This seminar paper deals with three main hedging policies. It is based on the Smith and Stulz (1985) paper "the determinants of firms' hedging policies. Furthermore their results are compared with other scientific papers. At the end, one should be able to get a basic knowledge about hedging and how taxes, debt and managerial behavior can influence different policies.

Leseprobe

Inhalt

I. Introduction

II. Taxes

III. Debt

IV. Managerial Compensation and Risk Aversion

V. Conclusion

VI. References

Ende der Leseprobe aus 13 Seiten - nach oben

Details

Titel: The Determinants of Firms’ Hedging Policies: an Explanatory Summary of Different Scientific Papers
Hochschule: Leopold-Franzens-Universität Innsbruck
Note: 1
Autor: BSc Oliver Baumgartner (Autor:in)
Erscheinungsjahr: 2012
Seiten: 13
Katalognummer: V211890
ISBN (eBook): 9783656404125
ISBN (Buch): 9783656406518
Sprache: Englisch
Schlagworte: determinants firms’ hedging policies explanatory summary different scientific papers

Arbeit zitieren: BSc Oliver Baumgartner (Autor:in), 2012, The Determinants of Firms’ Hedging Policies: an Explanatory Summary of Different Scientific Papers, München, GRIN Verlag, https://www.grin.com/document/211890

The Determinants of Firms’ Hedging Policies: an Explanatory Summary of Different Scientific Papers

Leseprobe

Table of contents

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