management theory that hedging increases shareholder's wealth. However, cash operating costs, cash reserves and the level of gold …Purpose – The purpose of this study is to examine the exposures of Australian gold mining firms in the highly volatile … period from 1995 to 2000. This period has been characterized by significant changes in gold price due to bulk sale of gold by …

important and consistent relationship that we find is the impact of firms’ hedging behavior on their respective gold betas. This … less sensitive to movements in gold prices. The finding therefore supports the risk management theory that hedging …Purpose – The purpose of this study is to examine the exposures of Australian gold mining firms in the highly volatile …

firms sponsoring in Australia. The research examines the broader question of whether sponsorship has the potential to … economically, sponsorship expenditure in Australia is more or less value neutral. While investors appear indifferent to sponsorship …

there is a negative significant volatility spillover from four of the five selected stock markets (Australia, China, Japan …