which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …The phenomenal growth of derivative markets across the globe indicates their impact on the global financial scene. As …, it is equally recognised that derivative markets present market participants and regulators with different and complex …

stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be … the only significant factor for a hedging decision. The implications of these findings and new research questions are …

Using a sample of 6,888 non-financial firms from 47 countries, we examine the effect of derivative use on firms’ risk … the use of financial derivatives reduces both total risk and systematic risk. The effect of derivative use on firm value … could account for the mixed evidence in the literature on the effect of hedging on firm value. …

, many types of instruments can be used:futures market,spot market, and forward market.However, the degree of volatility …

This paper investigates the motivations and practice of nonfinancial firms with regard to using financial options in … use of derivatives in general and options in particular by nonfinancial corporations across different underlyings and … countries. Overall, a significant number of 15%-25% of the firms outside the financial sector use financial options. This …

depend much on the time period chosen. Empirical evidence confirms the hypothesis that currency hedging should be fully …