both size and industry composition. We find that German firms are more likely to use derivatives than US firms, with 78% of … German firms using derivatives compared to 57% of US firms. Aside from this higher overall usage, the general pattern of … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. Usage …

counterparty credit risk in derivatives markets. I perform an empirical study of the incentives for voluntary central clearing of … significant amount of clearing happens only for credit and interest rate derivatives, while equity, foreign exchange, and … commodity derivatives are rarely centrally cleared. The results validate theoretical literature, and guide future modeling of …

as derivatives trading, post-trading services and software sales. This trend can be observed most notably among profit …

-increasing/-constant strategies. In addition, we find that a CEO's affiliation to the owner's family seems to reduce the amount of derivatives a firms …

derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …

literature is twofold: (i) We present a theoretical two-period regret model that allows us to analyze the determinants of the …

is not collected. Identifying these determinants thus becomes relevant, as this information may be essential for defining … underpricing event. Noteworthy among the determinants are the reputations of the underwriter and share issuer, the presence of …

We use a model of a bank under perfect competition to examine effects of derivatives for tradeable and non tradeable …