129618 20240104102231.0 doi 10.1016/j.frl.2020.101573 sideral 118729 ART-2021-118729 eng Bachiller, Patricia Universidad de Zaragoza (orcid)0000-0001-6661-1128 Financial derivatives and firm value: What have we learned? 2021 Despite 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. Access copy available to the general public Unrestricted info:eu-repo/grantAgreement/ES/DGA-FEDER/S56-17R info:eu-repo/grantAgreement/ES/UZ/JIUZ-2018-SOC-01 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 9.846 2021 BUSINESS, FINANCE 1 / 111 = 0.009 2021 Q1 T1 2.007 2021 Finance 2021 Q1 9.3 2021 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Boubaker, S. Mefteh-Wali, S. 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 39 (2021), 101573 [9 pp.] Finance res. lett. Finance Research Letters 1544-6123 259454 http://zaguan.unizar.es/record/129618/files/texto_completo.pdf Postprint 1138527 http://zaguan.unizar.es/record/129618/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:129618 articulos driver 2024-01-04-09:05:52 ARTICLE