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This paper investigates the determinants of currency risk management in nonfinancial firms in Argentina, Brazil, Chile, and Mexico, based on a panel data sample of firms that list as American depositary receipts from 2001 to 2004. Our evidence indicates that derivatives held for hedging purposes...
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We analyse the profile of the boards of directors of 142 Brazilian publicly-held companies in 1999. Directors were divided into four distinct categories, following <link rid="b6">Bhagat and Black</link> (2000 Working Paper no. 143, Columbia Law School) criteria for the US market. Our survey analyses the degree of...
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