Coutinho, João Ricardo Ribeiro; Sheng, Hsia Hua; Lora, … - In: Emerging Markets Review 13 (2012) 4, pp. 411-423
Large corporations have been using derivative instruments as a tool to protect their indirect exposure, as FX risks. A sample with 47 non-financial Bovespa Listed Brazilian companies from 2004 and 2010 was used to test the hypothesis that use of derivatives as a risk management policy tool...