000129618 001__ 129618 000129618 005__ 20240104102231.0 000129618 0247_ $$2doi$$a10.1016/j.frl.2020.101573 000129618 0248_ $$2sideral$$a118729 000129618 037__ $$aART-2021-118729 000129618 041__ $$aeng 000129618 100__ $$0(orcid)0000-0001-6661-1128$$aBachiller, Patricia$$uUniversidad de Zaragoza 000129618 245__ $$aFinancial derivatives and firm value: What have we learned? 000129618 260__ $$c2021 000129618 5060_ $$aAccess copy available to the general public$$fUnrestricted 000129618 5203_ $$aDespite an enormous amount of research on the relationship between financial hedging and firm performance, the literature provides so far no clear-cut findings on whether the use of derivatives results in higher firm valuation. Using a meta-analysis of 51 studies, this research explains whether the absence of a consensus is due to different country specificities and hedging types. The findings show that the use of foreign currency derivatives, alone or along with other types of derivatives, drives firm value positively. They also show that hedging presents an economic advantage for all firms, especially those from common law and developed countries. 000129618 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FEDER/S56-17R$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2018-SOC-01 000129618 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000129618 590__ $$a9.846$$b2021 000129618 591__ $$aBUSINESS, FINANCE$$b1 / 111 = 0.009$$c2021$$dQ1$$eT1 000129618 592__ $$a2.007$$b2021 000129618 593__ $$aFinance$$c2021$$dQ1 000129618 594__ $$a9.3$$b2021 000129618 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000129618 700__ $$aBoubaker, S. 000129618 700__ $$aMefteh-Wali, S. 000129618 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000129618 773__ $$g39 (2021), 101573 [9 pp.]$$pFinance res. lett.$$tFinance Research Letters$$x1544-6123 000129618 8564_ $$s259454$$uhttps://zaguan.unizar.es/record/129618/files/texto_completo.pdf$$yPostprint 000129618 8564_ $$s1138527$$uhttps://zaguan.unizar.es/record/129618/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000129618 909CO $$ooai:zaguan.unizar.es:129618$$particulos$$pdriver 000129618 951__ $$a2024-01-04-09:05:52 000129618 980__ $$aARTICLE