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| Author: | Judge, A. |
| Title: | Why and how UK firms hedge |
| Journal: | European Financial Management
2006 : JUN, VOL. 12:3, p. 407-441 |
| Index terms: | corporate finance derivative securities financial management hedging risk management United Kingdom |
| Language: | eng |
| Abstract: | This article examines corporate hedging in UK companies. The data is collected from annual reports from 400 companies and by using a survey. The results of the study link hedging decisions to the expected costs of financial distress. The author finds that differences in opportunities, in incentives for reducing risk and in the types of financial price exposure play an important role in how companies hedge their risks. |
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