This paper provides a review of research on financial derivatives, with an emphasis on and
comprehensive coverage of research published in 15 top accounting journals from 1996 to …

Firms use derivatives both for hedging and nonhedging purposes. The Statement of
Financial Accounting Standards No. 161 (SFAS 161) requires firms to disclose the purposes …

Derivatives are increasingly used by managers not only to hedge risks but also to pursue
nonhedging activities for fulfilling opportunistic incentives. The Statement of Financial …

Effective in 2009, SFAS 161 requires enhanced disclosures about derivative use and
hedging activities. We test for changes to the information environment of firms whose …

I study the information asymmetry effects of Statement of Financial Accounting Standards
Number 161 (SFAS 161), which requires changes to the content and format of derivative and …

Bankruptcy experience in managers' prior careers is associated with increased firm's
hedging activities, especially when such an experience is more recent or occurs when the …

This study analyzes the effects of cash flow hedges on future profitability and stock returns. It
investigates a comprehensive sample of 44 (forty-four) countries. This works first finding is a …

This thesis presents three studies on managerial opportunism in hedging-related activities.
Managers have incentives to engage in firm-level and individual-level hedging activities …

This paper is the first to study the effect of enhanced derivative and hedging footnote
disclosures on information asymmetries in bank loan contracting. Utilizing the issuance of …

Hedge Accounting and Firms’ Future Investment Spending Page 1 WORKING PAPERS –
BUSINESS A series on Accounting, Finance, Management, Marketing and Organizational …