WebAbstract. The academic debate on the merits of hedging has identified five main theoretical rationales for corporate hedging: (a) to minimize corporate tax liability; (b) to reduce the expected costs of financial distress; (c) to ameliorate conflicts of interest between shareholders and bondholders; (d) 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 …
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Webdeterminants for corporate risk management and firm, industry or country specific characteristics in order to identify the determinants of corporate hedging and test whether firms with particular properties should benefit from corporate hedging and thus have great need to hedge (Haushalter, 2000; Tufano, 1996). Moreover, more 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 … sims beach coffee table
(PDF) The Determinants of Firms
Web10 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. … 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. 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 theoretical determinants of hedging. In a sample of firms from the Samp;P 500 over the period 2001 to 2005, we study the hedging behavior by industry and type of risk. rcmp youth advisory committee