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 …

complementary measures: (1) actual changes in firms' derivative and hedging disclosures, and (2) pre-SFAS 161 levels of firms …' derivative and hedging activities. Both measures provide consistent evidence that bid-ask spreads decreased more for firms whose … reduced information asymmetry among investors regarding the effects of derivative and hedging activities on firm value. These …

exchange and interest rate risk. This study aims to examine the determinants' of corporate hedging policies and derivative … empirically – for achieving the aim of this study. Mann-Whitney U test was used to distinguish the derivative user and non user … foreign purchase, liquidity, firm growth and size. Our findings suggest that derivative users have competitive edge over the …

The inclusion of DVA in the fair-value of derivative transactions has now become standard accounting practice in most … arises, with little consensus as to its resolution. One possibility is to price the derivative by replication, by … derivative has on the riskiness of an institution's debt should be taken into account when calculating FVA.In this paper we …

option compensation affects the hedging behavior of oil and gas firms. Firms that did not expense options before FAS 123R … significantly reduced option pay, which resulted in a large increase in their hedging intensity compared to firms that did not use …

We investigate the performance of the Deep Hedging framework under training paths beyond the (finite dimensional …) Markovian setup. In particular we analyse the hedging performance of the original architecture under rough volatility models … architectures capable of capturing the non-Markoviantity of time-series. Secondly, we analyse the hedging behaviour in these models …

for the firms that were heavily relying on FXD hedging. I offer a mechanism in which imbalances in hedging demand, banks …

This paper is the first to study the effect of enhanced derivative and hedging footnote disclosures on information …

xVA is a collection of valuation adjustments made to the classical risk-neutral valuation of a derivative or … risks, can be bilaterally priced into a derivative trade, without causing price asymmetry between the counterparties. We …