and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives …

usage as well as operational outcomes tied to hedging. Using difference-in-differences tests we show that firms that adopt …, that a reduction in complexity in applying financial accounting derivative rules led to greater hedge accounting choice …, more actual hedging, and reduced financing and investment frictions …

to improve accounting for hedging activities and enhance derivative usage transparency. In this paper, I examine whether … on earnings volatility within different groups of derivative users. I split the sample banks into hedgers and non …-hedgers based on using derivatives for hedging purposes. Using detailed quarterly data on financial derivatives for bank holdings …

derivatives, and to identify the variables that determine hedging volume in the context of the agency theory and maximization of … previous studies. The results indicate that hedging decision and volume are positively related to the company's size, leverage … and interest rate exposure. We also find that the type of product is important in the hedging decision. Finally, companies …

. It calls for such hedging techniques that mitigate this risk level, thus, allowing corporations to enjoy a solid return …. This paper draws attention to a new determinant of hedging, i.e., the role of ownership concentration in risk management … using derivative instruments. For this purpose, a sample data of 101 non-financial firms listed on the Pakistan Stock …

; hedging ; cointegrated VAR model …

We consider modeling errors in the hedging of a portfolio composed from BBB-rated bonds. By doing this, we open a new … value of indexlinked credit derivatives is very limited: hedging portfolios including only T-bond futures can reduce the … hedging. This is consistent with the literature identifying an important non-default component within corporate bond spreads …

Surveys of corporate risk management document that selective hedging, where managers incorporate their market views … into firms’ hedging programs, is widespread in the U.S. and other countries. Stulz (1996) argues that selective hedging … strength to withstand the additional risk from market timing. We study the practice of selective hedging in a 10-year sample of …