haku: @author Duffie, D. / yhteensä: 13
viite: 11 / 13
| Tekijä: | DeMarzo, P. Duffie, D. |
| Otsikko: | Corporate incentives for hedging and hedge accounting |
| Lehti: | Review of Financial Studies
1995 : FALL, VOL. 8:3, p. 743-772 |
| Asiasana: | INCENTIVES HEDGING ACCOUNTING |
| Kieli: | eng |
| Tiivistelmä: | This article explores the information effect of financial risk management. Financial hedging improves the informativeness of corporate earnings as a signal of management ability and project quality by eliminating extraneous noise. Managerial and shareholder incentives regarding information transmission may differ, however, leading to conflicts regarding an optimal hedging policy. The authors show that these incentives depend on the accounting information made available by the firm. |
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