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Time-inconsistent investment, financial constraints, and cash flow hedging

Lien, Donald; Yu, Chia-Feng - In: International Review of Financial Analysis 35 (2014) C, pp. 72-79

This paper studies the interplay between firm investment and cash flow hedging decisions when the decision-maker has time-inconsistent preferences. We show that cash flow hedging acts as a double-edged sword. In some cases, cash flow hedging enhances firm value because the firm can thus invest...

Persistent link: https://www.econbiz.de/10011077789

Multiperiod hedging in the presence of stochastic volatility

Lien, Donald; Wilson, Bradley K. - In: International Review of Financial Analysis 10 (2001) 4, pp. 395-406

Persistent link: https://www.econbiz.de/10005221800

The use and abuse of the hedging effectiveness measure

Lien, Donald - In: International Review of Financial Analysis 14 (2005) 2, pp. 277-282

Persistent link: https://www.econbiz.de/10005221934

Can modeling the natural gas futures market as a threshold cointegrated system improve hedging and forecasting performance?

Root, Thomas H.; Lien, Donald - In: International Review of Financial Analysis 12 (2003) 2, pp. 117-133

Persistent link: https://www.econbiz.de/10005229020

Statistical properties of post-sample hedging effectiveness

Lien, Donald - In: International Review of Financial Analysis 16 (2007) 3, pp. 293-300

Persistent link: https://www.econbiz.de/10005229044

Correlation and return dispersion dynamics in Chinese markets

Demirer, RIza; Lien, Donald - In: International Review of Financial Analysis 14 (2005) 4, pp. 477-491

Persistent link: https://www.econbiz.de/10005229144

Using high, low, open, and closing prices to estimate the effects of cash settlement on futures prices

Chan, Leo; Lien, Donald - In: International Review of Financial Analysis 12 (2003) 1, pp. 35-47

Persistent link: https://www.econbiz.de/10005229167

Are options redundant? Further evidence from currency futures markets

Chan, Leo; Lien, Donald - In: International Review of Financial Analysis 15 (2006) 2, pp. 179-188

Persistent link: https://www.econbiz.de/10005229173