Purpose – The lessons and merits of changes in the recognition and disclosure of derivative instruments and hedging … derivative instruments and hedging activities, on average, decreases firms’ market rate risk exposure. This finding suggests that … after the implementation of the recognition and disclosure of derivative instruments and hedging activities required by …

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 …

This paper presents international evidence on the use of financial derivatives for a sample of 7,292 non …-financial firms from 48 countries including the United States. Across all countries, 59.8% of the firms use derivatives in general …, while 43.6% use currency derivatives, 32.5% interest rate derivatives, and only 10.0% commodity price derivatives …

the use of financial derivatives reduces both total risk and systematic risk. The effect of derivative use on firm value … could account for the mixed evidence in the literature on the effect of hedging on firm value. …