haku: @journal_id 33 / yhteensä: 575
viite: 93 / 575
Tekijä: | Bodnar, G. M. Hayt, G. S. Marston, R. C. |
Otsikko: | 1995 Wharton survey of derivatives usage by US non-financial firms |
Lehti: | Financial Management
1996 : WINTER, VOL. 25:4, p. 113-133 |
Asiasana: | USA STOCK MARKETS COMPANIES FINANCIAL MARKETS SURVEYS |
Kieli: | eng |
Tiivistelmä: | 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. |
SCIMA