Does the type of derivative instrument used by companies impact firm value?

Nguyen, Hoa and Faff, Robert (2010) Does the type of derivative instrument used by companies impact firm value?. Applied Econmics Letters, 17 7: 681-683. doi:10.1080/13504850802297822


Author Nguyen, Hoa
Faff, Robert
Title Does the type of derivative instrument used by companies impact firm value?
Journal name Applied Econmics Letters   Check publisher's open access policy
ISSN 1350-4851
Publication date 2010-05
Year available 2008
Sub-type Article (original research)
DOI 10.1080/13504850802297822
Volume 17
Issue 7
Start page 681
End page 683
Total pages 3
Place of publication Abingdon, United Kingdom
Publisher Routledge
Collection year 2011
Language eng
Formatted abstract
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. © 2010 Taylor & Francis.
Keyword Australia - economic conditions
Corporate strategy
Discount rate
Exploration
Firm size
Industrial enterprise
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status Non-UQ
Additional Notes First Published on: 13 October 2008

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
UQ Business School Publications
 
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Created: Thu, 03 Mar 2011, 13:47:59 EST by Karen Morgan on behalf of UQ Business School