Risk management has become a central issue in sanitary crises. Agro food firms have devised organizational responses to sanitary risks, usually implying better traceability. European Regulation 178/2002 established mandatory traceability. This paper provides a critical appraisal of the European...

Purpose -Based on basic financial models and reports in the business press, exchange rate movements are generally believed to affect the value of nonfinancial firms. In contrast, the empirical research on nonfinancial firms typically produces fewer significant exposures estimates than...

According to financial theory, corporate hedging can increase shareholder value in the presence of capital market imperfections such as direct and indirect costs of financial distress, costly external financing, and taxes. This paper presents a comprehensive review of the extensive existing...