This paper studies corporate risk management in a context with financial constraints and imperfect competition on the … product market. We show that the interactions between firms heavily affect their hedging demand. As a general rule, the firms …’ hedging demand decreases with the correlation between firms’ internal funds and investment opportunities. We show that when …

. Financial derivatives are commonly used to manage these risks. This paper examines how a company's financial features and … different forms of management compensation can affect the use of derivatives based on the 100 largest listed mining companies on … derivatives while the CEO compensation in terms of option and stock holdings does not have any significant impact on this decision …

stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …

security or index from which they ultimately derive their value. Pricing and hedging relationships of futures contracts, option … characteristics and strategies, and option pricing and hedging relationships are also addressed. To further assist the reader, the …

degree of derivatives usage and risk. Second, firms practice selective hedging to maintain the upside potential of firm value … derivatives to increase firm value, second, the evidence of selective hedging from the non-linear relationship between derivatives …Purpose This study examines the impact of hedging on firm value of Sharīʿah compliant firms (SCFs) in a non …