The phenomenal growth of derivative markets across the globe indicates their impact on the global financial scene. As … the securities markets continue to evolve, market participants, investors and regulators are looking at different way in … which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …

to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are … subject to risk-shifting. They realize more of their workers risky ideas, helping small firms to poach creative workers from … firms take excessive risk, average enterprise profitability decreases, while bankruptcy increases. Moreover, large firms …