Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

Derivative Usage, Risk Disclosure, and Firm Value

In English

Författare

  • Håkan Jankensgård

Summary, in English

Risk disclosure is generally regarded as crucial in order for investors to make informed decisions in the resource allocation process. Our study is the first to empirically investigate the value-relevance of corporate risk disclosure. We focus on the disclosure of foreign exchange (FX) risk, which is an activity notorious for its lack of transparency. Our empirical analysis involves a FX risk disclosure index for a sample of 114 Swedish derivative users. Contrary to expectations our results suggest that, holding the level of derivative usage constant, firm value decreases in the level of risk disclosure.

Publiceringsår

2014

Språk

Engelska

Sidor

159-174

Publikation/Tidskrift/Serie

Journal of Accounting and Finance

Volym

14

Issue

5

Dokumenttyp

Artikel i tidskrift

Förlag

North American Business Press

Ämne

  • Business Administration

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 2158-3625