This study's modeling analysis indicates that optimal hedging and optimal leverage decisions are patently different if undertaken jointly than when undertaken in isolation. The most striking result is that the optimal joint hedging and leverage strategy entails reduced hedging for a weak price...

We consider a highly-qualified individual with respect to her choice between two distinct career paths. She can choose between a mid-level management position in a large company and an executive position within a smaller listed company with the possibility to directly affect the company’s...