Work

Does the type of derivative instrument used by companies impact firm value?

Year: 2008

Type: article

Abstract: We explore the relationship between the type of derivative instrument used and firm value, in a sample of Australian firms. Specifically, we examine the impact of the corporate use of swaps, futures, forwards and options, and the extent of such usage, on firm value. Our findings suggest that a ‘discount’ is most severely imposed on users of swaps.

Source: Applied Economics Letters

DOI: 10.1080/13504850802297822

Authors: Hoa Nguyen, Robert Faff

Institutions: Deakin University, Monash University

Language: English

Topic: Risk Management in Financial Firms

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2120464004

FWCI: 1.086

Cites: 13

Cited by: 32

Related to: 10