optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …

hedging seem to be inapplicable in the Kuwaiti case. However, these theories provide only partial explanations for management … business group is significantly correlated with its level of hedging, suggesting that firms that are members of a family group … them evaluate the hedging strategies they employ. This study shows how different behaviors toward risk exist between firms …