overall market risk vis-?-vis currency risk). The main innovation lies in testing implications of exchange rate adjustment … costs (hedging costs) for firm values and exposure. Based on time series data of German DAX companies, DM/ dollar rates and …

corporate hedging: equity value maximising strategies and strategies determined by managerial risk aversion. The first category …Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives …

Im Laufe des Jahres 1993 war die Metallgesellschaft Refining & Marketing (MGRM), eine US …

) continues to be prevalent makes MGRM?s strategy of hedging long-term supply commitments with short-dated futures contracts look …

the innovating firm invests in marketing, so that consumers become aware of the newly developed product. Firms first … theoretical model are that both the marketing of a product innovation and a firm?s propensity to introduce an innovation decrease … a positive effect on product innovation and marketing effort. These findings are tested empirically using survey data …

marketing methods. We find that the determinants of a firm?s propensity to introduce technological and non …

the cross-section. The results show that SRI stock indexes do not exhibit a different risk-adjusted return than … conventional benchmarks. But many SRI indexes have a higher risk relative to the benchmarks. These findings are robust to the use …

whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the … interrelation of risk and social preferences by measuring (1) individual risk preferences, (2) interpersonal risk preferences, and … (3) social preferences under certainty. The results reveal that a large share of subjects choose to accept more risk or …