Bodnar, G.M.; de Jong, de Jong, A.; Macrae, V. - Erasmus Research Institute of Management (ERIM), … - 2001
This paper examines the influence of institutional differences on risk management practices in the US and the … institutional differences. We find that due to the greater openness of the Netherlands, Dutch firms hedge more financial risk …, especially more currency risk, than US firms. Dutch firms, however, show a lower level of concern over derivatives usage, which …