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Hedge or Speculation? Evidence of the use of derivatives by Brazilian firms during the financial crisis

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  • Rossi, José Luiz Júnior

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  • Rossi, José Luiz Júnior, 2011. "Hedge or Speculation? Evidence of the use of derivatives by Brazilian firms during the financial crisis," Insper Working Papers wpe_243, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
    • Handle: RePEc:ibm:ibmecp:wpe_243
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    File URL: http://www.insper.edu.br/wp-content/uploads/2012/10/2011_wpe243.pdf
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    References listed on IDEAS

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    1. Fernando N. de Oliveira & Walter Novaes, 2007. "Demand for Foreign Exchange Derivatives in Brazil: Hedge or Speculation," Working Papers Series 152, Central Bank of Brazil, Research Department.
    2. Beber, Alessandro & Fabbri, Daniela, 2012. "Who times the foreign exchange market? Corporate speculation and CEO characteristics," Journal of Corporate Finance, Elsevier, vol. 18(5), pages 1065-1087.
    3. Martin Schneider & Aaron Tornell, 2004. "Balance Sheet Effects, Bailout Guarantees and Financial Crises," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(3), pages 883-913.
    4. José Luiz Rossi Júnior, 2007. "The Use of Currency Derivatives by Brazilian Companies: An Empirical Investigation," Brazilian Review of Finance, Brazilian Society of Finance, vol. 5(2), pages 205-232.
    5. Gregory W. Brown & Peter R. Crabb & David Haushalter, 2006. "Are Firms Successful at Selective Hedging?," The Journal of Business, University of Chicago Press, vol. 79(6), pages 2925-2950, November.
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    Cited by:

    1. Sam Ashman & Ben Fine & Ewa Karwowski, 2021. "The Relevance of Financialization for African Economies: Lessons from South Africa," Working Papers 245, Department of Economics, SOAS University of London, UK.

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