The Value of Corporate Risk Management

By Peter Mackay, Sara B. Moeller. 2007

237 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/b55ae816b55e06f61188cca343d4485d3409dee6

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Citations in the corpus

Risk management and firm value: recent theory and evidence (2016, background): “Mackay and Moeller (2007) apply their theoretical model to a sample of 34 oil refiners, finding evidence that confirms the non-linear nature of costs and revenues.”
Corporate hedging and the cost of debt (2014, methodology): “In addition, we find that hedging is 31 Market-to-book ratio is used as a measure of Tobin’s Q in Allayannis, Lel, and Miller (2012) and Mackay and Moeller (2007), while it represents growth opportunities in Géczy, Minton, and Schrand (1997) and proxies the agency cost in Graham and Rogers…”
CORPORATE HEDGING AND SHAREHOLDER VALUE (2010, background): “…corporate hedging, by relating derivatives use to leverage (Graham and Rogers, 2002) or relative valuation metrics such as the market-to-book ratio (Mackay and Moeller, 2007; Jin and Jorion, 2006; Allayannis and Weston, 2001).5 Nevertheless, almost all empirical work in this area faces some…”
Dynamic Risk Management (2014, methodology): “Adam, Dasgupta, and Titman (2007) and Mackay and Moeller (2007) study risk management using an ad hoc approach in which hedging is modeled as reducing the variance of the input price or another parameter itself.”
The Use of Foreign Currency Derivatives, Corporate Governance, and Firm Value Around the World (2012, unknown): “…foreign currency derivatives is positively associated with firm value in a large sample of U.S. nonfinancial firms with exposure to exchange rates, Mackay and Moeller (2007) find a similar effect for the use of derivatives in a sample of oil refiners and Bartram et al. (2011) find a positive…”