financial risk management. The aim is to provide a comparative analysis with companies from Slovenia and Croatia in order to determine if companies in BiH use the hedging instruments appropriately, and to suggest possible improvements of their practices for managing financial risks. The basic goals of the paper are to explore if companies in BiH use derivatives for risk management purposes to the same extent as Slovenian and Croatian companies and to determine if BiH companies properly hedge their financial risks. The paper also aims to give suggestions to BiH companies for improvements of their risk management practices in order to ensure more efficient and effective financial risk hedging by using derivatives, primarily available through banks on BiH financial markets.
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issn 1512-8962
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language English
publishDate 2012-11-01
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record_format Article
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spelling doaj-art-d1f7b331473a49be8f6d620a19aa612f2025-02-10T00:31:27ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2012-11-01102THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINAEmira Kozarević0Izudin Kešetović1Meldina Kokorović Jukan2Beriz Čivić3Faculty of Economics, University of Tuzla, Bosnia and HerzegovinaFaculty of Economics, University of Tuzla, Bosnia and HerzegovinaFaculty of Economics, University of Tuzla, Bosnia and HerzegovinaFaculty of Economics, University of Tuzla, Bosnia and Herzegovina The main objective of this paper is to determine the scope of the use of derivatives by companies in BiH for specific purposes of financial risk management. The aim is to provide a comparative analysis with companies from Slovenia and Croatia in order to determine if companies in BiH use the hedging instruments appropriately, and to suggest possible improvements of their practices for managing financial risks. The basic goals of the paper are to explore if companies in BiH use derivatives for risk management purposes to the same extent as Slovenian and Croatian companies and to determine if BiH companies properly hedge their financial risks. The paper also aims to give suggestions to BiH companies for improvements of their risk management practices in order to ensure more efficient and effective financial risk hedging by using derivatives, primarily available through banks on BiH financial markets. http://er.ef.untz.ba/index.php/er/article/view/171use of derivativesfinancial risk managementcompaniesBosnia and Herzegovina (BiH)
spellingShingle Emira Kozarević
Izudin Kešetović
Meldina Kokorović Jukan
Beriz Čivić
THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
Economic Review
use of derivatives
financial risk management
companies
Bosnia and Herzegovina (BiH)
title THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
title_full THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
title_fullStr THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
title_full_unstemmed THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
title_short THE USAGE OF DERIVATIVES IN FINANCIAL RISK MANAGEMENT BY COMPANIES IN BOSNIA AND HERZEGOVINA
title_sort usage of derivatives in financial risk management by companies in bosnia and herzegovina
topic use of derivatives
financial risk management
companies
Bosnia and Herzegovina (BiH)
url http://er.ef.untz.ba/index.php/er/article/view/171
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