Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 300

The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.

Empirical Evidence on the Corporate Use of Derivatives

Berkman, Henk, Bradbury, Michael E.·1996·Financial Management
DOI 10.2307/3665985
Open this paper in CoChat — free account

Abstract

Theory indicates that hedging can increase firm value by reducing expected taxes, expected costs of financial distress, and other agency costs. Prior research, based on survey data, has found only weak evidence consistent with theory. This study provides evidence on the corporate use of derivative instruments from the 1994 audited financial statements of 116 firms. We use the fair and contract values scaled by the market value of each firm to measure the extent of derivatives usage and generally in line with theoretical models of corporate risk management.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.2307/3665985

Cites

11 of 11 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 11 references

Cited by

See all 300

Metadata

Authors
Berkman, H., & Bradbury, M. E.
Venue
Financial Management
Publisher
Wiley
Published
1996
Volume
25
Issue
2
Pages
5
ISSN
0046-3892 (ISSN-L)
DOI
10.2307/3665985
OpenAlex
W2074453028
Cited by
300
References
11
FWCI
34.98
Type
journal article
Language
en
Open access
closed

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: Empirical Evidence on the Corporate Use of Derivatives. https://app.cochat.ai/papers/10.2307/3665985
The paper
Berkman, H., & Bradbury, M. E. (1996). Empirical Evidence on the Corporate Use of Derivatives. Financial Management. https://doi.org/10.2307/3665985

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.