The Use of Derivatives in Italian Smes: How to Avoid New Mistakes
15 Pages Posted: 25 Apr 2006
Date Written: June 2005
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: Suggested Citation