search query: @author Marston, R. C. / total: 5
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| Author: | Bodnar, G. M. Hayt, G. S. Marston, R. C. |
| Title: | 1995 Wharton survey of derivatives usage by US non-financial firms |
| Journal: | Financial Management
1996 : WINTER, VOL. 25:4, p. 113-133 |
| Index terms: | USA STOCK MARKETS COMPANIES FINANCIAL MARKETS SURVEYS |
| Language: | eng |
| Abstract: | For a second year, the Wharton School has conducted a survey of derivatives usage by US non-financial firms. This survey is more detailed in its questioning and focuses more on valuation and risk measurement issues. It also inquires as to the reason for non-use among the majority of firms that do not use derivatives. In the appendix, a tabulation of the responses to all the questions are included. Derivatives usage among non-financial firms appears to be a fact of modern financial life. The evidence suggests that the percentage of firms using derivatives has not dropped off from 1994 levels. Currently less than half of all non-financial firms use derivatives, although usage is tilted heavily towards larger firms in the commodity and manufacturing sectors. |
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