S
Söhnke M. Bartram
Researcher at University of Warwick
Publications - 135
Citations - 6837
Söhnke M. Bartram is an academic researcher from University of Warwick. The author has contributed to research in topics: Corporate finance & Foreign exchange risk. The author has an hindex of 41, co-authored 134 publications receiving 6276 citations. Previous affiliations of Söhnke M. Bartram include Maastricht University & State Street Global Advisors.
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International Evidence on Financial Derivatives Usage
TL;DR: In this paper, the authors show that traditional tests of these explanations result in little explanatory power for determining which firms use derivatives, and that risk management choices are determined endogenously with other financial and operating decisions in ways that are intuitive but difficult to attribute to specific theories.
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The Effects of Derivatives on Firm Risk and Value
TL;DR: The authors examined the effect of derivative use on firm risk and value using a large sample of non-financial firms from 47 countries and found strong evidence that the use of financial derivatives reduces both total risk and systematic risk.
Journal ArticleDOI
International evidence on financial derivatives usage
TL;DR: The authors show that derivative usage is determined endogenously with other financial and operating decisions in ways that are intuitive but not related to specific theories for why firms hedge, such as the level and maturity of debt, dividend policy, holdings of liquid assets, and international operating hedging.
Journal ArticleDOI
The Effects of Derivatives on Firm Risk and Value
TL;DR: This article examined the effect of derivative use on firm risk and value using a large sample of non-financial firms from 47 countries, and found strong evidence that the use of financial derivatives reduces both total risk and systematic risk.
Posted Content
Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure
TL;DR: In this paper, the authors extend prior theoretical results to model a global firm's FX exposure and show empirically that firms pass through part of currency changes to customers and utilize both operational and financial hedges.