derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … and interest rate exposure. We also find that the type of product is important in the hedging decision. Finally, companies … that use derivatives have a great return on assets that suggest a relationship between hedging decision and value creation. …

derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … and interest rate exposure. We also find that the type of product is important in the hedging decision. Finally, companies … that use derivatives have a great return on assets that suggest a relationship between hedging decision and value creation. …

hedging with derivatives materially increases firm value as many related research has proven, or whether hedging does not … exposure to financial risks that are listed in the Athens Stock Exchange and have their annual report published according to … positive and significant effect of hedging on it is verified, 4.6% of firm value on average, not only concerning the general …

findings of previous surveys: 33.9% of non-financial firms in Greece use derivatives, mainly to hedge their exposure to … interest rate risk. The major source of concern for derivatives users is the accounting treatment of the contracts and the … corporate policy with respect to the use of derivatives, while at the same time consider the domestic economic environment not …

position. Thus, management should develop an integrated approach to address it. Although hedging using derivatives accounts for … just one part of such an approach, the article solely covers financial risk management using derivatives. Namely, it is … found that even Slovenian blue-chip firms still have room to improve as they have only recently started to use derivatives …

This paper studies the characteristics of the Italian nonfinancial firms using derivatives and the purpose of the … derivatives use according to the most important literature in financial risk management. By using the Italian credit register and … balance sheet data this study extends for the first time the derivatives analysis to small and medium firms. The paper finds …

interest rate exposure. Moreover this study finds that there is a significant relationship between the use of derivatives and …Derivatives are the major icon among risk management practices. Firms usually use derivatives to hedge their foreign … exchange and interest rate risk. This study aims to examine the determinants’ of corporate hedging policies and derivative …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … face costly external finance increase hedging after staggered state-level financial reform that reduces the costs of … hedging. Post reform impacted firms have lower risk and fewer negative income shocks. Product market competition is also …

country prior to the deal and its hedging activities, and characteristics of the target, such as the exposure of the target …, foreign targets often provide operational hedging benefits to the U.S. acquirers, as exposure estimates are significantly … exchange rates and a time period over which underlying exposure is known to significantly change. We also relate the change in …