Firm value is influenced in many direct and indirect ways by financial risks which consist in
unexpected changes of foreign exchange rates, interest rates and commodity prices. The …

The study examines the financial and regulatory factors that influenced the extent of
derivative activity at twenty-five large international dealer banks during the 1995–1997 …

В статье рассматриваются финансовые инновации в историческом аспекте,
взаимосвязь финансовых инноваций и финансового инжиниринга, потребности …

Based on annual data for medium-sized US commercial banks from 1991 through 1998, we
investigate both the decision of whether to participate in interest rate derivatives and, for …

This research examines the theoretical role and empirical effects of derivatives in the
financial intermediation process. Models are developed to explain the determinants of …

Risk management has become a vital part of businesses all over the world and firms
adopted various risk management techniques to manage risk. This study examines …

The goal of this dissertation was to gain insights on the purpose, benefits, and risks of
derivatives usage by large bank holding companies. Widely publicized cases of significant …