both size and industry composition. We find that German firms are more likely to use derivatives than US firms, with 78% of … German firms using derivatives compared to 57% of US firms. Aside from this higher overall usage, the general pattern of … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. Usage …

hedging strategies that lead to hefty losses in the aftermath of the financial crisis. The sample is comprised of 346 …$18.9 billion. An event study shows that most companies that present losses in derivatives experience negative abnormal … indicate that the lack of a formal hedging policy, no monitoring to the CFOs, and considerations of hubris and remuneration …

Derivatives activity, motivated by risk-sharing, can breed risk taking. Bad news about the risk of the asset underlying …

Derivatives activity, motivated by risk-sharing, can breed risk taking. Bad news about the risk of the asset underlying …

, especially more currency risk, than US firms. Dutch firms, however, show a lower level of concern over derivatives usage, which …. Dutch firms focus le ss on stabilizing accounting earnings with derivatives than US firms, which is likely attributable to … tend to rely almost exclusively on OTC-transactions, US firms use exchange-traded derivatives and more counter …

derivatives for these two motives. Firm-level diversification is negatively related to hedging, but is positively related to the … seeking versus those of hedging. In our sample of listed firms from four Nordic countries, about 62% use derivatives. Although … use of derivatives for additional income. Financial firms use derivatives more for profit than for hedging. We also find …

This paper provides empirical evidence of firm-specific factors determining the decision to use derivatives and the … level of usage for the case of Indonesia. The findings show that the participation rate in the use of derivatives is 15 … that the use of derivatives is positively associated with firm size, market-to-book value, bank-firm relationship, and the …

, especially more currency risk, than US firms. Dutch firms, however, show a lower level of concern over derivatives usage, which …. Dutch firms focus le ss on stabilizing accounting earnings with derivatives than US firms, which is likely attributable to … tend to rely almost exclusively on OTC-transactions, US firms use exchange-traded derivatives and more counter …