Do Firms Hedge Optimally? Evidence from an exogenous governance change

We ask whether firms hedge optimally by analyzing the impact the NYSE/NASDAQ listing rule changes have had, which exogenously imposed board composition changes on a subset of firms, on financial risk management. Using new proxies for the extent of financial risk management in non-financial firms we...

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Bibliographic Details
Main Authors: HUANG, Sterling Zhenrui, PEYER, Urs, SEGAL, Benjamin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/1345
https://ink.library.smu.edu.sg/context/soa_research/article/2344/viewcontent/DoFirmsHedgeOptimally_2013_wp.pdf
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Institution: Singapore Management University
Language: English