This paper evaluates the effect of Enterprise Risk Management (ERM) on the performance
and the financial stability of a sample of non-financial Spanish listed companies. The …

Despite the well-documented mixed results of hedging on firm value, empirical evidence of
why hedging reduces firm value is rare. Theory suggests that hedging can increase firm …

The theories underpinning corporate use of derivatives are well developed. Furthermore,
there exist compelling economic reasons why hedging should lead to enhanced …

La teoría financiera (Modigliani & Miller, 1958) plantea la gestión del riesgo como un asunto
sin importancia debido a que los mismos accionistas hacían su gestión de cobertura …

Purpose This study investigates whether the disclosure of derivatives is value relevant in
emerging markets and evaluates the effects of the 2008/2009 global financial crisis on the …

This study aims to analyze the effect of hedging for the risks of foreign currency, interest rate,
and commodity price on firm value as measured by Tobin's Q. The findings reveal that …

The financial theory (Modigliani & Miller, 1958) presents risk management as a matter
without importance in companies, given that the shareholders themselves managed their …

El presente artículo tiene como finalidad conocer si la decisión de usar o no derivado
financieros tiene un efecto en el valor de las organizaciones, así como su comportamiento y …

A James Gaskin Excel Macro Analysis is performed to determine the reliability of our scales,
and a 3-way parallel mediation using the Andrew Hayes' PROCESS model is applied to test …

This study investigates the impact of financial derivative risk information disclosure on the
quality of financial reporting in a sample of Nigerian deposit money banks. Data from the …