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 …

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 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 provides empirical evidence of firm-specific factors determining the decision to use derivatives and the … level of usage for the case of Indonesia. The findings show that the participation rate in the use of derivatives is 15 … that the use of derivatives is positively associated with firm size, market-to-book value, bank-firm relationship, and the …

stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be … the only significant factor for a hedging decision. The implications of these findings and new research questions are …

investigated derivatives usage for risk management purposes in the US (see, among others, Bodnar, Hayt, Marston and Smithson, 1995 … foreign exchange exposure and hedge more currency risk.US firms have more concerns regarding derivative usage, which may be … tend to rely on OTC-transactions, US firms use exchange-traded derivatives and therefore require a higher counter party …

The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … significant, robust, and pervasive, and is coupled with a concerning exposure to the US dollar currency risk. As another … exposures and a reconsideration of hedging policies. …

derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … and interest rate exposure. We also find that the type of product is important in the hedging decision. Finally, companies … 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 … and interest rate exposure. We also find that the type of product is important in the hedging decision. Finally, companies … that use derivatives have a great return on assets that suggest a relationship between hedging decision and value creation. …

hedging with derivatives materially increases firm value as many related research has proven, or whether hedging does not … exposure to financial risks that are listed in the Athens Stock Exchange and have their annual report published according to … positive and significant effect of hedging on it is verified, 4.6% of firm value on average, not only concerning the general …