The Use of Derivatives in Italian Smes: How to Avoid New Mistakes

15 Pages Posted: 25 Apr 2006

See all articles by Cesare Conti

Cesare Conti

Bocconi University - Department of Finance

Emanuele Facile

affiliation not provided to SSRN

Date Written: June 2005

Abstract

This article explores the recent diffusion of derivatives in Italian SMEs. It focuses on the main causes of a number of critical situations and on some guidelines to possible resolutions. It also analyses the scope and limits set by recent legislation on derivatives in the balance sheet and on financial risk disclosure, with particular regard to the emerging role of "supplementary" disclosure.

Keywords: derivatives, corporate financial risk management, IAS 39, financial market risk

JEL Classification: G3, G32, G34

Suggested Citation

Conti, Cesare and Facile, Emanuele, The Use of Derivatives in Italian Smes: How to Avoid New Mistakes (June 2005). Available at SSRN: https://ssrn.com/abstract=896902 or http://dx.doi.org/10.2139/ssrn.896902

Cesare Conti (Contact Author)

Bocconi University - Department of Finance ( email )

Via Roentgen 1
Milano, MI 20136
Italy

Emanuele Facile

affiliation not provided to SSRN ( email )

No Address Available

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