literature is twofold: (i) We present a theoretical two-period regret model that allows us to analyze the determinants of the …

$18.9 billion. An event study shows that most companies that present losses in derivatives experience negative abnormal …

This paper provides empirical evidence of firm-specific factors determining the decision to use derivatives and the … level of usage for the case of Indonesia. The findings show that the participation rate in the use of derivatives is 15 … that the use of derivatives is positively associated with firm size, market-to-book value, bank-firm relationship, and the …

derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …

literature is twofold: (i) We present a theoretical two-period regret model that allows us to analyze the determinants of the …

counterparty credit risk in derivatives markets. I perform an empirical study of the incentives for voluntary central clearing of … significant amount of clearing happens only for credit and interest rate derivatives, while equity, foreign exchange, and … commodity derivatives are rarely centrally cleared. The results validate theoretical literature, and guide future modeling of …

. Therefore, the aim of this article is to systematise the potential risks of derivatives in the context of the past global … revealed the challenges and risks of derivatives and showed the tremendous impact that their imprudent use may have on the … certain risks. Infrastructures of the derivatives market, liquidity and an adequate supervisory framework are necessary to …

This article provides evidence about the determinants of capital structure in developing countries through studying non …