Financial distress and commodity hedging: Evidence from Canadian oil firms
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DOI: 10.1016/j.eneco.2021.105162
Abstract: Abstract Properly implemented risk management practices can help maximize shareholder value by reducing the expected cost of financial distress, and as such firms in deeper financial distress are expected to hedge more. However, empirical studies… read more here.
Keywords: hedging evidence; distress commodity; oil; financial distress ... See more keywords