| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10475787 | Journal of Financial Economics | 2013 | 22 Pages |
Abstract
⺠Risk management decisions and firm value are endogenous. ⺠New insurance policies provide shocks to the supply of hedging instruments. ⺠These shocks lead to greater productivity. ⺠Productivity is a channel through which hedging could affect firm value. ⺠Hedging improves productivity by relaxing financial constraints.
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Accounting
Authors
Jess Cornaggia,