{"id":"https://openalex.org/W2120464004","doi":"https://doi.org/10.1080/13504850802297822","title":"Does the type of derivative instrument used by companies impact firm value?","display_name":"Does the type of derivative instrument used by companies impact firm value?","publication_year":2008,"publication_date":"2008-10-13","ids":{"openalex":"https://openalex.org/W2120464004","doi":"https://doi.org/10.1080/13504850802297822","mag":"2120464004"},"language":"en","primary_location":{"id":"doi:10.1080/13504850802297822","doi":"https://doi.org/10.1080/13504850802297822","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13504850802297822","pdf_url":null,"source":{"id":"https://openalex.org/S96544531","display_name":"Applied Economics Letters","issn_l":"1350-4851","issn":["1350-4851","1466-4291"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics Letters","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://figshare.com/articles/journal_contribution/Does_the_type_of_derivative_instrument_used_by_companies_impact_firm_value_/21054814","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101435183","display_name":"Hoa Nguyen","orcid":"https://orcid.org/0000-0003-0813-4997","observed_orcids":["https://orcid.org/0000-0003-0813-4997"]},"institutions":[{"id":"https://openalex.org/I149704539","display_name":"Deakin University","ror":"https://ror.org/02czsnj07","country_code":"AU","type":"education","lineage":["https://openalex.org/I149704539"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Hoa Nguyen","raw_affiliation_strings":["School of Accounting, Economics and Finance, Faculty of Business and Law, Deakin University, 225 Burwood Highway, Burwood, Victoria, 3125, Australia","Deakin University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Accounting, Economics and Finance, Faculty of Business and Law, Deakin University, 225 Burwood Highway, Burwood, Victoria, 3125, Australia","institution_ids":["https://openalex.org/I149704539"]},{"raw_affiliation_string":"Deakin University","institution_ids":["https://openalex.org/I149704539"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5066686727","display_name":"Robert W. Faff","orcid":"https://orcid.org/0000-0001-6867-9599","observed_orcids":["https://orcid.org/0000-0001-6867-9599"]},"institutions":[{"id":"https://openalex.org/I56590836","display_name":"Monash University","ror":"https://ror.org/02bfwt286","country_code":"AU","type":"education","lineage":["https://openalex.org/I56590836"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Robert Faff","raw_affiliation_strings":["Department of Accounting and Finance, Faculty of Business and Economics, PO Box 11E, Monash University, Clayton, Victoria, 3800, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Faculty of Business and Economics, PO Box 11E, Monash University, Clayton, Victoria, 3800, Australia","institution_ids":["https://openalex.org/I56590836"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5066686727"],"corresponding_institution_ids":["https://openalex.org/I56590836"],"apc_list":null,"apc_paid":null,"fwci":1.0862,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.91552198,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"17","issue":"7","first_page":"681","last_page":"683"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.022099999710917473,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/derivatives","display_name":"derivatives","score":0.9369999766349792},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9760000109672546},{"id":"https://openalex.org/keywords/swaps","display_name":"swaps","score":0.7319999933242798},{"id":"https://openalex.org/keywords/future","display_name":"future","score":0.9769999980926514},{"id":"https://openalex.org/keywords/forwards","display_name":"forwards","score":0.984000027179718},{"id":"https://openalex.org/keywords/options","display_name":"options","score":0.9980000257492065},{"id":"https://openalex.org/keywords/corporate-hedging","display_name":"corporate hedging","score":0.8119999766349792},{"id":"https://openalex.org/keywords/australian-firms","display_name":"Australian firms","score":0.8399999737739563}],"concepts":[{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.8105635643005371},{"id":"https://openalex.org/C111771559","wikidata":"https://www.wikidata.org/wiki/Q66295","display_name":"Derivative (finance)","level":2,"score":0.7885847687721252},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6377649903297424},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5883240699768066},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.5865632891654968},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5831101536750793},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.356839656829834},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.35555022954940796},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33927369117736816},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2965480089187622},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1879504919052124},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.11241573095321655},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0895267128944397},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1080/13504850802297822","doi":"https://doi.org/10.1080/13504850802297822","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13504850802297822","pdf_url":null,"source":{"id":"https://openalex.org/S96544531","display_name":"Applied Economics Letters","issn_l":"1350-4851","issn":["1350-4851","1466-4291"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics Letters","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:dkn:acctwp:aef_2007_15","doi":null,"is_oa":false,"landing_page_url":"http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2007_15aef.pdf","pdf_url":"http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2007_15aef.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"mag:3122275679","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:dkn:acctwp:aef_2007_15","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:taf:apeclt:v:17:y:2010:i:7:p:681-683","doi":null,"is_oa":false,"landing_page_url":"http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850802297822&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:figshare.com:article/21054814","doi":null,"is_oa":true,"landing_page_url":"https://figshare.com/articles/journal_contribution/Does_the_type_of_derivative_instrument_used_by_companies_impact_firm_value_/21054814","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Text"}],"best_oa_location":{"id":"pmh:oai:figshare.com:article/21054814","doi":null,"is_oa":true,"landing_page_url":"https://figshare.com/articles/journal_contribution/Does_the_type_of_derivative_instrument_used_by_companies_impact_firm_value_/21054814","pdf_url":null,"source":{"id":"https://openalex.org/S4377196282","display_name":"Figshare","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210132348","host_organization_name":"Figshare (United Kingdom)","host_organization_lineage":["https://openalex.org/I4210132348"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Text"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W200034327","https://openalex.org/W1928467090","https://openalex.org/W2026907542","https://openalex.org/W2034050484","https://openalex.org/W2088894329","https://openalex.org/W2098372183","https://openalex.org/W2106135080","https://openalex.org/W2115846503","https://openalex.org/W2145143570","https://openalex.org/W2168066498","https://openalex.org/W3122250801","https://openalex.org/W3125217200","https://openalex.org/W3125499517"],"related_works":["https://openalex.org/W2901256527","https://openalex.org/W7018205999","https://openalex.org/W4399090146","https://openalex.org/W2904631137","https://openalex.org/W126007620","https://openalex.org/W2894228112","https://openalex.org/W7046966055","https://openalex.org/W6990591076","https://openalex.org/W2364313762","https://openalex.org/W2268412392"],"abstract_inverted_index":{"We":[0],"explore":[1],"the":[2,5,23,26,36],"relationship":[3],"between":[4],"type":[6],"of":[7,17,25,29,38,56],"derivative":[8],"instrument":[9],"used":[10],"and":[11,33,35],"firm":[12,42],"value,":[13],"in":[14],"a":[15,48],"sample":[16],"Australian":[18],"firms.":[19],"Specifically,":[20],"we":[21],"examine":[22],"impact":[24],"corporate":[27],"use":[28],"swaps,":[30],"futures,":[31],"forwards":[32],"options,":[34],"extent":[37],"such":[39],"usage,":[40],"on":[41,54],"value.":[43],"Our":[44],"findings":[45],"suggest":[46],"that":[47],"\u2018discount\u2019":[49],"is":[50],"most":[51],"severely":[52],"imposed":[53],"users":[55],"swaps.":[57]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":4},{"year":2013,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}