The Determinants of Off-Balance-Sheet Hedging in the Value-Maximizing Firm: an Empirical Analysis
The observed use (and indeed tremendous growth in volume) of forward contracts, futures, options, and swaps as hedges against interest rate risk, foreign exchange risk, and commodity price risk indicates that hedging does add value to the firm. The purpose this research was to empirically examine th...
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| Format: | Others |
| Language: | English |
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University of North Texas
1988
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| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc331494/ |