The Study On The Impact Of Useage Of Dericatices On Listed Banks’performance

With the seriously fluctuating of the global commodity prices，interest rates andexchange rates，enterprices produce motives and needs of risk avoding.Because of thedual characters that are leverage effect and low transaction cost of derivatives，whichcan be used to avoid the risk，the using of derivatives in enterprises in the world hasbeen rapid increasing in the past20years. With the deepening of financialglobalization trends，financial derivatives as a widely used risk management tools areincreasingly being used in China’s listed banks. In recent years，China’s listed banks thesize of the use of financial derivatives has accounted for the proportion of its totalassets to12.5percent，on the use of financial derivatives，risk management is likely toaffect the performance of China’s listed banks.First this article summarized the results of the domestic and foreign research，andthen learn from the results of research， analysis the factors of impacting theperformance of China’s listed banks，and detailed analysis of the use of derivativesfor performance means of financing for listed bank by lowing finance cost，locking theinvstment returns of the futurs，reducing the expected revenue，imprrving the structureof the income，decision-making，thereby affecting listed bank performance. Again，analysis the current situation and problems of China’s listed banks use the derivatives.Finally，uses the data of reguler financial reports2006-2010medium-term of the listedbanking industy.By using Panel data model，which studies by Eviews6.0. The results of reseachshow that using of derivatives for listed bank can enhancing the ROA and FPS，but theEPS did not pass the test of significance.Finally，based on the theory analysisi and empirical tests，the paper put forwardsome suggestion about the actual situation in China.Mading a perfect China’s financialderivatives market to enhance the efficiency of China’s listed banks risk managment，improving China’s listed banks financial derivatives transactions accountingmeasurement and disclosure system，strengthening of China’s listed banks use financialderivatives for risk management, improving the ability of financial derivatives pricing,attention to cultivating human resources policy recommendations.