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

Emira Kozarevic (), Izudin Kesetovic (), Meldina Kokorovic Jukan () and Beriz Civic ()
Additional contact information
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

Economic Review: Journal of Economics and Business, 2012, vol. 10, issue 2, 59-72

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.

Keywords: use of derivatives; financial risk management; companies; Bosnia and Herzegovina (B&H) (search for similar items in EconPapers)
JEL-codes: G21 G32 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ef.untz.ba/images/Casopis/Novembar2012/Paper5.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tuz:journl:v:10:y:2012:i:2:p:59-72

Access Statistics for this article

Economic Review: Journal of Economics and Business is currently edited by Zijad Dzafic

More articles in Economic Review: Journal of Economics and Business from University of Tuzla, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Senad Celikovic ().