Access the full text.
Sign up today, get DeepDyve free for 14 days.
Abolhassan Jalilvand, Tae Park (1994)
Default Risk, Firm Characteristics, and the Valuation of Variable-Rate Debt InstrumentsFinancial Management, 23
Notes the “spectacular” growth of derivatives over the last 20 years and reviews previous research on the risk management policies and practices of corporations. Reports a survey of leading, non‐financial Canadian firms and compares it with previous studies. Shows the differences between respondents using/not using derivatives, the proportions of different types of treasury organization, the importance attached to treasury benchmarking and the integration of risk management policy with strategic plans. Finds that Canada uses derivatives more than Europe or the USA; that most Canadian and European treasuries operate as cost or service centres but are not benchmarked; that although most Canadian and European companies have written risk management policies, these are not integrated with financial/operating plans; that US risk managers are more likely to take positions reflecting their market views; and that in all the countries covered derivative users are larger than non‐users. Believes that most risk management programmes “remain in an introductory stage”.
Managerial Finance – Emerald Publishing
Published: Mar 1, 2000
Keywords: Accounting research; Risk management; Derivatives; Treasury management; Canada; Europe; USA
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.