We examine explanations for corporate policy choices related to the use of derivative financial instruments. Recent corporate disclosure requirements allows us to replicate and extend the work of Nance, Smith and Smithson (1993, NSS) using a larger sample. We extend previous research by...

Beaver and Wolfson (1982 BW) identify economic interpretability and symmetry as desirable properties for financial statement translation. They then analyze translation methods with respect to these properties assuming perfect and complete markets between and within both countries (referred to,...