Purpose – The purpose of this paper is to examine the interest rate risk management (IRRM) practices of UK companies. In particular, the study examines five theories that have been advanced in the literature to explain why companies hedge: tax and regulatory arbitrage; under‐investment,...

Purpose – This paper sets out the reasons for putting together a special issue of the Journal on Qualitative Research in Finance , discussing the pedigree of the approach, and outlining the articles contained therein. Design/methodology/approach – The approach adopted in this paper involves...