JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2008, Vol. 21 ›› Issue (4): 20-25.

• 论文 • Previous Articles     Next Articles

The Application of Swap on an Enterprise's Stock Management

WU Chun-jie, WANG Dong-yue   

  1. School of Public Administration, Beijing University of Aeronautics and Astronautics, Beijing 100191, China
  • Received:2007-07-11 Online:2008-12-25 Published:2010-05-19

Abstract:

With the gradual maturity of the financial market, many kinds of finan cial technologies have been developed at full speed. Many financial tools have b een applied not only in financial market, but also in other fields. This paper g oes from the prospective of finance and uses swap, a basic financial derivative tool, to give a new method to the stock management in an enterprise. During the research,we found that all the former methods go from the prospective of cost a nd try to give a minimized management method. But they ignore the risk of the st ock, especially the price risk in the market. But this one has been a very impor tant factor of the stability in operation of an enterprise.

Key words: swap, stock management, risk elusion, profit

CLC Number: