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.
Authors | Ciro, Tony and Terzioglu, Bulend |
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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. |
Year | 2018 |
Journal | Journal of Banking and Finance: Law and Practice |
Journal citation | 29, pp. 92-108 |
Publisher | Lawbook Co. |
ISSN | 1034-3040 |
Web address (URL) | https://anzlaw.thomsonreuters.com/Document/Ia43ac3b39c8111ea89ea91c88091df40/View/FullText.html?transitionType=Default&contextData=(sc.Default)&VR=3.0&RS=cblt1.0 |
Page range | 92-108 |
Publisher's version | License All rights reserved File Access Level Controlled |
Output status | Published |
Publication dates | |
Online | 2018 |
Publication process dates | |
Deposited | 02 Aug 2023 |
https://acuresearchbank.acu.edu.au/item/8z70v/disclosures-and-reporting-of-financial-derivatives-evidence-from-australia-s-s-p-asx-50-listed-firms
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