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Purpose – The purpose of this paper is to examine the interest rate risk management (IRRM) practices of UK companies. In particular, the study examines five theories that have been advanced in the literature to explain why companies hedge: tax and regulatory arbitrage; under‐investment,...
Persistent link: https://www.econbiz.de/10015013556
Persistent link: https://www.econbiz.de/10003712926
Purpose – The purpose of this paper is to examine the interest rate risk management (IRRM) practices of UK companies. In particular, the study examines five theories that have been advanced in the literature to explain why companies hedge: tax and regulatory arbitrage; under-investment,...
Persistent link: https://www.econbiz.de/10005008724
Persistent link: https://www.econbiz.de/10002509337
Persistent link: https://www.econbiz.de/10003933610