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empirical support for rationales of hedging with derivatives at the firm level. While various empirical challenges and … with derivatives use being just one part of a broader financial strategy that considers the type and level of financial … suggests that derivatives use is related to debt levels and maturity, dividend policy, holdings of liquid assets, and the …
Persistent link: https://www.econbiz.de/10005835392
hedging with derivatives materially increases firm value as many related research has proven, or whether hedging does not … use of derivatives, but also the use of foreign exchange derivatives and interest rate derivatives in particular …
Persistent link: https://www.econbiz.de/10005835560
use of derivatives in general and options in particular by nonfinancial corporations across different underlyings and …
Persistent link: https://www.econbiz.de/10005835643
Based on basic financial models and reports in the business press, exchange rate movements are generally believed to affect the value of nonfinancial firms. In contrast, the empirical research on nonfinancial firms typically produces fewer significant exposures estimates than researchers...
Persistent link: https://www.econbiz.de/10005835963
The rationales for corporate risk management are examined from the point of view of the theory of finance and of key stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then presented. The study is based on keyword analysis...
Persistent link: https://www.econbiz.de/10005837109
findings of previous surveys: 33.9% of non-financial firms in Greece use derivatives, mainly to hedge their exposure to … interest rate risk. The major source of concern for derivatives users is the accounting treatment of the contracts and the … corporate policy with respect to the use of derivatives, while at the same time consider the domestic economic environment not …
Persistent link: https://www.econbiz.de/10005837202
that is the increase dealing with more complex financial instruments, such as derivatives. The purpose of my research is to … show the advantages given by using derivatives, being aware of the costs and risks associated. …
Persistent link: https://www.econbiz.de/10011152616
deviate unless she can pre-commit to follow them. We apply our results to the discrete hedging problem of derivatives when …
Persistent link: https://www.econbiz.de/10009024486
We contribute to the previous literature on the use of derivatives by studying separately the determinants of profit … seeking versus those of hedging. In our sample of listed firms from four Nordic countries, about 62% use derivatives. Although … use of derivatives. Combining survey data on the use of derivatives with financial variables, data on management and …
Persistent link: https://www.econbiz.de/10009218977
the price and characteristics for different types of derivatives securities once the primary data are filled in. I …
Persistent link: https://www.econbiz.de/10009385986