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The Usage Of Derivatives In Financial Risk Management By Companies In Bosnia And Herzegovina

Author

Listed:
  • Emira Kozarevic

    (University of Tuzla, Faculty of Economics)

  • Izudin Kesetovic

    (University of Tuzla, Faculty of Economics)

  • Meldina Kokorovic Jukan

    (University of Tuzla, Faculty of Economics)

  • Beriz Civic

    (University of Tuzla, Faculty of Economics)

Abstract

The main objective of this paper is to determine the scope of the use of derivatives by companies in B&H 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 B&H 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 B&H use derivatives for risk management purposes to the same extent as Slovenian and Croatian companies and to determine if B&H companies properly hedge their financial risks. The paper also aims to give suggestions to B&H 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 B&H financial markets.

Suggested Citation

  • Emira Kozarevic & Izudin Kesetovic & Meldina Kokorovic Jukan & Beriz Civic, 2012. "The Usage Of Derivatives In Financial Risk Management By Companies In Bosnia And Herzegovina," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 10(2), pages 59-72.
    • Handle: RePEc:tuz:journl:v:10:y:2012:i:2:p:59-72
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    Citations

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    Cited by:

    1. Behrouz LariSemnani & Reihaneh Benesloo, 2015. "Ranking of Hedging Tools from the Perspective of Tehran Stock Exchange Investors," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(7), pages 926-940, July.

    More about this item

    Keywords

    use of derivatives; financial risk management; companies; Bosnia and Herzegovina (B&H);
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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