Effect of Derivative Accounting Rules on Corporate Risk-Management Behavior

220 citations recorded by the source corpus.

Citations in the corpus

Corporate investment and changes in GAAP (2016, unknown): “Zhang (2009) finds that firms cut their speculative use of derivative instruments after SFAS 133 required recognition of all derivatives as either assets or liabilities at fair value.”
Firm Life Cycle, Corporate Risk Taking, and Investor Sentiment (2017, unknown): “Prior research (e.g., John et al. 2008; Zhang, 2009) shows that riskier corporate operations lead to more volatile earnings and, hence, STD_ROA is extensively used as a firm risk-taking proxy in the risk-taking literature.”
The Use of Foreign Currency Derivatives, Corporate Governance, and Firm Value Around the World (2012, unknown): “…Tufano (1996), Geczy et al. (2007), Haushalter (2000), and Graham and Rogers (2002)), whether derivatives are used for speculative purposes (Geczy et al. (2007)), or whether the use of derivatives impacts risk (e.g., Guay (1999), Allayannis and Ofek (2001), Bartram et al. (2011), and Zhang (2009)).”
Do Analysts Understand the Economic and Reporting Complexities of Derivatives (2016, unknown): “Derivatives can also improve the predictability of firm performance by reducing both earnings and cash flow volatility (Zhang 2009).”