Chen, Sipeng; Huang, Yuan - In: China Accounting and Finance Review 27 (2025) 2, pp. 210-236
Purpose - This study evaluates whether firms carry out hedging activities on interest rates and foreign exchange to …) and Dechow and Dichev (2002), while the magnitude of hedging activities is measured with textual analysis. In particular …, we construct the hedging intensity proxy by counting the relevant keywords on hedging on interest rate derivatives and …