Interest Rate Risk Management in Major Finnish Firms
调查芬兰大型企业的利率风险管理实践，发现企业倾向于规避风险，但套期保值决策受市场观点影响，常用利率互换和远期利率协议，且风险管理成功但很少对标明确基准。
The interest rate policies of Finnish firms appear risk aversive, but hedging decisions are influenced by market view. Managers find they can forecast trends in interest rate development, and employ the forecasts in the choice of debt and hedging instruments. The use of risk assessment methods and hedging instruments are related to firm size but not to leverage. Most frequently employed hedging instruments are interest rate swaps and forward rate agreements. The respondents find their firms' interest rate risk management is successful, but performance is seldom measured against an explicitly defined benchmark.