Zhou, Victoria Yun; Wang, Peijie - In: International Review of Financial Analysis 29 (2013) C, pp. 294-302
This study assesses the effect of derivatives use of large UK non-financial firms in their foreign exchange risk management activity and tests value relevance of FRS 13. Using a sample of FT UK 500 non-financial firms for 1999 when FRS 13 was implemented, we examine the foreign exchange risk...