Showing 1 - 8 of 8
This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The study presents a model of a firm that faces uncertain...
Persistent link: https://www.econbiz.de/10012949769
Persistent link: https://www.econbiz.de/10015204637
Persistent link: https://www.econbiz.de/10009620648
This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The study presents a model of a firm that faces uncertain...
Persistent link: https://www.econbiz.de/10011539238
Persistent link: https://www.econbiz.de/10011804670
Previous literature on cash management has revealed that firms hoard cash to protect themselves against external financing constraints that might limit future capital budgeting policies. In a theoretical model based on this finding, we analyze how investors' attitude towards uncertain investment...
Persistent link: https://www.econbiz.de/10013007548
Persistent link: https://www.econbiz.de/10013443192
Persistent link: https://www.econbiz.de/10013253018