management tool and to quantify its effectiveness in hedging against changes in mortality with respect to default risk measures … obtain deeper insight into the impact of natural hedging on an insurer's risk situation and shows how to reach a desired …

Purpose The purpose of this paper is to study the value effects of hedging in the airline industry during a period of … high volatility and high fuel costs. The authors also study the determinants of hedging in the airline industry, most … conditions during the sample period. Findings The authors find a positive relationship between hedging and firm value, but the …

Purpose – This paper aims to examine the nexus between hedging, which reduces the volatility of corporate assets, and … ) projects. The question of whether hedging ameliorates or aggravates debt overhang is addressed. Design …’s NPV between debt- and stock-holders. The effect of hedging on this NPV -partitioning is then gauged to determine the …