haku: @author Parsons, J. E. / yhteensä: 4
viite: 1 / 4
« edellinen | seuraava »
| Tekijä: | Mello, A. S. Parsons, J. E. |
| Otsikko: | Hedging and liquidity |
| Lehti: | Review of Financial Studies
2000 : SPRING, VOL. 13:1, p. 127-153 |
| Asiasana: | HEDGING LIQUIDITY |
| Kieli: | eng |
| Tiivistelmä: | The paper develops a model for evaluating alternative hedging strategies for financially constrained companies. A main advantage of the mmoel is the ability to capture the intertemporal effects of hedging on the company's financial situation. The paper characterizes the optimal hedge. The model allows to determine in case if the hedging strategy lowers or raises firm value and by how much. |
« edellinen | seuraava »
SCIMA