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Hedging, Hedge Accounting and Speculation : Evidence from Canadian Oil and Gas Companies
Smistad, Rikard E. - 2011
speculation, all of the energy firms attempt derivative speculation to a different extent …
Persistent link: https://www.econbiz.de/10013118633
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Accounting for financial instruments in the banking industry : conclusions from a simulation model
Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2003 - Revised: November 2003
The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 became effective, Current IAS or US GAAP, and the Full Fair Value (FFV) model proposed by the Joint Working Group (JWG) - on the financial statements of banks. We develop a...
Persistent link: https://www.econbiz.de/10009765358
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IAS 39 Hedge Accounting e Interest Rate Risk Management
Gheno, Andrea; Mottura, Carlo Domenico - Dipartimento di Economia, Università degli Studi di Roma 3 - 2007
The object of this paper is to investigate the role of interest rate risk measures set out in an immunization theory framework for the control of the hedge effectiveness test, as specified in IAS 39. In particular, the case of a cash flow hedge is analyzed and attention is drawn to how the use...
Persistent link: https://www.econbiz.de/10005590588
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DERIVATIVES USAGE IN RISK MANAGEMENT BY TURKISH NON-FINANCIAL FIRMS AND BANKS: A COMPARATIVE STUDY
Selvi, Yakup; Türel, Aslı - In: Annales Universitatis Apulensis Series Oeconomica 2 (2010) 12, pp. 19-19
listedin the ISE-100 Indices, which represent 86 % of the market capitalization, use derivatives mainlyfor hedging purposes …
Persistent link: https://www.econbiz.de/10008788604
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Portfolio Hedging and Earnings Management
Novotný, Jan - In: Český finanční a účetní časopis 2014 (2014) 4, pp. 84-93
This paper deals with achieving hedge accounting for portfolio of assets and liabilities. Furthermore, provides brief comparison between currently effective hedge accounting rules embodied in IAS 39 and forthcoming standard IFRS 9. The aim of presented paper is to highlight possible linkage...
Persistent link: https://www.econbiz.de/10011194897
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Speculative Components in M&A Purchase Prices, Acquirers’ Long-Term Performance, and Goodwill Estimation
Oh, Hyung Il - 2018
This study proposes and estimates a fundamental-analysis-based approach to identifying speculative components in merger and acquisition (M&A) purchase prices. I estimate the speculative component of the price as the portion that cannot be explained by the book value of the target plus a multiple...
Persistent link: https://www.econbiz.de/10012935383
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On the determinants of derivative hedging by insurance companies : evidence from Taiwan
Shiu, Yung-ming; Wang, Chi-feng; Adams, Andrew; Shin, … - 2012
participate in derivative hedging activities. In the case of foreign exchange risk, the greater the exposure, the greater the … related to the level of reinsurance. -- derivative use ; hedging ; insurance companies …
Persistent link: https://www.econbiz.de/10009699569
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Hedging, Investment Efficiency, and the Role of the Information Environment
Lobo, Gerald J. - 2020
Extant theories suggest that managers may use hedging either to alleviate underinvestment problems caused by costly … investigate this issue using a hand-collected dataset of hedging and investment behavior of oil and gas exploration and production … firms. We do not find evidence that hedging alleviates underinvestment problems. However, we do find a strong positive …
Persistent link: https://www.econbiz.de/10012841987
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Earnings Management and Derivative Hedging with Fair Valuation : Evidence from the Effects of FAS 133
Choi, Jongmoo Jay - 2016
derivative hedging are partial substitutes in smoothing earnings before 1999. In this study, we investigate whether FAS 133 … S&P 500 non-financial firms during 1996-2006, we find that the substitution relation between derivative hedging and … volatility associated with derivative hedging post-FAS 133. These results are robust to the use of various model and method …
Persistent link: https://www.econbiz.de/10013006556
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How Does Hedge Accounting Influence Firm Value?
Köchling, Gerrit - 2020
We study the relation between hedge accounting and firm value. We propose an easily replicable procedure to generate a dataset directly from company's annual reports. Using our algorithm we are able to classify, for the first time, firms into cash flow, fair value, or foreign net investment...
Persistent link: https://www.econbiz.de/10012852802