The fact that 92% of the world's 500 largest companies recently reported using derivatives
suggests that corporate managers believe financial risk management can increase …

Our aim is to investigate the sensitivity of financial sector stock returns to market, interest
rate, and exchange rate risk in three financial sectors (financial services, banking, and …

Using high-frequency identification, we estimate the reaction of bank stock prices to
movements in interest rates prompted by FOMC announcements and examine how this …

An analysis of the links between risk management and value creation Risk Management
and Value Creation in Financial Institutions explores a variety of methods that can be utilized …

There is a strong connection between bank performance and economic growth. Therefore,
understanding on the effects of credit and market risk on bank performance could contribute …

This paper tests the hypothesis that exchange rate exposure is asymmetric over
appreciation–depreciation cycles. More specifically, it investigates whether returns on nine …

This paper presents results from an in-depth analysis of the foreign exchange rate exposure
of a large nonfinancial firm based on proprietary internal data including cash flows …

This article examines the role played by derivatives in determining the interest rate
sensitivity of bank holding companies'(BHCs) common stock, controlling for the influence of …

Many interest rates are as volatile as exchange rates and thus represent an equally
important source of risk for corporations. While this is true not only for financial institutions …

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 …