Managerial Stock Options and the Hedging Premium

Some studies have provided evidence that hedging increases firm value. Other studies have shown that managerial incentives may influence firm hedging. In this paper we provide evidence that hedging increases firm value, however, when hedging is based upon incentives caused by managers' options, firm value decreases

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Year of publication:	[2007]
Authors:	Hagelin, Niclas
Other Persons:	Holmen, Martin (contributor) ; Pramborg, Bengt (contributor) ; Knopf, John D. (contributor)
Publisher:	[2007]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (30 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 31, 2004 erstellt
Other identifiers:	10.2139/ssrn.585641 [DOI]
Classification:	G32 - Financing Policy; Capital and Ownership Structure ; F31 - Foreign Exchange
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012732217