Korkeamäki, Timo; Liljeblom, Eva; Pfister, Markus - In: The Journal of Risk Finance 17 (2016) 5, pp. 492-509
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 importantly whether managerial ownership affects airlines’...
