-denominated trade, in turn, exposes these firms to exchange rate or “FX” risk. Despite this, there is no systematic study of hedging … hedging and hedging instruments from the perspective of SMEs …

’ ability to hedge foreign currency (forex) exposure through derivatives to measure firms’ vulnerability to transitory shocks …

investigate whether hedging facilitates outbound income shifting. Consistent with hedging lowering costs associated with exchange … rate volatility, I find that U.S. firms that use more currency derivatives tend to shift more income to low‐tax foreign …

and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives …Even though financial risk management has the ability to generate value, the use of financial derivatives among … derivatives losses and operational gains. Specifically, firms ex post consider their operational profits separately from their …

This study aims to determine whether the use of derivatives in non-financial companies in Indonesia as a hedging … not sufficient evidence to conclude that the use of derivatives reduces the company's exposure to exchange rate risk. The … use hedging instruments and those that do not. In other words, firms' exposure to changes in the exchange rate is …

The paper deals with the use of derivatives by Italian non-financial firms, in order to analyse existing theories of … hedging behaviour, and provides empirical evidence on a potential differentiation of determinants of derivative use over time …

effectiveness of such hedges depends on the hedge horizon, they might affect a firm's usage of foreign exchange derivatives and lead …

-94 on American petroleum markets. According to a specific definition of hedging, and on the basis of a detailed survey of …

distress costs and the foreign currency hedging decision and more significantly the foreign currency only hedging decision … the fact that several U.S. studies include in their non-hedging sample other hedging firms, such as firms using non …-derivative methods for currency hedging and interest rate only hedgers, which might bias the results against the a priori expectations …