| Article Details : |
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| | | Article Name : | | | Factors Determining the Use of Financial
Derivatives by Selected Banks Listed on the Ghana
Stock Exchange
| | Author Name : | | | SANDRA ASANTEWA AMPOFO1
EVANS OPOKU-MENSAH, EWURABENA ANINIWAA DARKWAH
| | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | This paper examines the factors that influence the use of
financial derivatives by selected banks listed on the Ghana Stock
Exchange (GSE). Using data selected from seven banks for the period
2007 – 2014, two key hypotheses were tested: firm size hypothesis
(FSH) and financial distress hypothesis (FDH). The study finds that
the factors that influence the use of financial derivatives in Ghana
banks are bank size, financial distress indicators such as return on
equity, current ratio and interest cover ratio. We, however, found that
debt to equity has no significant effect on the use of financial
derivatives. We argue that the insignificant relationship could be
attributed to the fact that debt to equity is not a good measure of a
bank’s debt level.
| | Keywords : | | | Bank Size, Determinants, derivatives, Financial Distress |
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