Wen, Yantao; Kang, Yuanfei; Qin, Yafeng; Kennedy, Jeffrey C. - In: Journal of risk and financial management : JRFM 14 (2021) 2/83, pp. 1-22
Financial derivatives have been increasingly used by firms to hedge against financial risks. However, it is still not clear what factors at the firm level lead to firms' derivative use and whether derivative use can generate performance improvement, especially in the context of firms operating...