Titman, Sheridan (contributor); Sialm, Clemens (contributor) - 2011
decisions to commodity hedge and to the extent of hedging. Chapter 1 discusses prior literature, including theory and empirical … extent of hedging conditional on hedging decisions and the cross-sectional and time series deviation of the hedge ratio. I … hedging polices after commodity price shocks. I find that unhedged firms which are ex ante financially constrained lose market …