Further Evidence on the Corporate Use of Derivatives in Australia: The Case of Foreign Currency and Interest Rate Instruments

Australian Journal of Management

Volumn 28, Issue 3, 2003, Pages 307-317

  Nguyen, Hoa ^a   Faff, Robert ^b  

^a UNIVERSITY OF SOUTH AUSTRALIA   (Australia)

^b MONASH UNIVERSITY   (Australia)

Author keywords

FOREIGN CURRENCY DERIVATIVES; HEDGING; INTEREST RATE DERIVATIVES

Indexed keywords

EID: 84996208680     PISSN: 03128962     EISSN: None     Source Type: Journal    
DOI: 10.1177/031289620302800305     Document Type: Article

References (14)

1. Ang, J. S., Chua, J. H. & McConnell, J. J. 1982, ‘The administrative costs of corporate bankruptcy: A note’, Journal of Finance, vol. 37, pp. 219-226.
2. Beatty, A. 1999, ‘Assessing the use of derivatives as part of a risk-management strategy’, Journal of Accounting and Economics, vol. 26, pp. 353-357.
3. Berkman, H. & Bradbury, M. E. 1996, ‘Empirical evidence on the corporate use of derivatives’, Financial Management, vol. 25, no. 2, pp. 5-14.
4. Berkman, H., Bradbury, M., Hancock, P. & Innes, C. 2002, ‘Derivative financial instrument use in Australia’, Accounting and Finance, vol. 42, pp. 97-109.
5. Froot, K. A., Scharfstein, D.S., & Stein J. C. 1993, ‘Risk management: Coordinating corporate investment and financing policies’, Journal of Finance, vol. 48, pp. 1629-1648.
6. Geczy, C., Minton, B. A. & Schrand, C. 1997, ‘Why firms use currency derivatives’, Journal of Finance, vol. 52, pp. 1323-1354.
7. Guay, W. R. 1999, ‘The impact of derivatives on firm risk: An empirical examination of new derivative users’, Journal of Accounting and Economics, vol. 26, pp. 319-351.
8. Haushalter, G. D. 2000, ‘Financing policy, basis risk, and corporate hedging: Evidence from oil and gas producers’, Journal of Finance, vol. 55, no. 1, pp. 107-151.
9. Howton, S. D. & Perfect, S. B. 1998, ‘Currency and interest rate derivatives use in US firms’, Financial Management, vol. 27, pp. 111-121.
10. Nance, D., Smith, C. W. & Smithson, C. W. 1993, ‘On the determinants of corporate hedging’, Journal of Finance, vol. 48, pp. 267-284.
11. Nguyen, H. & Faff, R. 2002, ‘On the determinants of derivative usage by Australian companies’, Australian Journal of Management, vol. 27, pp. 1-24.
12. Smith, C. W. & Stulz, R. M. 1985, ‘The determinants of firms’ hedging policies’, Journal of Financial and Quantitative Analysis, vol. 19, pp. 127-140.
13. Stulz, R. M. 1984 ‘Optimal hedging policies’, Journal of Financial and Quantitative Analysis, vol. 19, pp. 127-140.
14. Tufano, P. 1996, ‘Who manages risk? An empirical examination of risk management practices in the gold mining industry’, Journal of Finance, vol. 51, pp. 1097-1137.