Zheng, Shi; Xu, Pei; Wang, Zhigang - In: China Agricultural Economic Review 3 (2011) 4, pp. 476-488
Purpose – The purpose of this paper is to find factors that explain why some enterprises hedge but others do not. The authors' analysis relies on Heckman model (a probit and Tobit model) with the data obtained from questionnaires collected from Chinese enterprises. Given the fact that only a...
