The effect of financial hedging on the incentives for corporate diversification: The role of stakeholder firm-specific investments

• المؤلفون الرئيسيون: LIM, Sonya Seongyeon, WANG, Heli
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2007
• الموضوعات: Risk management; Financial hedging; Corporate diversification; Stakeholders; Firm-specific investments; Corporate Finance; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/3455; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4454/viewcontent/EffectFin_Hedging_2007_pv.pdf

Financial hedging and corporate diversification are often considered substitutive means of risk management, implying that rapid development of financial hedging markets will yield less need for firms to manage risk through costly diversification. Building on a stakeholder-based view of risk manageme...