An exploration of the usefulness of the disclosures for derivatives in company annual reports

摘要

The objective of the thesis was to explore whether the disclosure of derivatives transactions in company annual reports provides users with information that is useful, and to the extent that they do not, identify possible reasons. User perceptions of usefulness were examined through in-depth interviews, complemented by an analysis of the evolution of applicable international accounting standards over a ten-year period. Findings from both studies highlight that the disclosure of risk management strategies and risk exposures are demanded by users, and resisted by companies.