{"id":"https://openalex.org/W3121485472","doi":"https://doi.org/10.1111/1911-3846.12118","title":"The Effects of Norms on Investor Reactions to Derivative Use","display_name":"The Effects of Norms on Investor Reactions to Derivative Use","publication_year":2014,"publication_date":"2014-11-26","ids":{"openalex":"https://openalex.org/W3121485472","doi":"https://doi.org/10.1111/1911-3846.12118","mag":"3121485472"},"language":"en","primary_location":{"id":"doi:10.1111/1911-3846.12118","doi":"https://doi.org/10.1111/1911-3846.12118","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1911-3846.12118","pdf_url":null,"source":{"id":"https://openalex.org/S65924262","display_name":"Contemporary Accounting Research","issn_l":"0823-9150","issn":["0823-9150","1911-3846"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Accounting Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2094589","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086878229","display_name":"Lisa L. Koonce","orcid":"https://orcid.org/0000-0002-0768-6266","observed_orcids":["https://orcid.org/0000-0002-0768-6266"]},"institutions":[{"id":"https://openalex.org/I86519309","display_name":"The University of Texas at Austin","ror":"https://ror.org/00hj54h04","country_code":"US","type":"education","lineage":["https://openalex.org/I86519309"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lisa Koonce","raw_affiliation_strings":["The University of Texas at Austin"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The University of Texas at Austin","institution_ids":["https://openalex.org/I86519309"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Jeffrey Miller","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I107639228","display_name":"University of Notre Dame","ror":"https://ror.org/00mkhxb43","country_code":"US","type":"education","lineage":["https://openalex.org/I107639228"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jeffrey Miller","raw_affiliation_strings":["University of Notre Dame"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Notre Dame","institution_ids":["https://openalex.org/I107639228"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055759893","display_name":"Jennifer Winchel","orcid":"https://orcid.org/0000-0002-8866-050X","observed_orcids":["https://orcid.org/0000-0002-8866-050X"]},"institutions":[{"id":"https://openalex.org/I51556381","display_name":"University of Virginia","ror":"https://ror.org/0153tk833","country_code":"US","type":"education","lineage":["https://openalex.org/I51556381"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jennifer Winchel","raw_affiliation_strings":["University of Virginia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Virginia","institution_ids":["https://openalex.org/I51556381"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":45.0659,"has_fulltext":false,"cited_by_count":121,"citation_normalized_percentile":{"value":0.99707281,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"32","issue":"4","first_page":"1529","last_page":"1554"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9765999913215637,"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":0.9765999913215637,"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/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.020500000566244125,"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/T13366","display_name":"Accounting Theory and Financial Reporting","score":0.0010000000474974513,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/derivatives","display_name":"derivatives","score":0.675000011920929},{"id":"https://openalex.org/keywords/investor-reaction","display_name":"investor reaction","score":0.7139999866485596},{"id":"https://openalex.org/keywords/norms","display_name":"norms","score":0.453000009059906},{"id":"https://openalex.org/keywords/industry-norms","display_name":"industry norms","score":0.7540000081062317},{"id":"https://openalex.org/keywords/derivatives-use","display_name":"derivatives use","score":0.6190000176429749},{"id":"https://openalex.org/keywords/corporate-risk-management","display_name":"corporate risk management","score":0.8090000152587891},{"id":"https://openalex.org/keywords/investor-judgment","display_name":"investor judgment","score":0.48100000619888306},{"id":"https://openalex.org/keywords/financial-reporting","display_name":"financial reporting","score":0.6809999942779541}],"concepts":[{"id":"https://openalex.org/C111771559","wikidata":"https://www.wikidata.org/wiki/Q66295","display_name":"Derivative (finance)","level":2,"score":0.761622428894043},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.567815363407135},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.4419296085834503},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2917943000793457},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/1911-3846.12118","doi":"https://doi.org/10.1111/1911-3846.12118","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1911-3846.12118","pdf_url":null,"source":{"id":"https://openalex.org/S65924262","display_name":"Contemporary Accounting Research","issn_l":"0823-9150","issn":["0823-9150","1911-3846"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Accounting Research","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2094589","doi":"https://doi.org/10.2139/ssrn.2094589","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2094589","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2094589","doi":"https://doi.org/10.2139/ssrn.2094589","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2094589","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320319896","display_name":"Chartered Professional Accountants of Canada","ror":"https://ror.org/00tspxb31"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":46,"referenced_works":["https://openalex.org/W108061257","https://openalex.org/W141430544","https://openalex.org/W367306465","https://openalex.org/W611746160","https://openalex.org/W630121716","https://openalex.org/W631667562","https://openalex.org/W1429401608","https://openalex.org/W1495104896","https://openalex.org/W1516932470","https://openalex.org/W1517605942","https://openalex.org/W1972668474","https://openalex.org/W1984871604","https://openalex.org/W2000856666","https://openalex.org/W2012232727","https://openalex.org/W2017085775","https://openalex.org/W2022804428","https://openalex.org/W2035913094","https://openalex.org/W2039627964","https://openalex.org/W2054965424","https://openalex.org/W2061939045","https://openalex.org/W2070016633","https://openalex.org/W2081314276","https://openalex.org/W2091706550","https://openalex.org/W2096365673","https://openalex.org/W2115217290","https://openalex.org/W2122131936","https://openalex.org/W2129564570","https://openalex.org/W2130533816","https://openalex.org/W2130950828","https://openalex.org/W2140776477","https://openalex.org/W2151937842","https://openalex.org/W2160568625","https://openalex.org/W2325605806","https://openalex.org/W2333216399","https://openalex.org/W3122066247","https://openalex.org/W3122250801","https://openalex.org/W3123217102","https://openalex.org/W3123392810","https://openalex.org/W3123397465","https://openalex.org/W3124086656","https://openalex.org/W3124253274","https://openalex.org/W3124293565","https://openalex.org/W3124314758","https://openalex.org/W3125373920","https://openalex.org/W4212838134","https://openalex.org/W4242732483"],"related_works":["https://openalex.org/W2091706550","https://openalex.org/W1920558485","https://openalex.org/W1592172106","https://openalex.org/W4386221769","https://openalex.org/W7083576341","https://openalex.org/W1996407040","https://openalex.org/W2802638421","https://openalex.org/W2295459023","https://openalex.org/W7043701801","https://openalex.org/W7216618743"],"abstract_inverted_index":{"Abstract":[0],"Prior":[1],"research":[2],"indicates":[3],"that":[4,59,76,105,138],"a":[5,25],"firm's":[6,126],"use":[7,83,128],"of":[8,56,69,121,134],"derivatives":[9,38,71],"to":[10,81,125],"manage":[11],"business":[12],"risks":[13],"is":[14],"viewed":[15,112],"favorably":[16],"by":[17,39,114],"investors.":[18,115],"However,":[19],"these":[20],"studies":[21],"do":[22],"not":[23,111],"consider":[24],"potentially":[26],"key":[27],"factor":[28],"in":[29,42,65,142],"this":[30,50],"setting\u2014namely,":[31],"the":[32,43,46,54,77,132],"typical":[33],"behavior":[34],"(or":[35],"norms)":[36],"regarding":[37],"other":[40],"firms":[41],"industry":[44,96,106],"or":[45,97],"firm":[47,98,108,151],"itself.":[48],"In":[49],"paper,":[51],"we":[52,103],"report":[53],"results":[55,74,117,147],"multiple":[57],"experiments":[58],"test":[60],"whether":[61],"norms":[62,109,135],"are":[63,93,110],"influential":[64],"affecting":[66],"investors\u2019":[67,140],"evaluations":[68],"firms\u2019":[70,90],"choices.":[72],"Our":[73,146],"show":[75],"generally":[78],"favorable":[79],"reactions":[80],"derivative":[82,91,127,156],"actually":[84],"reverse":[85],"and":[86,107,130],"become":[87],"unfavorable":[88],"when":[89],"decisions":[92,129,154],"inconsistent":[94],"with":[95],"norms.":[99],"Somewhat":[100],"surprisingly,":[101],"though,":[102],"find":[104],"similarly":[113],"These":[116],"expand":[118],"our":[119],"understanding":[120],"how":[122],"investors":[123],"respond":[124],"demonstrate":[131],"role":[133],"as":[136],"factors":[137],"influence":[139],"judgments":[141],"financial":[143],"reporting":[144],"settings.":[145],"have":[148],"implications":[149],"for":[150],"managers":[152],"making":[153],"about":[155],"use.":[157]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":13},{"year":2020,"cited_by_count":20},{"year":2019,"cited_by_count":18},{"year":2018,"cited_by_count":12},{"year":2017,"cited_by_count":14},{"year":2016,"cited_by_count":11},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":4}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2021-02-01T00:00:00"}