Disclosures and reporting of financial derivatives : Evidence from Australia’s S&P/ASX 50 listed firms

Journal article


Ciro, Tony and Terzioglu, Bulend. (2018). Disclosures and reporting of financial derivatives : Evidence from Australia’s S&P/ASX 50 listed firms. Journal of Banking and Finance: Law and Practice. 29, pp. 92-108.
AuthorsCiro, Tony and Terzioglu, Bulend
Abstract

In the immediate aftermath of the global financial crisis (GFC) the use of complex financial derivatives in the form of residential mortgage backed securities and collaterised debt obligation securities attracted widespread regulatory attention. The link between the genesis of the crisis and complex financial instruments was established through a number of important inquiries both in the US and elsewhere, including in Australia. The use of financial derivatives by Australian entities had also become quite prominent during the GFC. This article presents an empirical snapshot of the use of financial derivatives by the top 50 listed entities on the Australian Securities Exchange in the immediate aftermath of the GFC. It also provides a time comparison from 2007 through to 2016 with the aim of shedding light on the different types, nature, scope and risks attached to the use of financial derivatives by Australia's S&P/ASX 50 listed entities by market capitalisation.

Year2018
JournalJournal of Banking and Finance: Law and Practice
Journal citation29, pp. 92-108
PublisherLawbook Co.
ISSN1034-3040
Web address (URL)https://anzlaw.thomsonreuters.com/Document/Ia43ac3b39c8111ea89ea91c88091df40/View/FullText.html?transitionType=Default&contextData=(sc.Default)&VR=3.0&RS=cblt1.0
Page range92-108
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Online2018
Publication process dates
Deposited02 Aug 2023
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