Mohamed Rochdi Keffala and Christinan De Peretti
Savings and Development Vol. 40(2016), No. 1, pp. 75-101

According to literature, principal findings reveal that by using derivatives banks in developed countries improve their performance. The purpose of this paper is to examine the impact of four derivative instruments (forwards, swaps, options and futures) used by banks in both emerging and recently developed countries on accounting performance. Overall sample is defined by 137 banks from both emerging and recently developed countries covering the period 2003-2010. Contrarily to expectations, overall findings indicate that derivative instruments decrease bank performance in the case of these countries.

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