CORPORATE HEDGING AND SHAREHOLDER VALUE
By Kevin Aretz, Söhnke M. Bartram. 2010
180 citations recorded by the source corpus.
Subfields: Accounting
View Paper: https://www.semanticscholar.org/paper/bad8f32f64a7ffb6c042a76f8b0fbe789196425c
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In Accounting
- Söhnke M. Bartram
- Marina Papanastassiou
- Quang Nguyen
- Trang Kim
- Jun Chen
- Gregory W. Brown
- Y. Tse
- Timothy A. Krause
Citations in the corpus
- Risk management and firm value: recent theory and evidence (2016, background): “In a separate survey of the RM literature, Aretz and Bartram (2010) find only limited evidence of the value-enhancing properties of hedging programs, although they do recognize that corporate hedging can reduce agency costs. They find mixed results in the literature of the 1990s and early 2000s, and”
- Do Analysts Understand the Economic and Reporting Complexities of Derivatives (2016, unknown): “Firms routinely engage in risk management practices to insulate cash flow and earnings from unfavorable changes in risk exposures, including interest rates, foreign exchange rates, and commodity prices (Aretz and Bartram 2010).”
- Policy uncertainty, derivatives use, and firm-level FDI (2017, methodology): “…t TAi;j;t 1 ¼ ai þ bEPUj; t þ cXi; t þ dMj; t þ ei;j; t where Derivativei,t is the amount of derivative that firm i uses in year t.14 In line with existing literature (Aretz & Bartram, 2010), we focus on the most important type of derivatives: hedging against exchange rate risk.”
- Corporate hedging and speculation with derivatives (2017, background): “20 See also Chen (2011), Chen and King (2014). also determine the decision of a firm to use derivatives at the same time.”
- The Effects of Derivatives on Firm Risk and Value (2011, background): “For example, Bartram, Brown, and Stulz (2011) find that firm size, leverage, and liquidity are important determinants of both total risk and systematic risk.”
- Corporate hedging and the cost of debt (2014, background): “3 For a comprehensive review of the literature, see Triki (2005) and Aretz and Bartram (2010).”