A survey into the use of derivatives by large non‐financial firms operating in Belgium
调查了比利时大型非金融企业使用衍生品进行风险管理的情况，回答了企业为何套期保值、管理哪些风险、使用哪些衍生品等问题，为欧洲大陆提供了实证证据。
Empirical evidence on the use of derivatives for risk management on the European continent is virtually non‐existent. To fill this gap, our survey documents the usage of derivatives by non‐financial large firms operating in Belgium. This paper provides descriptive evidence with respect to several questions that are raised in the literature. Why do firms hedge? Which financial risks are being managed? How widespread is the use of derivatives? Which derivatives are used for which purposes? How is a risk management policy implemented? How are performance measurement and reporting structured?