, I show that it causes a reduction in the supply of FX derivatives (FXD) and results in a substantial decline in exports … for the firms that were heavily relying on FXD hedging. I offer a mechanism in which imbalances in hedging demand, banks …

and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives …Even though financial risk management has the ability to generate value, the use of financial derivatives among … derivatives losses and operational gains. Specifically, firms ex post consider their operational profits separately from their …

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 …

risk with the use of derivatives. By examining the companies' annual reports and financial reviews for the year 2015. The … studied revealed that low use of the financial derivatives within Investment and the real estate industries. The use of the … derivatives was only 25% while is consider to be below due to the high risk associated with the industry. The risk management …

risk with the use of derivatives. By examining the companies' annual reports and financial reviews for the year 2015. The … studied revealed that low use of the financial derivatives within Investment and the real estate industries. The use of the … derivatives was only 25% while is consider to be below due to the high risk associated with the industry. The risk management …

derivatives users. Finally, we show that these companies attempt to time the market even when they are engaged in hedging. Thus …Using a unique and extremely granular data set of complete currency spot and derivatives positions for 101 large non …