The impact of derivatives on firm risk: An empirical examination of new derivative users 1 I gratefully acknowledge the valuable comments and guidance of my dissertation committee: Michael Barclay, Clifford Smith, Ross Watts, and especially S.P. Kothari (Chair). I wish to thank Ray Ball, Greg Bauer, Anne Beatty, Dan Gode, Jarrad Harford, Ludger Hentschel, Aditya Kaul, Jonathan Lewellen, Jay Shanken, Jerry Warner, Jerry Zimmerman (the editor), an anonymous referee, participants at the 1998 JAE Conference, and workshop participants at UC Berkeley, UCLA, University of Chicago, Cornell, Duke, Harvard, London Business School, University of Michigan, UNC Chapel Hill, USC, University of Washington, and The Wharton School for their valuable comments. 1
Titel:
The impact of derivatives on firm risk: An empirical examination of new derivative users 1 I gratefully acknowledge the valuable comments and guidance of my dissertation committee: Michael Barclay, Clifford Smith, Ross Watts, and especially S.P. Kothari (Chair). I wish to thank Ray Ball, Greg Bauer, Anne Beatty, Dan Gode, Jarrad Harford, Ludger Hentschel, Aditya Kaul, Jonathan Lewellen, Jay Shanken, Jerry Warner, Jerry Zimmerman (the editor), an anonymous referee, participants at the 1998 JAE Conference, and workshop participants at UC Berkeley, UCLA, University of Chicago, Cornell, Duke, Harvard, London Business School, University of Michigan, UNC Chapel Hill, USC, University of Washington, and The Wharton School for their valuable comments. 1
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