The Effects of Derivatives on Firm Risk and Value

By Söhnke M. Bartram, Gregory W. Brown, Jennifer S. Conrad. Journal of Financial and Quantitative Analysis, 2011

403 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/bea2f9e20e94f884c90b163c85d9349187d18e73

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Citations in the corpus

Policy uncertainty, derivatives use, and firm-level FDI (2017, methodology): “As for empirical studies, Bartram et al. (2011) find that relative to firms that do not use derivatives, derivative users have lower cash flow volatility, idiosyncratic volatility, and systematic risk. Campello, Lin, Ma, and Zou (2011) show that derivative use relaxes firm financing by reducing the ”
Corporate hedging and the cost of debt (2014, background): “Recent studies provide further evidence that hedging affects the level and volatility of shareholder returns (Bartram, Brown, and Conrad (2011), Gay, Lin, and Smith (2010), Nelson, Moffitt, and Affleck-Graves (2005), and Guay (1999)).”
Corporate social responsibility and CEO confidence (2017, positive): “ Firm managerial entrenchment: Proxied by the E-index developed by Bebchuk et al. (2009). We expect a negative relationship between managerial entrenchment and CSR (Barnea and Rubin, 2010).”
Why Are U.S. Stocks More Volatile (2012, neutral): “19 For earlier uses of this approach in finance, see Lee and Wahal (2004), Drucker and Puri (2005), and Bartram, Brown, and Conrad (2011), among others.”
Influence of Profitability to the Firm Value of Diversified Companies in the Philippines (2016, background): “Different investigators concluded that profitability has significant influence on firm value (Bartram et al. 2011; Naito and Laux 2011).”
CORPORATE HEDGING AND SHAREHOLDER VALUE (2010, background): “…only on one 17 Papers that use simultaneous equations models or other techniques to control endogeneity include Bartram, Brown and Fehle (2009), Bartram et al. (2006), Jin and Jorion (2006), Graham and Rogers (2002), Guay (1999). single dimension of risk management, namely on the use of…”
Risk management and firm value: recent theory and evidence (2016, background): “However, two of the authors of this paper complete a IJAIM 24,1 66 D ow nl oa de d by U ni ve rs ity C ol le ge D ub lin A t 0 9: 13 1 6 A ug us t 2 01 6 (P T ) contrasting study in the work by Bartram et al. (2011).”
The Use of Foreign Currency Derivatives, Corporate Governance, and Firm Value Around the World (2012, positive): “…firms with exposure to exchange rates, Mackay and Moeller (2007) find a similar effect for the use of derivatives in a sample of oil refiners and Bartram et al. (2011) find a positive valuation effect in a large sample of nonfinancial firms from 47 countries.3 However, Guay and Kothari (2003)…”