Corporate Usage of Financial Derivatives under IAS 39 Requirements: Evidence from the Emerging Capital Market of Jordan
Seif Obeid ALshbiel, Yasean Abd Alrahman Tahat

Abstract
The main aim of this paper is to examine the corporate usage of derivative for Jordanian listed companies. In particular, the current study examines to what extent Jordanian listed companies use such instruments according the requirements of the International Accounting Standard No. 39. Employing a questionnaire survey, the general findings indicate that 60% of the sample firm use derivatives in their operations primarily hedge against future transactions. In addition, the study pointed out that large companies tend to use such instruments more than their small counterpart. For time and sourcing issue, the current study investigates the usage of derivatives for both services and manufacturing companies listed in the first market of the Jordanian capital market. Hence, future research needs reexamine the same issue using different sectors and covering companies listed in the second market.

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