Risk Management with Derivatives by Dealers and Market Quality in Government Bond Markets

The Determinants of Firms' Hedging Policies

1985 • 3,317 citations

Risk Management: Coordinating Corporate Investment and Financing Policies

1993 • 3,031 citations

Price, trade size, and information in securities markets

1987 • 2,249 citations

Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry

1996 • 1,378 citations

On the Determinants of Corporate Hedging

1993 • 1,246 citations

Why Firms Use Currency Derivatives

1997 • 1,225 citations

RETHINKING RISK MANAGEMENT

1996 • 1,220 citations

Stealth trading and volatility

1993 • 1,007 citations

Dealership market

1980 • 998 citations

Optimal Hedging Policies

1984 • 981 citations

Risk management, capital budgeting, and capital structure policy for financial institutions: An integrated approach

1998 • 911 citations

Exchange rate exposure, hedging, and the use of foreign currency derivatives

2001 • 905 citations

The Dynamics of Dealer Markets Under Competition

1983 • 790 citations

Corporate Incentives for Hedging and Hedge Accounting

1995 • 771 citations

Evidence on Corporate Hedging Policy

1996 • 730 citations

One Day in the Life of a Very Common Stock

1997 • 683 citations

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects

1996 • 645 citations

How much do firms hedge with derivatives?

2003 • 617 citations

Tests of microstructural hypotheses in the foreign exchange market

1995 • 559 citations

Do Managerial Motives Influence Firm Risk Reduction Strategies?

1995 • 491 citations

Tax Incentives to Hedge

1999 • 463 citations

The impact of derivatives on firm risk: An empirical examination of new derivative users

1999 • 422 citations

How Are Derivatives Used? Evidence from the Mutual Fund Industry

1999 • 415 citations

Hedging and the Competitive Firm under Price Uncertainty

1979 • 406 citations

Are Corporations Reducing or Taking Risks with Derivatives?

2001 • 368 citations

Friction in the trading process and the estimation of systematic risk

1983 • 362 citations

Price Formation and Equilibrium Liquidity in Fragmented and Centralized Markets

1993 • 351 citations

Hedging and Coordinated Risk Management: Evidence from Thrift Conversions

1998 • 289 citations

Corporate financial hedging with proprietary information

1991 • 268 citations

Cross Hedging

1981 • 263 citations

Hedging and Liquidity

2000 • 247 citations

Do Inventories Matter in Dealership Markets? Evidence from the London Stock Exchange

1998 • 233 citations

Risk Measurement and Hedging: With and without Derivatives

2000 • 230 citations

Hedging, Leverage, and Primitive Risk

1998 • 197 citations

The Use of Interest Rate Futures and Options by Corporate Financial Managers

1986 • 139 citations

Preferencing, Internalization, Best Execution, and Dealer Profits

1999 • 132 citations

Hedging and Joint Production: Theory and Illustrations

1980 • 115 citations

IDENTIFYING, MEASURING, AND HEDGING CURRENCY RISK AT MERCK

1990 • 115 citations

Convertible Bonds Are Not Called Late

1995 • 108 citations

Do Inventories Matter In Dealership Markets? Evidence From the London Stock Exchange

1997 • 97 citations

Do Managerial Motives Influence Firm Risk Reduction Strategies?

1995 • 86 citations

Derivative activities and managerial incentives in the banking industry

1999 • 82 citations

The Quality Delivery Option in Treasury Bond Futures Contracts

1990 • 81 citations

How Much do Firms Hedge with Derivatives?

2001 • 72 citations

Valuation and Optimal Exercise of the Wild Card Option in the Treasury Bond Futures Market

1986 • 50 citations

Hedging with Mispriced Futures

1988 • 46 citations

Asymmetric Information: A Rationale for Corporate Speculation

1994 • 36 citations

Choices Among Alternative Risk Management Strategies: Evidence from the Natural Gas Industry

2000 • 31 citations

The Microstructure of the UK Gilt Market

1995 • 27 citations

BANC ONE CORPORATION: ASSET AND LIABILITY MANAGEMENT

1994 • 23 citations

Quality Option Profits, Switching Option Profits, and Variation Margin Costs: An Evaluation of Their Size and Impact on Treasury Bond Futures Prices

1990 • 22 citations

Are Firms Successful at 'Selective' Hedging?

2001 • 20 citations

A Global Stock and Bond Model

1996 • 15 citations

American Barrick Resources Corporation: Managing Gold Price Risk

1997 • 14 citations

Corporate Risk Management and Optimal Hedging Disclosure

1998 • 14 citations

The role of corporate hedging: Evidence from oil and gas producers

1996 • 11 citations

Hedging and Gambling: Corporate Risk Choice When Informing the Market

1996 • 10 citations

Do Dealer Firms Manage Inventory on a Stock-by-Stock or a Portfolio Basis?

2002 • 7 citations

The characteristics of derivatives users: An analysis of the thrift industry

1997 • 5 citations

Do Correlated Exposures Influence Intermediary Decision-making?
 Evidence from Trading Behavior of Equity Dealers

2001 • 4 citations