Research On Hedging Management Of S Company Based On The Theory Of Organizational Process

The main purpose of this study is to take S company as the research object,design a set of management system to fit portfolio investment theory according to its current situation of hedging management,and establish the mechanism for information collection and analysis in their own conditions and the independent risk control mechanism.This paper mainly uses the data,cases and empirical etc.analysis methods.First of all,there are two theoretical aspects of hedging management,namely hedging theory and organizational process theory.In prolegomenon,a brief introduction of domestic and foreign research results in these two areas has been made.Then introduces the development and connotation of enterprise organization,business process and hedging theories.Analyzes the advantages and disadvantages of these theories.Secondly,briefly introduces S company's strategic transformation,management status;the setting of the hedging management and fund.Gradually finds out some unreasonable aspects of hedging effect,organization,work flow,information processing and risk management etc.Then,summerizes the four principal problems of S company based on the analysis of the status.By using the minimum variance model of portfolio investment theory to implement dynamic hedging to improve the hedging effect;from the cases of Louis Dreyfus and COFCO,which have the leading hedging management experience in the aspects of heir practices in the organization,information acquisition and processing,application of information technology and risk management,gets the main idea and direction of solving corresponding management problems of S company.Finally,breaks down the hedging management works with application of portfolio investment theory,makes clear all the scope of works and resonsibilities;according to the theory of business process reengineering,resets information research department,decision-making and supervision department;sets up the management mode of the joint conference of hedging as the highest leadership and the futures department manager as the leading center;simplifies and merges the trading and operation department,applicates information technology to improve management efficiency;establishes independent risk management mechanism and some problems that should be paid attention to in the estimation of hedge ratio are analyzed etc.