hedging decisions for corporate finance. There is a remarkable volume of literature which tests the effects of risk management … and hedging decisions for the value of the firm, mainly for the US corporate market. However, there is little effort on … eight large Colombian corporations, the growth rate of Tobin´s Q depends significantly on firm´s size and hedging. Our …

decisions essential for firm's value. Moreover, derivatives' market vast importance is a good proxy of the relevance of hedging … hedging decisions for the value of the firm, mainly for the US corporate market. However, there is little effort on this … large Colombian corporations the growth rate of Tobin´s Q depends significantly on firm´s size and hedging. After …

This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their … hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The … aversion reduces the hedging of price risk to avoid large regret in the case of increasing prices. The results show that regret …

We exploit an exogenous change in basis risk in the oil and gas industry to analyze the channels through which hedging …-order channels through which hedging affects firm value …