-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 …

. Therefore, the aim of this article is to systematise the potential risks of derivatives in the context of the past global … revealed the challenges and risks of derivatives and showed the tremendous impact that their imprudent use may have on the … certain risks. Infrastructures of the derivatives market, liquidity and an adequate supervisory framework are necessary to …

This paper analyse the use of foreign exchange derivatives by non-financial publicly traded Brazilian companies from … 2007 to 2009. Using balance-sheet data on firms’ positions in derivatives and their foreign exchange exposure, the paper … the volume of derivatives used during this period, but used them in line with their currency exposure – and active …

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

Derivatives activity, motivated by risk-sharing, can breed risk taking. Bad news about the risk of the asset underlying …

Derivatives activity, motivated by risk-sharing, can breed risk taking. Bad news about the risk of the asset underlying …