Financing Policy, Basis Risk, and Corporate Hedging: Evidence from Oil and Gas Producers

By G. David Haushalter, J. Chalmers, Diane Del Guercio, Larry Y. Dann, David J. Denis, Diane K. Denis, George W. Fenn, Jarrad Harford, Randy Heron, Timothy A. Kruse and 7 more. 2000

771 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/46a6c5f058dfa548dff1486987f1e76cbdd0798c

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Citations in the corpus

The Impact of Enterprise Risk Management on the Marginal Cost of Reducing Risk: Evidence from the Insurance Industry (2014, positive): “This clear, straightforward application of the Modern Portfolio Theory should lead to greater firm value so long as the savings exceed the ERM implementation costs and is supported by the empirical findings of Hoyt and Liebenberg (2011). Yet this result leads us to consider an additional question: H”
Corporate hedging and speculation with derivatives (2017, neutral): “oil and gas industry (Haushalter, 2000).”
The Effects of Derivatives on Firm Risk and Value (2011, background): “23 As DiPrete and Gangl (2004) point out, the Rosenbaum bound is”
The causal effect of option pay on corporate risk management (2016, neutral): “ 3 Several prior studies of corporate hedging, including Haushalter (2000), Rajgopal and Shevlin (2002), Jin and Jorion (2006), Kumar and Rabinovitch (2013) and Acharya, Lochstoer, and Ramadorai (2013), have exploited the informativeness…”
Debt Capacity, Cost of Debt and Corporate Insurance (2008, neutral): “, advice on loss prevention and control (Hoyt and Khang (2000)).”
Financial Flexibility, Risk Management, and Payout Choice (2014, background): “…selection biases, and observing changes in hedging behavior within firms across time.2 Another issue is that hedging is more than a binary decision: Haushalter (2000) finds that continuous hedging data are necessary to fully examine risk management decisions, but continuous data are difficult to…”
Hedging Behavior in Small and Medium-Sized Enterprises: The Role of Unobserved Heterogeneity (2004, positive): “This finding empirically confirms the notion of Haushalter (2000) and Graham and Rogers (2002), who conjecture that hedging decisions and capital structure decisions are intertwined.”
Risk Measurement and Hedging: With and Without Derivatives (2000, methodology): “Tufano (1996) and Haushalter (2000) give a more precise version of these tests.”
Why firms hedge with currency derivatives: an examination of transaction and translation exposure (2003, background): “Jensen and Meckling (1976) pointed to the relative importance of indirect costs of financial distress for the firm’s choice of financial structure.”
The influence of product market dynamics on a firm's cash holdings and hedging behavior (2007, neutral): “Additionally, Geczy, Minton, and Schrand (1997) and Haushalter (2000) show that”
On The Determinants of Derivative Usage by Australian Companies (2002, background): “Notably, Haushalter (2000) also finds a similar negative relationship–a result that he attributes to the impact of outliers.”