This paper studies the characteristics of the Italian nonfinancial firms using derivatives and the purpose of the … derivatives use according to the most important literature in financial risk management. By using the Italian credit register and … balance sheet data this study extends for the first time the derivatives analysis to small and medium firms. The paper finds …

activities (especially interest rate derivatives) is positively associated with long-term interest rate exposure (LTIR) but …

workings of contemporary capitalism. Derivatives are the key issue involved here. They comprehend financialization as a …

Derivatives are the major icon among risk management practices. Firms usually use derivatives to hedge their foreign … exchange and interest rate risk. This study aims to examine the determinants’ of corporate hedging policies and derivative … highly volatile which intends the corporations to handle and mitigate their risk through channelizing the derivatives …

investigated derivatives usage for risk management purposes in the US (see, among others, Bodnar, Hayt, Marston and Smithson, 1995 … tend to rely on OTC-transactions, US firms use exchange-traded derivatives and therefore require a higher counter party … rating for derivatives transactions. This distinction can be accredited to the differences in the financial environments …

This study estimates the corporate tax savings from financial derivatives. I document a 3.6 and 4.4 percentage point … reduction in three-year current and cash effective tax rates (ETRs), respectively, after a firm initiates a derivatives program … sample of 375 new derivatives users. Of these amounts, $8.75 million and $3.3 billion, respectively, are incremental to tax …

(VF)Cet article étudie les déterminants de l’endettement en devises d’un échantillon d’entreprises non financières … facteurs déterminants de l’endettement en monnaie étrangère. Par ailleurs, la modélisation simultanée de l’endettement en … determinants of the use of foreign denominated currency debt for a sample of non-financial French firms. It looks at whether …