asymmetric. We find that derivatives are effective in reducing overall FC exposure but there is no evidence of value creation …

This paper examines the impact of the strength of governance on firms' use of currency derivatives. Using a sample of … firms from 30 countries over the period 1990 to 1999, we find that strongly governed firms tend to use derivatives to hedge … currency exposure and overcome costly external financing. On the other hand, weakly governed firms appear to use derivatives …

determinants are scale economies and the use of derivatives. On the one hand, we found that this hedging is positively related to …Purpose Using hedging theories, we analyse the variables that determine the decision to hedge with foreign currency … the variables in relation to operational hedging. Therefore, as a future line of research, we propose gathering of data on …

This study assesses the effect of derivatives use of large UK non-financial firms in their foreign exchange risk … the effect of the use of foreign exchange derivatives on the firm's foreign exchange risk exposure. There is evidence that … UK non-financial firms use derivatives to hedge against the risk of unfavorable exchange rate movements and the hedge is …