企业套期保值面临的困境及对策  

The Enterprises Hedging Faces Dilemma and Countermeasure

作　　者：李献刚[1] LI Xian-gang(School of Economics&Management,Yan Cheng Institute of Technology,224051,Yancheng,Jiangsu,China)

机构地区：[1]盐城工学院经济管理学院,江苏盐城224051

出　　处：《特区经济》2021年第12期119-122,共4页Special Zone Economy

基　　金：江苏省盐城产业经济研究院2021年度研究基金资助项目“:保险+期货”模式融入盐城农业发展的路径。

摘　　要：在新冠肺炎疫情逐步缓解的情况下,世界经济开始不断复苏,实体企业的生产需求明显增加,大宗商品迎来了一轮涨价潮,有些品种创出了历史新高,部分品种在步入历史高位后,价格波动明显加剧。原材料价格的大幅度波动对生产制造企业造成了很大冲击。一些实体产业从规避风险的角度出发,从产业上游、中游到终端,不得不重视套期保值工作。套期保值是企业规避大宗商品价格剧烈波动的最理想的风险管理工具。通过套期保值,可以改变企业的被动性,使企业主动控制生产成本,锁定利润。本文通过对套期保值相关理论的回顾,分析了大多数实体企业在套期保值过程中面临的一些困境,建议企业在套期保值过程中应该制定一套详细周密的套期保值方案并严格执行,同时完善套期保值绩效的评价体系,也可以选择与第三方进行合作等方式来提高套期保值效果。With the progressively ease of COVID-19 pandemic, the global economy continues to recover. Demand has increased significantly and commodities have ushered in a wave of rising prices, with some varieties entering an all-time high, volatility exacerbating. The large fluctuation of raw material prices has a great impact on manufacturing enterprises. Some entity industries proceed from the perspective of avoiding risks,from upstream, midstream to terminal, have to pay attention to hedging. Hedging is the most ideal risk management tool for enterprises to avoid the sharp fluctuation of commodity prices. Hedging can change the passivity of enterprises, enabling enterprises to initiatively control production costs and lock in profits.Through the review of hedging related theories, this paper analyzes some difficulties faced by most entity enterprises in the process of hedging, suggesting that enterprises should formulate a detailed and thorough hedging scheme and strictly implement it in the hedging process, meanwhile, to perfect the evaluation system of hedging performance, can also choose to cooperate with a third party to improve the hedging effect.

关 键 词：套期保值 大宗商品价格 风险管理 

分 类 号：F426.86[经济管理—产业经济]