The rationales for corporate risk management are examined from the point of view of the theory of finance and of key stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then presented. The study is based on keyword analysis of financial statements; parametric tests and logit regression are used to determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be the only significant factor for a hedging decision. The implications of these findings and new research questions are discussed in the conclusion
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
According to financial theory, corporate hedging can increase shareholder value in the presence of c...
The literature on corporate risk management has paid little attention to connecting the decisions of...
The rationales for corporate risk management are examined from the point of view of the theory of fi...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
For a long time it was believed that corporate risk management is irrelevant to the value of the fir...
er theorem, corporate risk management is irrelevant to the value of the fi rm. However, it is appare...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Corporate risk management through derivative hedging activity has been growing in importance in rece...
Companies spend a lot of attention and resources on something commonly referred to as ‘risk manageme...
This paper describes theoretical motivations for corporate risk management activities and empirical ...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Previous empirical studies concerning corporate hedging have investigated several arguments that hav...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
According to financial theory, corporate hedging can increase shareholder value in the presence of c...
The literature on corporate risk management has paid little attention to connecting the decisions of...
The rationales for corporate risk management are examined from the point of view of the theory of fi...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
For a long time it was believed that corporate risk management is irrelevant to the value of the fir...
er theorem, corporate risk management is irrelevant to the value of the fi rm. However, it is appare...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Corporate risk management through derivative hedging activity has been growing in importance in rece...
Companies spend a lot of attention and resources on something commonly referred to as ‘risk manageme...
This paper describes theoretical motivations for corporate risk management activities and empirical ...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Previous empirical studies concerning corporate hedging have investigated several arguments that hav...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
According to financial theory, corporate hedging can increase shareholder value in the presence of c...
The literature on corporate risk management has paid little attention to connecting the decisions of...
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