Is Operational Hedging a Substitute for or a Complement to Financial Hedging

By Young Sang Kim, I. Mathur, Jouahn Nam. 2006

200 citations recorded by the source corpus.

Subfields: Accounting, Safety, Risk, Reliability and Quality

View Paper: https://www.semanticscholar.org/paper/1d3afde7866bc599a5bb15c1b8af008e1b9b3903

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In Accounting

1. Jun Chen
2. T. D. King
3. Söhnke M. Bartram

Citations in the corpus

• Corporate hedging and the cost of debt (2014, background): “Similarly, Kim, Mathur, and Nam (2006) show that hedging increases firm value by 5.4% based on a sample of U.S. firms that hedge with currency derivatives.”
• Offshore activities and financial vs operational hedging (2017, unknown): “…on the margin, additional incentives favor operational hedging over FX hedging: (1) when offshore investments are longer-term and less reversible (Kim, Mathur, and Nam, 2006), (2) when the nation’s distance is smaller (less costly to manage operations), (3) when the firm’s input cost is large…”
• The Value of Investing in Enterprise Risk Management (2015, unknown): “…of using an enterprise risk approach (Doherty, 2000), the vast majority of empirical studies examine whether the behavior of firms that use financial derivatives is consistent with extant theories about market imperfections (Allayannis and Weston, 2001; Nain, 2005; Kim, Mathur, and Nam, 2006).”