We examine explanations for corporate policy choices related to the use of derivative financial instruments. Recent corporate disclosure requirements allows us to replicate and extend the work of Nance, Smith and Smithson (1993, NSS) using a larger sample. We extend previous research by...

n recent years, German companies report consolidated financial statements under German GAAP, U.S. GAAP, or International Accounting Standards (IAS). Market observers, researchers, and regulators have argued that financial statements prepared under the shareholder (or investor) model, such as...

In recent years, German companies report consolidated financial statements under German GAAP, U.S. GAAP, or International Accounting Standards (IAS). Market observers, researchers, and regulators have argued that financial statements prepared under the shareholder (or investor) model, such as...