We provide evidence on how investor valuation of derivative financial instruments differs
depending upon whether the fair value of these instruments is recognized or disclosed …

While the use of derivatives by US commercial banks has exploded in recent years, the
growth has not been evenly distributed. At present, only about five percent of banks are …

This paper investigates the use of interest-rate derivatives by US commercial banks with
total assets between 100millionand 1 billion. These banks are interesting, because they …

At the turn of the century, regulators introduced policies to control bank risk-taking. Many
banks appointed chief risk officers (CROs), yet bank holdings of new, complex, and untested …

This article examines the impact of financial derivatives on systematic risk of publicly listed
US bank holding companies (BHCs) from 1997 to 2012. We find that the use of financial …

We provide evidence on the effects of SFAS 133 on the risk relevance of accounting
measures of bank derivative exposures to bond markets. First, we find that interest rate …

We use a unique dataset to analyze how Italian banking groups managed their exposure to
interest rate risk during the recent financial crisis. First of all, we document that on average …

We examine the effect of managerial compensation and ownership on the use of foreign‐
exchange derivatives by US bank holding companies. We focus on derivatives used for …

Bu çalısmanın amacı, bankaya özgü faktörlerin ve makroekonomik degiskenlerin bankaların
türev ürün kullanım yogunlukları üzerindeki etkisini incelemektir. 1999-2010 yılları arasında …

Credit derivatives enable banks to transfer selected credit risks to third parties. An empirical
model is developed for the motivation for bank participation in credit derivative markets and …