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Foreign Currency Derivatives and Their Impact on Firm Value - A study on Swedish Non-Financial Firms

Garibovic, Lejla LU (2015) BUSN88 20151
Department of Business Administration
Abstract
This paper empirically examines the relationship between firm value and the usage of currency derivatives for 85 non-financial Swedish firms listed on Stockholm Stock Exchange. The sample includes firms operating in a wide range of industries and with different sizes. The time period for the data is from 2005 to 2010. There is no proof of an existing relationship between currency derivative usage and firm value. The most significant result indicates that a negative correlation between leverage and firm value exists.
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author
Garibovic, Lejla LU
supervisor
organization
course
BUSN88 20151
year
type
H1 - Master's Degree (One Year)
subject
keywords
Risk management, firm value, Tobin’s Q, currency derivatives, foreign exchange derivatives, FX risk, FCD
language
English
id
7359398
date added to LUP
2015-06-29 12:40:00
date last changed
2015-06-29 12:40:00
@misc{7359398,
  abstract     = {This paper empirically examines the relationship between firm value and the usage of currency derivatives for 85 non-financial Swedish firms listed on Stockholm Stock Exchange. The sample includes firms operating in a wide range of industries and with different sizes. The time period for the data is from 2005 to 2010. There is no proof of an existing relationship between currency derivative usage and firm value. The most significant result indicates that a negative correlation between leverage and firm value exists.},
  author       = {Garibovic, Lejla},
  keyword      = {Risk management,firm value,Tobin’s Q,currency derivatives,foreign exchange derivatives,FX risk,FCD},
  language     = {eng},
  note         = {Student Paper},
  title        = {Foreign Currency Derivatives and Their Impact on Firm Value - A study on Swedish Non-Financial Firms},
  year         = {2015},
}