derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. Usage … derivative non-users, German firms tend to cite reasons suggesting derivatives were not needed whereas US firms tend to cite …This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non …

Using a novel regulatory dataset of fully identified derivatives transactions, this paper provides the first …

Financial derivatives play an important role in helping companies manage the risk involved in interest rates, currency … exchange rates, and equity markets. This study investigates the factors that influence derivative usage in Malaysian firms, as … derivatives in Malaysian corporations by using a sample of 58 nonfinancial firms over the period 2011 to 2016. Relying on …

of numerical methods for pricing, hedging, and risk management of financial instruments. …

This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their … hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The … derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging … affected by default risk and it is generally advisable to hedge default risk with credit derivatives. …

für derivative Finanzinstrumente, ihre Bewertung und ihren Ausweis im Jahresabschluss schaffen wollten, zeigt der hier … Mittel zur Risikoabsicherung, das so genannte "Hedging". Fallbeispiele und zahlreiche Abbildungen veranschaulichen die z. T … Risikomanagement. …

This paper analyzes optimal hedging of a tradable risk (e.g. price risk or exchange rate risk) with forward contracts … noise, cross hedging and speculating on the real risk premium are conflicting objectives; the level of relative risk …

Since the mid-nineties, agricultural economists discuss the suitability of "weather derivatives" as hedging instruments … for volumetric risks in agriculture. Contrary to traditional insurance contracts, the payoffs of such derivatives are … defined meteorological station. While weather derivatives thus circumvent the problem of moral hazard and adverse selection …

corporate hedging: equity value maximising strategies and strategies determined by managerial risk aversion. The first category … distress and costs of external finance or to replace home-made hedging by shareholders. The second category considers that … managers maximise their personal utility rather than the market value of equity. Their hedging strategy, therefore, is …