Does ownership structure matter in explaining derivatives’ use policy in French listed firms
The purpose of this study is to investigate the effect of ownership structure on derivatives' use policy. Using data for 262 French non-financial listed firms, the results show that the two decisions of whether to use derivatives or not and the extent of derivatives use are not affected by the...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Inderscience Enterprise Ltd, UK
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/14828 |
| _version_ | 1848748727363174400 |
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| author | Boubaker, S. Salma, M. Shaikh, Junaid |
| author_facet | Boubaker, S. Salma, M. Shaikh, Junaid |
| author_sort | Boubaker, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | The purpose of this study is to investigate the effect of ownership structure on derivatives' use policy. Using data for 262 French non-financial listed firms, the results show that the two decisions of whether to use derivatives or not and the extent of derivatives use are not affected by the same variables. CEO ownership has a negative effect on the decision to use derivatives, whereas CEO tenure length influences negatively the extent of derivative use. CEO age impacts positively both decisions, whereas firms that grant stock options to their CEOs do not rely too much on derivatives. However, the presence of outside blockholders seems not to affect the firms' hedging policy. |
| first_indexed | 2025-11-14T07:09:38Z |
| format | Journal Article |
| id | curtin-20.500.11937-14828 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:09:38Z |
| publishDate | 2010 |
| publisher | Inderscience Enterprise Ltd, UK |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-148282017-09-13T14:06:27Z Does ownership structure matter in explaining derivatives’ use policy in French listed firms Boubaker, S. Salma, M. Shaikh, Junaid The purpose of this study is to investigate the effect of ownership structure on derivatives' use policy. Using data for 262 French non-financial listed firms, the results show that the two decisions of whether to use derivatives or not and the extent of derivatives use are not affected by the same variables. CEO ownership has a negative effect on the decision to use derivatives, whereas CEO tenure length influences negatively the extent of derivative use. CEO age impacts positively both decisions, whereas firms that grant stock options to their CEOs do not rely too much on derivatives. However, the presence of outside blockholders seems not to affect the firms' hedging policy. 2010 Journal Article http://hdl.handle.net/20.500.11937/14828 10.1504/IJMFA.2010.033291 Inderscience Enterprise Ltd, UK restricted |
| spellingShingle | Boubaker, S. Salma, M. Shaikh, Junaid Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title | Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title_full | Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title_fullStr | Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title_full_unstemmed | Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title_short | Does ownership structure matter in explaining derivatives’ use policy in French listed firms |
| title_sort | does ownership structure matter in explaining derivatives’ use policy in french listed firms |
| url | http://hdl.handle.net/20.500.11937/14828 |