Use of derivative financial instruments and profitability of non-financial companies of Lima’s Stock Exchange

• Autor: Dominguez Soto, Leenin Krenlin
• Formato: artículo
• Fecha de Publicación: 2022
• Institución: Universidad Nacional Mayor de San Marcos
• Repositorio: Revistas - Universidad Nacional Mayor de San Marcos
• Lenguaje: español
• OAI Identifier: oai:ojs.csi.unmsm:article/22923
• Enlace del recurso: https://revistasinvestigacion.unmsm.edu.pe/index.php/quipu/article/view/22923
• Nivel de acceso: acceso abierto
• Materia: derivados; cobertura; rentabilidad; ecuaciones estructurales; Bolsa de Valores; derivatives; hedging; profitability; structural equations; Stock Exchange

Objective: To establish the relation between the use of derivative financial instruments and the profitability of non-financial companies in Lima’s Stock Exchange (LSE). Method: The research was quantitative in nature with a non-experimental design and transversal of correlational type. By using information from 149 non-financial companies, the model of structural structures was applied in order to know the relation between the variables. Results: It is evident that the financial instruments derived from interest rate, exchange rate and price have a low positive relations with the profitability of the non-financial companies of the LSE. Conclusion: Although there is a positive relation between the use of derivative financial instruments and the profitability of non-financial companies on the LSE, it is not significant, which may be due to the small number of companies that used financial instruments.