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 …

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 …

verification of all theories considered. However, I find evidence for some theoretical determinants: currency exposure, market …

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 …

asymmetric. We find that derivatives are effective in reducing overall FC exposure but there is no evidence of value creation …

investigated derivatives usage for risk management purposes in the US (see, among others, Bodnar, Hayt, Marston and Smithson, 1995 … tend to rely on OTC-transactions, US firms use exchange-traded derivatives and therefore require a higher counter party … rating for derivatives transactions. This distinction can be accredited to the differences in the financial environments …

Derivatives are the major icon among risk management practices. Firms usually use derivatives to hedge their foreign … exchange and interest rate risk. This study aims to examine the determinants’ of corporate hedging policies and derivative … highly volatile which intends the corporations to handle and mitigate their risk through channelizing the derivatives …

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