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Managerial Stock Options and the Hedging Premium
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2007 (English)In: European Financial Management, ISSN 1354-7798, E-ISSN 1468-036X, Vol. 13, no 4, 721-741 p.Article in journal (Refereed) Published
Abstract [en]

Previous studies have found mixed evidence on whether hedging increases firm value. Some studies have shown that managerial incentives may influence firm hedging. In this paper we provide evidence that when hedging is based upon incentives from managers’ options, firm value decreases.

Place, publisher, year, edition, pages
2007. Vol. 13, no 4, 721-741 p.
Keyword [en]
hedging, managerial incentives, firm value
National Category
Economics and Business
URN: urn:nbn:se:uu:diva-13476DOI: 10.1111/j.1468-036X.2007.00380.xISI: 000248961700005OAI: oai:DiVA.org:uu-13476DiVA: diva2:41246
Available from: 2008-01-23 Created: 2008-01-23 Last updated: 2011-01-21Bibliographically approved

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Holmén, Martin
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