frequently used derivatives in hedging transaction exposure. This paper examines whether forwards performs better than over …-the-counter option for a New Zealand exporter in hedging NZD/USD transaction exposure. This research adopts Hsin, Kuo and Lee's (1994 …) model of hedging effectiveness which maximizes the exporter's expected negative exponential utility function to compare and …

frequently used derivatives in hedging transaction exposure. This paper examines whether forwards performs better than over …-the-counter option for a New Zealand exporter in hedging NZD/USD transaction exposure. This research adopts Hsin, Kuo and Lee's (1994 …) model of hedging effectiveness which maximizes the exporter's expected negative exponential utility function to compare and …

What determines exporters' exchange rate hedging decisions and do exporters attempt to “time the market”? We use a … hedging choices. Determinants include financial fragility, prior hedging experience, and natural hedge opportunities. In … addition, firms alter their hedging ratios when the currency has recently trended in one direction. We test whether such …