Bartram, Söhnke M.; Brown, Gregory W.; Conrad, Jennifer - In: Journal of Financial and Quantitative Analysis 46 (2011) 04, pp. 967-999
Using a large sample of nonfinancial firms from 47 countries, we examine the effect of derivative use on firm risk and value. We control for endogeneity by matching users and nonusers on the basis of their propensity to use derivatives. We also use a new technique to estimate the effect of...
