Why do firms engage in selective hedging? Evidence from the gold mining industry
Journal of Banking and Finance(2017)
摘要
•Extent of selective hedging related to likelihood of financial distress.•No evidence selective hedging driven by information advantage.•Selective hedging increases stock price volatility.•Small firms engage in more selective hedging than large firms.
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关键词
G11,G14,G32,G39
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