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We present an analysis of the determinants of Asia-Pacific banks’ extent of derivative activities. Our findings suggest … reveal that Asia-Pacific dealer banks tend to use more foreign currency derivatives while interest rate derivatives are …
Persistent link: https://www.econbiz.de/10010526436
The purpose of this paper is to assess the level of accounting risk that banks, in both emerging and recently developed countries, face by using derivative instruments. On the whole, results show that forwards negatively affect leverage risk, the use of swap contracts has negative effect on...
Persistent link: https://www.econbiz.de/10010696063
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 …
Persistent link: https://www.econbiz.de/10011100366
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced—or has failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH has...
Persistent link: https://www.econbiz.de/10010603964
The aim of this study was to analyze the impact of bank-specific, industry-specific and macroeconomic variables on the profitability of banks in Pakistan. This study applied the two-step generalized method of momentum (GMM) system estimator on an unbalanced dynamic panel of 28 banks over the...
Persistent link: https://www.econbiz.de/10011996105
The aim of this study was to analyze the impact of bank-specific, industry-specific and macroeconomic variables on the profitability of banks in Pakistan. This study applied the two-step generalized method of momentum (GMM) system estimator on an unbalanced dynamic panel of 28 banks over the...
Persistent link: https://www.econbiz.de/10011883259
activities (especially interest rate derivatives) is positively associated with long-term interest rate exposure (LTIR) but …
Persistent link: https://www.econbiz.de/10009448581
Persistent link: https://www.econbiz.de/10011818960
Persistent link: https://www.econbiz.de/10013205224
hedging with derivatives materially increases firm value as many related research has proven, or whether hedging does not … use of derivatives, but also the use of foreign exchange derivatives and interest rate derivatives in particular …
Persistent link: https://www.econbiz.de/10005835560