to practice hedging. The study employed panel multiple logistic and panel multinomial logistic regression on 792 firm … total FX currency exposure and the number of invoicing currencies are significant factors in determining hedging practice …, with an odds ratio of 1.603 and 1.664, respectively. Meanwhile, the impact of Syariah-compliant status on hedging practice …

production. Without any markets for hedging an increase in exchange rate risk lowers foreign investments and output. However …

Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation … of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …. Given a new risk situation, whether a revision of the hedging-strategy is appropriate will depend upon the elasticity of …