and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives …Even though financial risk management has the ability to generate value, the use of financial derivatives among … derivatives losses and operational gains. Specifically, firms ex post consider their operational profits separately from their …

the optimal hedge ratio for a multi-national corporate that aims to minimize the cost of hedging at a given tolerance … of hedges, and condensation of the parameters governing hedging decision into a single, intuitively-appealing number. The …

on mutual fund currency derivatives and document that around 90% of U.S. international fixed income funds use currency …

diversified mixed asset portfolios via different hedge tools. Several hedging strategies, using currency forwards and currency …

the concept of "exchange rate hedging costs" into the existent literature on currency choice. These costs are firm … rate hedging costs will be using only one currency, but still continue exporting to the destination. …