The Impact Of Hedging On Firm Value: Evidence From Brazil
Source: City University of London (Cass)
This paper examines the impact of company's hedging activities on firm value for a sample of non-financial Brazilian companies from 1996 to 2005. The results show that hedging activities do increase the firm value. The result is robust with respect to the period and the econometric method adopted in the analysis.
| Format: | Size: | 244.70 | |
| Date: | Feb 2008 |
