Hedging using Derivatives: A Study of Non-Financial Firms in the UK

Using data from annual reports for the fiscal year ending 2005, this paper presents evidence on the use of derivatives by non-financial firms in the United Kingdom. We find that non-financial firms generally only use derivatives for hedging purposes and that there is very little evidence of non-fina...

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Bibliographic Details
Main Author: Smith, Christopher
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2006
Subjects:
Online Access:https://eprints.nottingham.ac.uk/20766/