Does risk management add value? A survey of the evidence
C Smithson, BJ Simkins - Journal of applied corporate finance, 2005 - Wiley Online Library
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 …
suggests that corporate managers believe financial risk management can increase …
Market, interest rate, and exchange rate risk effects on financial stock returns during the financial crisis: AGARCH-M approach
A Mouna, J Anis - Cogent Economics & Finance, 2016 - Taylor & Francis
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 …
rate, and exchange rate risk in three financial sectors (financial services, banking, and …
Interest rate risk and bank equity valuations
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 …
movements in interest rates prompted by FOMC announcements and examine how this …
[图书][B] Risk management and value creation in financial institutions
G Schroeck - 2002 - books.google.com
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 …
and Value Creation in Financial Institutions explores a variety of methods that can be utilized …
The effect of credit and market risk on bank performance: Evidence from Turkey
A Ekinci - International Journal of Economics and Financial …, 2016 - dergipark.org.tr
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 …
understanding on the effects of credit and market risk on bank performance could contribute …
Asymmetric exchange rate exposure: theory and evidence
This paper tests the hypothesis that exchange rate exposure is asymmetric over
appreciation–depreciation cycles. More specifically, it investigates whether returns on nine …
appreciation–depreciation cycles. More specifically, it investigates whether returns on nine …
What lies beneath: Foreign exchange rate exposure, hedging and cash flows
SM Bartram - Journal of Banking & Finance, 2008 - Elsevier
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 …
of a large nonfinancial firm based on proprietary internal data including cash flows …
Derivatives, portfolio composition, and bank holding company interest rate risk exposure
BJ Hirtle - Journal of Financial Services Research, 1997 - Springer
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 …
sensitivity of bank holding companies'(BHCs) common stock, controlling for the influence of …
The interest rate exposure of nonfinancial corporations
S Bartram - Review of Finance, 2002 - academic.oup.com
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 …
important source of risk for corporations. While this is true not only for financial institutions …
The use of financial derivatives and risks of US bank holding companies
S Li, M Marinč - International Review of Financial Analysis, 2014 - Elsevier
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 …
US bank holding companies (BHCs) from 1997 to 2012. We find that the use of financial …