On the determinants of corporate hedging
WebFrom the US EDGAR database, we extract information on the hedging activity in four types of risks: interest rate, currency, commodity and equity. This allows us to better test the … WebThe aim of this study is to highlight those theoretical studies which are written in context of hedging determinants. Theoretical studies argued that in . × Close Log In. Log in with Facebook Log in with ... On the …
On the determinants of corporate hedging
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WebAlthough there exists a sizeable body of evidence on the determinants of hedging decisions and how they relate to firm value, the literature has not provided clarity on either matter. In addition, the extant literature that has examined the effect of derivatives usage on firm risk has also provided contradictory evidence. Web1 de nov. de 1997 · Determinants of Corporate Hedging and Derivatives: A Revisit Robert C. W. Fok, Carolyn Carroll and Ming C. Chiou Although the primary purpose of hedging …
Web1 de nov. de 1997 · In addition, we suggest that corporate ownership structure may affect the desirability of hedging. We also found that large firms have a stronger tendency to … WebThis paper seeks to identify 1) the determinants of corporate hedging and 2) test the hypothesis that whether corporate hedging by using derivatives can add value to …
WebFinance theory indicates that hedging increases firm value by reducing expected taxes, expected costs of financial distress, or other agency costs. This paper provides … WebThe objective was to determine the effect of interest rate hedging and currency hedging on Average Manufacturing Capacity Utilization (MCUT) in the manufacturing sector in …
WebOf 169 firms in the sample, 104 firms use hedging instruments in 1986. The data suggest that firms which hedge face more convex tax functions, have less coverage of fixed …
Web30 de set. de 2010 · The paper contributes to prior studies by, first, focusing on exporters to ensure that the companies in the sample have FX exposure, thereby allowing a more rigorous test of the theoretical determinants of hedging, and, secondly, in contrast to most previous studies that have focused on FX external hedging instruments, the use of both … how is hydrogen used as fuelWebHá 2 dias · Mike Segar/Reuters. WILMINGTON, Del. — The judge overseeing Dominion Voting Systems’ lawsuit against Fox News said on Wednesday that he was imposing a … how is hydrogen used for powerWeb10 de abr. de 2024 · Smith, Clifford W., and Rene M. Stulz. 1985. The determinants of firms’ hedging policies. Journal of Financial and Quantitative Analysis 20: 391–405. [Google Scholar] Suyanto, Suyanto. 2024. The effect of bad credit and liquidity on bank performance in Indonesia. The Journal of Asian Finance, Economics and Business 8: 451–58. highland optometry new windsorWebProvide a short review of the empirical literature on hedging published in the past 10 years and critically discuss the techniques that are used by ... L., Deloof, M., & Zhang, Y. … how is hydrogen used in oil refiningWeb6 de jun. de 2013 · We present a comprehensive perspective on the determinants of corporate hedging, and the results are consistent with the predictions of the risk management and agency costs literatures. Type Research Articles. Information Journal of Financial and Quantitative Analysis, Volume 48, Issue 3, June 2013, pp. 887 - 917. how is hydrogen used in medicineWeb1 de jan. de 2024 · Derivative usage and firm value: The influence of agency costs and monitoring problems. Article. Dec 2010. J CORP FINANC. Larry Fauver. Andy Naranjo. View. Show abstract. how is hydrogen used in daily lifeWebDeterminants of Corporate Hedging Behavior 653 during 1992 to total assets of the firm constitutes the continuous dependent hedg-6 ing variable. Summary statistics for this variable are presented in Table 1. Although several studies analyze the use of derivatives (see Nance, Smith, how is hydrogen used in society