Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey

Gordon Bodnar and G. Gebhart

Weiss Center Working Papers from Wharton School - Weiss Center for International Financial Research

Abstract: This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non-financial firms and a 1997 companion survey on German non-financial firms. It is not a mere comparison of the results of both studies but a comparative study, drawing a comparable subsample of firms from the US study to match the sample of German firms on both size and industry composition. We find that German firms are more likely to use derivatives than US firms, with 78% of German firms using derivatives compared to 57% of US firms.

Keywords: INTEREST RATE; RISK; CORPORATIONS (search for similar items in EconPapers)
JEL-codes: D81 D92 G32 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1998
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Citations: View citations in EconPapers (10)

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Working Paper: Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pennif:98-03

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