Add to ORKGAccording to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk management is irrelevant to the value of the firm. However, it is apparent that managers are constantly engaged in hedging activities that are directed at the reduction of corporate risks. As an explanation for this clash between theory and practice, imperfections in the capital market are used to argue for the relevance of corporate risk management function. This paper analyses corporate risk management practices and decision to hedge in large Croatian non-financial companies. It explores if decision to hedge corporate risks in the analysed companies is a function of several firm’s characteristics that have been proven as relevant in making risk ...
In this paper we present the research results on corporate risk management practices in the large Cr...
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
Finance theory does not provide a comprehensive framework for explaining risk management within the ...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
er theorem, corporate risk management is irrelevant to the value of the fi rm. However, it is appare...
For a long time it was believed that corporate risk management is irrelevant to the value of the fir...
This paper describes theoretical motivations for corporate risk management activities and empirical ...
In this thesis the rationales of corporate risk management, as well as the implementation of differe...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
The paper explores differences as well as commonalities in corporate risk management practices and r...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Over the last few decades, corporate risk management has become a very important element of manageme...
The rationales for corporate risk management are examined from the point of view of the theory of fi...
In this paper we present the research results on corporate risk management practices in the large Cr...
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
Finance theory does not provide a comprehensive framework for explaining risk management within the ...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
According to the Capital Asset Pricing Model and the Modigliani-Miller theorem, corporate risk manag...
er theorem, corporate risk management is irrelevant to the value of the fi rm. However, it is appare...
For a long time it was believed that corporate risk management is irrelevant to the value of the fir...
This paper describes theoretical motivations for corporate risk management activities and empirical ...
In this thesis the rationales of corporate risk management, as well as the implementation of differe...
This paper presents the extensive literature survey based both on theoretical rationales for hedging...
The paper explores differences as well as commonalities in corporate risk management practices and r...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Corporate risk management and hedging are important activities within financial as well as non-finan...
Over the last few decades, corporate risk management has become a very important element of manageme...
The rationales for corporate risk management are examined from the point of view of the theory of fi...
In this paper we present the research results on corporate risk management practices in the large Cr...
In the presence of capital market imperfections, risk management at the enterprise level is apt to i...
Finance theory does not provide a comprehensive framework for explaining risk management within the ...