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

Seminar Paper , 2012 , 13 Pages , Grade: 1

Business economics - Banking, Stock Exchanges, Insurance, Accounting

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.

Table of contents

Inhalt

I. Introduction

II. Taxes

III. Debt

IV. Managerial Compensation and Risk Aversion

V. Conclusion

VI. References

• College: University of Innsbruck
• Grade: 1
• Author: BSc Oliver Baumgartner (Author)
• Publication Year: 2012
• Pages: 13
• Catalog Number: V211890
• ISBN (eBook): 9783656404125
• ISBN (Book): 9783656406518
• Language: English
• Tags: determinants, firms’, hedging, policies, explanatory, summary, different, scientific, papers