Derivative disclosures and managerial opportunism
(2023)
Journal Article
He, G., & Ren, H. M. (2023). Derivative disclosures and managerial opportunism. Journal of Futures Markets, https://doi.org/10.1002/fut.22472
Derivatives are increasingly used by managers not only to hedge risks but also to pursue nonhedging activities for fulfilling opportunistic incentives. The Statement of Financial Accounting Standards No. 161 (SFAS 161) requires firms to disclose thei... Read More about Derivative disclosures and managerial opportunism.