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. … Web17 de nov. de 2016 · The second most important determinant of hedging is growth opportunities. Interestingly, firms with greater growth opportunities are less likely to use …
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Web"Determinants of corporate hedging: A (statistical) meta-analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(4), pages 443-458. Kevin Aretz & Söhnke M. Bartram, 2010. " Corporate Hedging And Shareholder Value ," Journal of Financial Research , Southern Finance Association;Southwestern Finance Association, vol. 33(4), … WebOn the Detenninants ofCorporate Hedging with Derivatives Abstract We examine explanations for corporate policy choices related to the use of derivative fmancial instruments. Recent corporate disclosure requirements allows us to replicate and extend the work ofNance, Smith, and Smithson (1993, NSS) using a larger sample. We maynooth deferral
Determinants of corporate hedging: A (statistical) meta-analysis
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 … 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. 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 is to reduce earnings volatility, corporate hedging may also increase firm value. Using publicly-available data, we found that hedging reduces the probability of financial … maynooth dental clinic