Andrew Marshall

TL;DR: In this paper, the authors present the results of surveys of treasurers of large UK companies to questions about their derivative use and examine the extent of derivative use, the reasons for their use, perceived risks associated with derivatives, what sort of controls are in place to monitor the use of derivatives, and, finally, reporting practices which govern the disclosure of derivative practices.

TL;DR: In this paper, a survey of foreign exchange risk management practices of large UK, USA and Asia Pacific multinational companies was conducted, and the results showed that there are statistically significant regional differences in the importance and objectives of risk management, the emphasis on translation and economic exposures, the internal/external techniques used in managing foreign currency risk and the policies in dealing with economic exposures.

TL;DR: In this article, the degree of transparency observed when disclosures of foreign exchange risk management in financial statements are compared to managerial information on FX risk management policy, as evidenced in questionnaire responses, is investigated.

TL;DR: In this paper, a study of the trading characteristics of UK company directors was carried out and it was shown that although the close period affects the timing of director trades, it is unable to affect their performance or distribution.

TL;DR: In this article, the authors examine the financial performance of UK listed companies surrounding the announcement of permanent employee layoffs and conclude that layoffs represent an efficient response to poor financial conditions, but that their occurrence is strongly dependent on pressure from external control markets.