This paper examines the impact of operational hedges of US multinational corporations (MNCs) on their exchange rate exposure. The two important contributions of this study are as follows. First, this study documents the importance of operational hedges as significant determinants of exchange...

At its inception, Financial Management (FM) had the difficult mission of serving the needs of all members of the Financial Management Association (FMA), both academic and practitioner. That mission has now changed. FM's revised mission is to focus solely on the publication of original scholarly...

The value of academic research has recently been questioned during debates over the allocation of resources within academic institutions. This paper specifically addresses the value of academic research in finance by examining the integration of academic and non-academic research. The underlying...

This study examines differences in finance research productivity and influence across 661 academic institutions over the five year period from 1989 through 1993. We find that 40 institutions account for over 50% of all articles published by 16 leading journals over the five year period; 66...