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.

Extracto

Inhalt

I. Introduction

II. Taxes

III. Debt

IV. Managerial Compensation and Risk Aversion

V. Conclusion

VI. References

Final del extracto de 13 páginas - subir

Detalles

Título: The Determinants of Firms’ Hedging Policies: an Explanatory Summary of Different Scientific Papers
Universidad: University of Innsbruck
Calificación: 1
Autor: BSc Oliver Baumgartner (Autor)
Año de publicación: 2012
Páginas: 13
No. de catálogo: V211890
ISBN (Ebook): 9783656404125
ISBN (Libro): 9783656406518
Idioma: Inglés
Etiqueta: determinants firms’ hedging policies explanatory summary different scientific papers

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

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

Extracto

Table of contents

Detalles