, also affects corporate risk management. We find that managers increase their speculative activities using derivatives …

claims, previously believed to contain the world s largest gold deposit, were shown to be pure fraud. Our event study, based … on market returns for the Vancouver Composite Index and for a portfolio of 59 gold stocks, shows the effects of the Bre …

Surveys of corporate risk management document that selective hedging, where managers incorporate their market views … North American gold mining firms and find that selective hedging is most prevalent among firms that are least likely to meet … future gold prices; and (b) firms that are closest to financial distress. The latter finding provides support for the …

The strategic case for gold revolves around its long history as a store of value. Humans have been drawn to the yellow …. From an investment perspective, gold has demonstrated an ability to provide a long-term source of uncorrelated returns … are plenty of speculators looking to gold as a source of potential outsized return, most of the investing public looks to …

Standard principal-agent theory predicts that large firms should not use employee stock options and other stock …