Is corporate hedging always beneficial? A theoretical and empirical analysis
(2020)
Journal Article
Ahmed, H., Fairchild, R., & Guney, Y. (in press). Is corporate hedging always beneficial? A theoretical and empirical analysis. The European journal of finance, 1-35. https://doi.org/10.1080/1351847x.2020.1785909
This paper investigates, theoretically and empirically, the impact of corporate hedging activities on firm value/performance. In a perfect market, with self-less management, aiming to maximise shareholder wealth, it may be expected that hedging would... Read More about Is corporate hedging always beneficial? A theoretical and empirical analysis.