stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …

hedging decisions for corporate finance. There is a remarkable volume of literature which tests the effects of risk management … and hedging decisions for the value of the firm, mainly for the US corporate market. However, there is little effort on … eight large Colombian corporations, the growth rate of Tobin´s Q depends significantly on firm´s size and hedging. Our …

hedging decisions for corporate finance. There is a remarkable volume of literature which tests the effects of risk management … and hedging decisions for the value of the firm, mainly for the US corporate market. However, there is little effort on … eight large Colombian corporations, the growth rate of Tobin´s Q depends significantly on firm´s size and hedging. Our …

bank deposits, a proxy for access to finance. Overall, this article illuminates the relation between hedging and real firm …

Purpose – In this study, we investigate determinants of hedging with derivatives and its effect on firm value and firm …-stage analysis by using gains and losses from derivatives as instrument variable for hedging with derivatives. Findings – Our … analysis on the determinants of hedging shows that firms that are more leveraged and less profitable, and with more growth …

This study aims to assess the influence of natural hedging on firm value, incorporating the mediating role of financial … data spanning 21,169 firm years (3050 firms) from 2015 to 2022, our analysis discerns significant effects. Natural hedging … notably impacts firm value, while the impact on financial derivatives is contingent on the nature of the natural hedging …