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| Author: | Davies, D. Eckberg, C. Marshall, A. |
| Title: | The determinants of Norwegian exporters' foreign exchange risk management |
| Journal: | European Journal of Finance
2006 : APR, VOL. 12:3, p. 217-240 |
| Index terms: | company value exporting foreign exchange hedging risk management |
| Language: | eng |
| Abstract: | This article examines the determinants of a companys hedging decision by studying foreign exchange hedging by Norwegian exporting companies. The analyses provide evidence consistent with the company value maximization hypotheses of underinvestment and risk aversion. In addition, company characteristics are found to be related to the decision to hedge foreign exchange risk. |
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