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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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2013
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Online Access: | https://ink.library.smu.edu.sg/soa_research/1346 https://ssrn.com/abstract=2312263 |
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Institution: | Singapore Management University |
Language: | English |