求翻译：随着全球商品价格、利率及汇率的剧烈变动,促使企业产生了避险的动机和需求。由于金融衍生产品既可以用于规避风险,又具有杠杆操作及交易成本低的特点,各国企业对其的运用在过去20年迅速增长。随着全球经济一体化的发展,中国公司对使用衍生产品进行风险管理的关注程度也在不断增加。 在此背景之下,本论文对企业对金融衍生品的运用及其对企业价值及财务政策的影响进行了理论与实证研究。是什么意思？

With the severe changes in world commodity prices, interest rates and exchange rates, encourage enterprises to hedge motives and needs. Financial derivatives can be used either to avoid risks, but also has the characteristics of operating leverage and low transaction costs, the rapid growth of the f

As the global prices of commodities, interest rates and exchange rate volatility, and the business had a hedge of the motives and needs. Due to the financial derivative products can be used to mitigate the risk, but also has a lever action and lower transaction costs, the characteristics of the ente

Along with the whole world commodity price, the interest rate and the exchange rate dramatic change, urged the enterprise to have the motive and the demand which took refuge from danger.Because the financial derivation product both may use in dodging the risk, and had the release lever operation and

With the dramatic changes in global commodity prices, interest rates and exchange rates, prompting a haven of motives and needs. Due to financial derivatives can be used to avoid risks and characteristics of the operations with leverage and low transaction costs, among enterprises for their use of r

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