search query: @author Tufano, P. / total: 15
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| Author: | Tufano, P. |
| Title: | Agency costs of corporate risk management |
| Journal: | Financial Management
1998 : SPRING, VOL. 27:1, p. 67-77 |
| Index terms: | risk management investments managers shareholders |
| Language: | eng |
| Abstract: | This article concentrates on a negative effect a risk management may have on a company performance. Cash-flow hedging strategies managers have adopted can be used to reduce shareholder wealth by removing control that obtaining new external financing would impose on managers and thus possibly leading firms to poor investment decisions. |
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