A Survey into the Use of Derivatives by Large Non-Financial Firms Operating in Belgium

Posted: 30 May 2000

See all articles by Marc J. K. de Ceuster

Marc J. K. de Ceuster

University of Antwerp - Faculty of Applied Economics - City Campus

Eddy Laveren

University of Antwerp

Jozef Lodewyckx

University of Antwerp

Abstract

Empirical evidence on the use of derivatives for risk management on the European continent is virtually non-existent. To fill this gap, our survey documents the usage of derivatives by non-financial large firms operating in Belgium. This paper provides descriptive evidence with respect to several questions that are raised in the literature. Why do firms hedge? Which financial risks are being managed? How widespread is the use of derivatives? Which derivatives are used for which purposes? How is a risk management policy implemented? How are performance measurement and reporting structured?

Keywords: Derivatives, Risk Management, Hedging

JEL Classification: G13, G31, G38, M40

Suggested Citation

de Ceuster, Marc J. K. and Laveren, Eddy and Lodewyckx, Jozef, A Survey into the Use of Derivatives by Large Non-Financial Firms Operating in Belgium. European Financial Management, Vol. 6, No. 3, September 2000. Available at SSRN: https://ssrn.com/abstract=228795

Marc J. K. De Ceuster (Contact Author)

University of Antwerp - Faculty of Applied Economics - City Campus ( email )

Office B-337
Prinsstraat 13
Antwerp, Antwerp 2000
Belgium
+ 32 3 220 41 24 (Phone)
+ 32 3 220 40 64 (Fax)

HOME PAGE: http://www.ua.ac.be/marc.deceuster

Eddy Laveren

University of Antwerp ( email )

Faculty of Applied Economics
Prinsstraat 13
Antwerpen, 2000
Belgium
+32 3 220 4086 (Phone)
+32 3 220 4064 (Fax)

Jozef Lodewyckx

University of Antwerp

Prinsstraat 13
Antwerpen, Antwerp B-2000
Belgium

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