.3 % of small firms are significantly exposed. The measuring of exchange rate risk and hedging is therefore crucial for …

hedging seem to be inapplicable in the Kuwaiti case. However, these theories provide only partial explanations for management … business group is significantly correlated with its level of hedging, suggesting that firms that are members of a family group … them evaluate the hedging strategies they employ. This study shows how different behaviors toward risk exist between firms …

. 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 …

considerable return shortfalls over the long run and that systematic currency hedging would not have been historically justified …