Steve Makar


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Day(s): By Appointment
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  • Ph.D. Accounting Kent State University 1994
  • MBA Finance University of Akron 1988
  • BS Accounting University of Akron 1982
  • Wang, L., & Makar, S. D. (2019). Hedge accounting and investors' view of FX risk. International Journal of Accounting and Information Management, 27(3).
  • Makar, S. D. (2018). Interest rate derivatives use in banking: Market pricing implications of cash flow hedges. Journal of Banking and Finance, 86.
  • Makar, S. D., & Wang, L. (2015). FX cash flow risk management: Financial reporting issues and practical implications. Journal of Corporate Accounting and Finance/Wiley.
  • Makar, S. D., Wang, L., & (2013). Managing Euro FX Risk with Benchmark Data. Journal of Corporate Accounting and Finance.
  • Makar, S. D., Wang, L., & Alam, P. (2013). The mixed attribute model in SFAS 133 cash flow hedge accounting: Implications for market pricing. Review of Accounting Studies.
  • Makar, S. D., & Huffman, S. P. (2013). The FX Exposure Puzzle: Insights from SEC disclosures. Managerial Finance.
  • Makar, S. D., Wang, L., & Alam, P. (2012). Managing FX Risk During the Euro Crisis. Journal of Corporate Accounting and Finance.
  • Makar, S. D., Wang, L., & Alam, P. (2011). Managing FX risk: How useful is accounting information? Journal of Corporate Accounting & Finance.
  • Makar, S. D., U of Akron, W. L., & Kent State U, A. P. (2011). Derivative use and accounting regulation change: Does SFAS 133 hedge accounting affect currency risk management decisions? Advances in Quantitative Finance and Accounting.
  • Makar, S. D., & Savchenko, O. (2010). Derivatives use in the partial hedging of currency risk: A firm-specific approach to understanding the exchange rate exposure puzzle. Journal of Applied Business Research.
  • Huffman, S. P., & Makar, S. D. (2008). UK Multinational's Effective Use of Financial Currency-Hedge Techniques: Estimating and Explaining Foreign Exchange Exposure Using Bilateral Exchange Rates (August 2008) 219-235. Journal of International Financial Management and Accounting 19:3 219-235.
  • Anderson, B., Makar, S. D., & Huffman, S. (2004). Exchange Rate Exposure And Foreign Exchange Derivatives: Do Ineffective Hedgers Modify Future Derivative Use? Research In International Business And Finance 18, 205-216.
  • Makar, S., & Huffman, S. P. (2004). The Effectiveness Of Currency-Hedging Techniques Over Multiple Return Horizons For Foreign-Denominated Debt Issuers. Journal Of Multinational Financial Management, 14, 105-115.
  • Elliott, W., Huffman, S., & Makar, S. D. (2003). Foreign-Denominated Debt And Foreign Currency Derivatives: Complements Or Substitutes In Hedging Foreign Currency Risk. Journal Of Multinational Financial Management 13(2), 123-139.
  • Huffman, S., & Makar, S. D. (2002). UK Multinationals' Foreign Currency Risk Management Practices: The Effective Use Of Financial And Non-Financial Hedges Over The Return Horizon.
  • Makar, S., & Huffman, S. P. (2001). Foreign Exchange Derivatives, Exchange Rate Changes And The Value Of The Firm: U.S. Multinationals' Use Of Short-Term Financial Instruments To Manage Currency Risk. Journal Of Economics And Business, 53.
  • Huffman, S. P., & Makar, S. D. (1997). Foreign currency risk management practices in U.S. multinationals. Journal of Applied Business Research, 13:2 (Spring 1997), 73-86.
  • Makar, S., & Huffman, S. P. (1997). The Use Of Derivatives In Foreign Exchange Rate Hedging. Central Business Review, 15(1), 44-50.
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