Risk Management Determinants Affecting Firms' Values in the Gold Mining Industry: New Empirical Results.

The goal of this article is to isolate the significant determinants that affect the decision of non-financial firms to hedge their risks. Our application is for the North American gold mining industry. The random variable considered is the selling price of an ounce of gold. We show that several factors related to maximizing the firm's value significantly affect the decision to hedge the price of gold.

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Year of publication:	2000
Authors:	Dionne, G. ; Garand, M.
Institutions:	HEC Montréal (École des Hautes Études Commerciales)
Subject:	RISK \| TAXES \| MINES

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Series:	Ecole des Hautes Etudes Commerciales de Montreal-.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels ; L72 - Mining, Extraction, and Refining: Other Nonrenewable Resources ; G24 - Investment Banking; Venture Capital; Brokerage
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618708