Corporate usage of financial derivatives
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Hoa Nguyen; Robert Faff; Allan Hodgson
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Article
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2010
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John Wiley and Sons
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English
β 124 KB
## Abstract This article investigates whether financial derivative usage by Australian corporations constitutes information asymmetry when proxied by profitable trading in the firms' securities by insiders. The findings show that insiders who trade in companies that employ derivatives make larger p