evaluate the impact of hedging strategies adopted by our sample firms on the exchange-rate exposure. Our evidence suggests that … currency derivatives for hedging and not for speculative purposes. These results are found to be robust to alternative ways of …

In this paper, we explore the strategy on hedging crude oil using refined product. We develop a regime switching …-of-sample findings indicate that RS-ADCC displays greater hedging effectiveness than some conventional multivariate GARCH. Heating oil …

For a large sample of U.S. firms from 1994 to 2009, we empirically examine the impact of corporate hedging on the cost … of public debt. We find strong evidence that hedging is associated with a lower cost of debt. The negative effect of … hedging on the cost of debt is consistent across industries, and remains economically and statistically significant under …

We analyze how firms hedge in the oil and gas industry. Our main finding is that CEO age determines hedging behavior …. The probability of being a hedger as well as the use of linear hedging strategies decreases with CEO age. These results … relatively more costly to younger CEOs. We also investigate the vega-theory of hedging instrument choice, finding some support …

exposure, hedging and dividend policy and size are the main determinants of foreign currency debt. Moreover, the use of foreign …