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Derivatives Use and Analysts' Earnings Forecast Accuracy

dc.contributor.authorMefteh, Salma
dc.contributor.authorBoubaker, Sabri
dc.contributor.authorLabégorre, Florence
dc.date.accessioned2015-06-05T10:03:46Z
dc.date.available2015-06-05T10:03:46Z
dc.date.issued2012-04
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15170
dc.language.isoenen
dc.subjectAnalysts' forecastsen
dc.subjectFranceen
dc.subjectDerivatives useen
dc.subjectHedgingen
dc.subject.ddc332en
dc.subject.classificationjelF31en
dc.subject.classificationjelG32en
dc.titleDerivatives Use and Analysts' Earnings Forecast Accuracyen
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherESSCA School of Management, LUNAM University;France
dc.contributor.editoruniversityotherChampagne School of Management, Groupe ESC Troyes;France
dc.contributor.editoruniversityotherUniversité de Paris Est;France
dc.contributor.editoruniversityotherUniversité des Sciences et Technologies de Lille;France
dc.description.abstractenThis paper examines whether the use of derivatives improves firms' information environment, which is a relatively under-investigated research area in risk management literature. Using a sample of French non-financial listed firms, we show that firms which use derivatives enjoy high levels of forecast accuracy relative to firms that do not. This result is in accord with the arguments developed by DeMarzo and Duffie (1995) and Breeden and Vishwanathan (1998) suggesting that hedging is an important means of reducing information asymmetry.en
dc.relation.isversionofjnlnameFrontiers in finance and economics
dc.relation.isversionofjnlvol9en
dc.relation.isversionofjnlissue1en
dc.relation.isversionofjnldate2012-04
dc.relation.isversionofjnlpages51-86en
dc.relation.isversionofjnlpublisherInternational Society Intercommunication of New Ideasen
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen


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