Previous research has shown that firms identified as derivative users tend to be valued at a premium relative to non …-users. In this paper I develop the hypothesis that the ‘derivative premium’ is higher in firms with centralized FX exposure …. This study benefits from unique survey data on the FX management practices and derivative usage of Swedish listed firms …

This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. Usage …, firms in the two countries differ notably on issues such as the primary goal of hedging, their choice of instruments, and …

In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial …-variance portfolio analysis for determining the most efficient hedging strategy. We find that the strate-gy adopted can have a marked …, portfolio optimization shows that a mix of various hedging strategies can further improve the profita-bility of a heat …

We analyze firms’ entry, production and hedging decisions under imperfect competition. We consider an oligopoly …

We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly …

sector indices: dy-namic models and risk hedging, the probability of default in collateralized credit oper-ations, risk …

hedging strategies that lead to hefty losses in the aftermath of the financial crisis. The sample is comprised of 346 … indicate that the lack of a formal hedging policy, no monitoring to the CFOs, and considerations of hubris and remuneration … contribute to the mismanagement of hedging policies. …

exposure, hedging policy, and firm value. First, we find that airline exposures to fuel prices are higher when fuel prices are … exposure to fuel prices, airlines tend to increase their hedging activity. Finally, we explore the previously documented jet … fuel hedging premium illustrated in Carter, Rogers, and Simkins (2006). We find a positive hedging premium in our analysis …

. 1912-1928.<P> This paper formalizes the idea that more hedging instruments may destabilize markets when traders are …