This paper studies the characteristics of the Italian nonfinancial firms using derivatives and the purpose of the … derivatives use according to the most important literature in financial risk management. By using the Italian credit register and … balance sheet data this study extends for the first time the derivatives analysis to small and medium firms. The paper finds …

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 …

$18.9 billion. An event study shows that most companies that present losses in derivatives experience negative abnormal …

. Derivatives are the key issue involved here. They comprehend financialization as a development within, rather than a distortion of …

derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … that use derivatives have a great return on assets that suggest a relationship between hedging decision and value creation. …

derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … that use derivatives have a great return on assets that suggest a relationship between hedging decision and value creation. …

Derivatives were initially a response to the increased volatility of financial markets, but then the growth of … financial derivatives has played a role in exacerbating shocks. Hence, implications of derivatives for the functioning of … costs, derivatives facilitate the taking of speculative positions and can assist uninformed investors in taking market …