摘要：We avail of International Accounting Standards IFRS 7 to investigate the usage and motivation of hedging by non-financial Australian firms. We examine the usage of derivative instruments in relation to features such as firm size, the firm’s return on equity, leverage, and growth characteristics. The results of our panel data logistic regression indicate that the use of hedging instruments in Australia is influenced positively by the firm’s gearing ratio and negatively by its propensity to growth.
