EconPapers    
Economics at your fingertips  
 

Derivatives Usage by Australian Industrial Firms: Pre-, during and post-GFC

Hassan Tanha (), Michael Dempsey and Mena Labeb
Additional contact information
Hassan Tanha: Finance and Financial Services Discipline, College of Business, Victoria University, Ballarat Rd, Footscray VIC 3011, AUSTRALIA
Michael Dempsey: Tan Duc Thang University, Ho Chi Minh City, VIETNAM
Mena Labeb: Victoria University, Ballarat Rd, Footscray VIC 3011, AUSTRALIA

Review of Economics & Finance, 2018, vol. 11, 31-39

Abstract: We avail of International Accounting Standards IFRS 7 to investigate the usage and motivation of hedging by non-financial Australian firms. We examine the usage of derivative instruments in relation to features such as firm size, the firm¡¯s return on equity, leverage, and growth characteristics. The results of our panel data logistic regression indicate that the use of hedging instruments in Australia is influenced positively by the firm¡¯s gearing ratio and negatively by its propensity to growth.

Keywords: Derivatives; Hedging; Risk management; Panel data; Logit analysis (search for similar items in EconPapers)
JEL-codes: G32 G15 C33 G41 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.bapress.ca/ref/ref-article/1923-7529-2018-01-31-09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bap:journl:180103

Ordering information: This journal article can be ordered from
17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada

Access Statistics for this article

Review of Economics & Finance is currently edited by H. Carlson

More articles in Review of Economics & Finance from Better Advances Press, Canada 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada.
Bibliographic data for series maintained by Carlson ().

 
Page updated 2018-04-21
Handle: RePEc:bap:journl:180103