2007
DOI: 10.2139/ssrn.1003358
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Why Spanish Firms Hedge with Derivatives: An Examination of Transaction Exposure

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Cited by 4 publications
(30 citation statements)
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“…The literature on forex risk management shows that there are numerous reasons for a firm to hedge. Hedging determinants are objective factors that have hard measures, many of which are not relevant for smaller firms, for example, leverage (González, Búa, Lopez, & Sandías, 2007), liquidity (González et al, 2007;Joseph, 2000;Schiozer & Saito, 2009), tax charge on profit (Joseph, 2000), and foreign debt (W. B. Elliott, Huffman, & Makar, 2003;González et al, 2007).…”
Section: Overview Of the Literature And Research Gapsmentioning
confidence: 99%
See 4 more Smart Citations
“…The literature on forex risk management shows that there are numerous reasons for a firm to hedge. Hedging determinants are objective factors that have hard measures, many of which are not relevant for smaller firms, for example, leverage (González, Búa, Lopez, & Sandías, 2007), liquidity (González et al, 2007;Joseph, 2000;Schiozer & Saito, 2009), tax charge on profit (Joseph, 2000), and foreign debt (W. B. Elliott, Huffman, & Makar, 2003;González et al, 2007).…”
Section: Overview Of the Literature And Research Gapsmentioning
confidence: 99%
“…Hedging determinants are objective factors that have hard measures, many of which are not relevant for smaller firms, for example, leverage (González, Búa, Lopez, & Sandías, 2007), liquidity (González et al, 2007;Joseph, 2000;Schiozer & Saito, 2009), tax charge on profit (Joseph, 2000), and foreign debt (W. B. Elliott, Huffman, & Makar, 2003;González et al, 2007). In addition, perceived risk could predict behaviours associated with dimensions of risk (Cox & Rich, 1964;Hemsworth, Brophey, & Baregheh, 2013;Kaplan, Szybillo, & Jacoby, 1974).…”
Section: Overview Of the Literature And Research Gapsmentioning
confidence: 99%
See 3 more Smart Citations