Levin-Konigsberg, Gabriel; Stein, Hillary; García … - 2023 - This version: July 2023
Even though financial risk management has the ability to generate value, the use of financial derivatives among … and financial hedging. We find that contrary to a rational and frictionless benchmark, performance in previous derivatives … transactions predicts future derivatives use. Using a regression kink design to measure the impact of decoupling on risk management …