This paper employs meta-analysis to aggregate and systematically analyze the mixed empirical evidence on the determinants of corporate hedging reported in 132 previously published studies covering data from more than 73,000 firms. Among the fourteen proxy variables analyzed by multivariate...

Die inhaltlichen Schwerpunkte der Festschrift für Prof. Dr. Manfred Steiner liegen in den Bereichen Finanzielle Unternehmensführung und Shareholder Value, Unternehmensbewertung sowie Kreditwürdigkeitsprüfung und Rating. Darüber hinaus sind Beiträge zu Finanzinnovationen, zum...

We apply autoregressive distributed lag regression (ARDL) and several methods of structural break analysis on a daily data set between 1995 and 2014 to explore various supply and demand factors as drivers of the price differential between WTI and Brent crude oil. In line with previous...

This paper uses Meta-Granger analysis to explain and summarize the mixed results in the literature on the impact of financial speculation on commodity prices. The sample covers 2,106 manually collected p-values from Granger causality (GC) tests reported in 54 prior studies. Our results show that...