The external environment in which universities carry out their activities has changed substantially in the last decades. As a result, nowadays universities are asked to meet a wider range of social and economic needs of society. Therefore, traditional universities are now transforming into...

The search for measures or criteria to determine the economic and financial performance of a company is ever present in the scientific and professional realm. In recent years there has been, in our opinion, a new element introduced into the equation which is the desire of the giant international...

This paper analyzes the factors determining transactional exchange rate hedging with foreign currency debt for a sample of 56 Spanish non-financial companies listed in 2004. In particular, we analyze the variables that determine the decision to hedge with foreign currency debt as well as hedging...

The present paper analyses the reasons why Spanish quoted firms use derivatives to hedge against exchange-rate risk. Through the application of a Tobit model, the obtained results show that the variables related to the creation of value and the existence of scale economies are the main factors...

In current financial practice, a variety of both absolute and relative profitability measures are being used which implicitly involve a great contradiction on their very definition: they apply market costs of capital to resources quantified by accounting value. Our purpose is to indicate how...

Recently, global credit derivative markets have expanded very fast. Despite the fast growth, little is known whether their use is beneficial or increases their risk exposure. The few empirical papers that exist in this area relate primarily to the American market and there are no works referred...

We analyze the determinants of Europeans' retirement savings' for a sample of 4,526 individuals in 8 European countries. Our results show that the driving forces of the decision of saving for retirement are quite similar. This decision is positively related to the individuals' age, financial...

A variety of theories have been developed regarding optimal hedging which attempt to explain the reasons firms may be interested in hedging. The study of hedging for exchange rate risk has usually focused on the use of derivatives and to a lesser extent on the use of other types of financial and...