This paper investigates how firms design the maturity of their hedging programs, and the real effects of maturity … choice on firm value and risk. Using a new dataset on hedging activities of 150 U.S. oil and gas producers, we find strong … evidence that hedging maturity is influenced by investment programs, market conditions, production specificities, and hedging …

Insurers issuing segregated fund policies apply dynamic hedging to mitigate risks related to guarantees embedded in … the imperfect correlation between the underlying fund and its corresponding hedging instruments. The current note …

Under a "mea culpa" framework, evidence suggests that financial institutions practice discretionary hedging of both … intensifying hedging with interest rate derivatives as HTM and AFS portfolio losses accrue, and by reducing hedging intensity as … portfolio gains accrue. As funding risk increases, banks also intensify hedging, suggesting the mistakes of Silicon Valley Bank …

. Therefore, as a description of prevailing practice, we conclude that swap positions are not economically significant in hedging …

This paper delves into the primary association between corporate social responsibility (CSR) and hedging strategies. By … employing textual analysis of 10-K filings to measure corporate hedging, we demonstrate that firms with higher levels of CSR are … more inclined to engage in hedging practices and with greater intensity. We also show that a reduction in cash flow …

friendliness of wind investments, as well risk hedging for consumers’ volume risks and hedging incentives …

substitute between saving cash for financial hedging to mitigate financial default risk, and spending on operational hedging to … mitigate operational default risk. Whereas financial hedging increases in financial leverage, operational hedging declines in … relationship by employing two proxies for operational hedging, viz., inventory and supply chain diversification, exploiting …

guide on FX hedging for small and medium enterprises. It should help a treasurer to setup and/or improve their FX hedging …

). Financially constrained firms reduce operational hedging through inventory and supply chain in favor of cash holdings. Our model … predicts that firms' markup increases with financial default risk as they cut operational hedging costs. Empirical analysis …' strategic adjustments in operational hedging practices …