Theory predicts that nonfinancial corporations might use derivatives to lower financial
distress costs, coordinate cash flows with investment, or resolve agency conflicts between …

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 …

This paper is a comparative study of the responses to the 1995 Wharton School survey of
derivative usage among US non‐financial firms and a 1997 companion survey on German …

Business, Aarhus School of Business, Denmark. Retrieved from http://pure. au.
dk/portal/files/32327795/0002867. pdf. Accessed on 22 November 2019. Aalberts, R., & …

Notes the “spectacular” growth of derivatives over the last 20 years and reviews previous
research on the risk management policies and practices of corporations. Reports a survey of …

This study uses corporate hedging explanations to examine observed differences in the use
of derivatives by Canadian nonfinancial corporations. Our findings show that the scale …

The recent, and ongoing, large losses on derivatives transactions announced by UK
corporates and the ensuing fears for systemic risk, highlight the need for focused research …

INTERNAL CONTROL OF DERIVATIVES USAGE BY SPANISH SAVINGS BANKS: AN
EMPIRICAL SURVEY Page 1 INTERNAL CONTROL OF DERIVATIVES USAGE BY SPANISH …

В связи с возрастающей ролью процентных и валютных рисков для российских
компаний нефинансового сектора необходимо уделять особое внимание управлению …

In this paper we analyse the research results on corporate risk management practices,
notably in light of the derivatives use in the large Serbian non-financial companies. The …