DOES DERIVATIVE INSTRUMENTS USE INCREASE ACCOUNTING PERFORMANCE OF BANKS IN EMERGING AND RECENTLY DEVELOPED COUNTRIES?

Christian de Peretti () and Mohamed Rochdi Keffala
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Christian de Peretti: ECL - École Centrale de Lyon - Université de Lyon, LSAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon
Mohamed Rochdi Keffala: LSAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon, UCBL - Université Claude Bernard Lyon 1 - Université de Lyon

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Abstract: According to literature, principal findings reveal that by using derivatives banks in developed countries improve their performance. The purpose of this paper is to examine the impact of four derivative instruments (forwards, swaps, options and futures) used by banks in both emerging and recently developed countries on accounting performance. Overall sample is defined by 137 banks from both emerging and recently developed countries covering the period 2003-2010. Contrarily to expectations, overall findings indicate that derivative instruments decrease bank performance in the case of these countries.

Keywords: Derivative instruments; bank performance; emerging countries; panel econometrics (search for similar items in EconPapers)
Date: 2016
Note: View the original document on HAL open archive server: https://hal.science/hal-04875593v1
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Published in Savings and Development, 2016, 1, pp.XL

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04875593

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