TY - JOUR
T1 - Does the type of derivative instrument used by companies impact firm value?
AU - Nguyen, Hoa
AU - Faff, Robert
N1 - Copyright:
Copyright 2010 Elsevier B.V., All rights reserved.
PY - 2010/5
Y1 - 2010/5
N2 - We explore the relationship between the type of derivative instrument used and firm value, in a sample of Australian firms. Specifically, we examine the impact of the corporate use of swaps, futures, forwards and options, and the extent of such usage, on firm value. Our findings suggest that a 'discount' is most severely imposed on users of swaps.
AB - We explore the relationship between the type of derivative instrument used and firm value, in a sample of Australian firms. Specifically, we examine the impact of the corporate use of swaps, futures, forwards and options, and the extent of such usage, on firm value. Our findings suggest that a 'discount' is most severely imposed on users of swaps.
UR - http://www.scopus.com/inward/record.url?scp=77952412406&partnerID=8YFLogxK
U2 - 10.1080/13504850802297822
DO - 10.1080/13504850802297822
M3 - Article
AN - SCOPUS:77952412406
SN - 1350-4851
VL - 17
SP - 681
EP - 683
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 7
ER -