Financial distress and corporate risk management: Theory and evidence

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Risk management and firm value: recent theory and evidence (2016, methodology): “Rampini et al. (2014) develop a theoretical dynamic model to simulate the tradeoff between financing and RM, showing that financially constrained firms hedge less and use limited RM, consistent with Purnanandam (2008) and Fehle and Tsyplakov (2005).”
Firm Litigation Risk and the Insurance Value of Corporate Social Performance (2013, neutral): “had financial difficulties in the mid-1990s, software developers were reluctant to develop new application software for Macintosh computers which, in part, caused a 27 percent decline in unit sales (Purnanandam, 2008).”
Corporate Financial Distress: An Empirical Analysis of Distress Risk (2007, methodology): “Purnanandam (2005) determines financial distress in terms of solvency.”
The Real and Financial Implications of Corporate Hedging (2011, positive): “…rms. B.2 Proxies and Summary Statistics The majority of papers using derivatives data (e.g., Géczy et al. (1997), Allayannis and Weston (2001), and Purnanandam (2008))) measure hedging activity with a hedging dummy and/or a continuous aggregate notional value of derivatives contracts…”
The causal effect of option pay on corporate risk management (2016, neutral): “Purnanandam (2008) discusses the difficulty in identifying contract-specific information for commodity derivative holdings of U.S. corporations.”