Managerial Stock Options and the Hedging Premium
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
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.
hedging, managerial incentives, firm value
Economics and Business
IdentifiersURN: urn:nbn:se:uu:diva-13476DOI: 10.1111/j.1468-036X.2007.00380.xISI: 000248961700005OAI: oai:DiVA.org:uu-13476DiVA: diva2:41246