This article analyzes the importance of supply-side fluctuations for corporate hedging. To establish a causal link, we exploit a regulatory change that allows derivatives counterparties to circumvent the Bankruptcy Code's automatic stay: the Safe Harbor Reform of 2005. Following the...

Purpose This paper aims to examine the “quality” of narrative risk management disclosures (RMD) from a “quantity” and “richness” (width and depth) perspective, utilising a finer-grained approach. Evidence is then provided on the relationships between RMD quality and the corporate...

We examine the relationship between board of director committees tasked with risk management and environmental performance, based on a sample of 1,466 firm-year observations from 2007 to 2015. We find that the presence of board committees dedicated only to risk management is associated with...