The Use of Foreign Currency Derivatives, Corporate Governance, and Firm Value Around the World

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Risk management and firm value: recent theory and evidence (2016, background): “Similarly, Allayannis et al. (2012) examine the effects of currency derivatives use on firm value for a sample of roughly 1,500 international firms that have cross-listed American Depository Receipts (ADRs).”
Corporate hedging and the cost of debt (2014, methodology): “In addition, we follow Allayannis, Lel, and Miller (2012), Allen et al. (2012), Campello et al. (2011), and Deng, Elyasiani, and Mao (2010) to employ the Heckman’s treatment effect model, instrumental variables (IV) regression, and simultaneous equations model (SEM) regression.”
Corporate hedging and speculation with derivatives (2017, background): “Moreover, they have been shown to matter most for the effect of derivatives use on firm value, because weak firm-level corporate governance can be mitigated by strong country-level governance (Allayannis et al., 2012).”
Policy uncertainty, derivatives use, and firm-level FDI (2017, methodology): “The literature on the link between derivatives and risk exposure among East Asian firms is still few. Parsley and Popper (2006) find that firms in East Asia were less hedged under pegged exchange rates.”