Carter, David A.; Rogers, Daniel A.; Simkins, Betty J. - In: Financial Management 35 (2006) 1, pp. 53-86
Does hedging add value to the firm, and if so, is the source of the added value consistent with hedging theory? We investigate jet fuel hedging behavior of firms in the US airline industry during 1992-2003 to examine whether such hedging is a source of value for these companies. We illustrate...
