Why Firms Use Currency Derivatives

Article Abstract:

Issues related to the corporate practice of using derivatives to protect themselves from economic risk are examined. Topics include an overview of related studies; theories of derivative use, including costs and benefits; examples of derivative use; comparisons between users and nonusers of derivatives; and factors used to decide among types of currency derivatives.

Author: Geczy, Christopher, Minton, Bernadette A., Schrand, Catherine
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 1997
Research, Derivatives (Financial instruments), Hedging (Finance)

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Financial development, property rights, and growth

Article Abstract:

Research indicates that secure property rights lead to increased growth via asset allocation improvements, with the degree of increase linked to improved financing accessibility resulting from greater financial development.

Author: Claessens, Stijn, Laeven, Luc
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2003
Methods, Comparative analysis, Corporate growth, Industry growth, Allocation (Accounting)

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Outside equity

Article Abstract:

The author discusses models for equity financing. Topics include property rights, corporate cash flows, and costs related to collection.

Author: Myers, Stewart C.
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
Statistical Data Included, Analysis, Evaluation, Investors, Collection (Accounting), Long-term financing, Long term financing

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Subjects list: United States, Finance, Corporations, Corporate finance, Economic aspects, Right of property, Property rights
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