Why Do Firms Engage in Selective Hedging? Evidence from the Gold Mining Industry
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DOI: 10.1016/j.jbankfin.2015.05.006
Abstract: The widespread practice of managers speculating by incorporating their market views into firms’ hedging programs (“selective hedging”) remains a puzzle. Using a 10-year sample of North American gold mining firms, we find no evidence that… read more here.
Keywords: hedging; selective hedging; gold mining; evidence ... See more keywords
Me, myself and I: CEO narcissism and selective hedging
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DOI: 10.1111/eufm.12328
Abstract: In this paper, we test the hypothesis that CEO narcissism influences firms’ hedging behaviour. Unlike rare but transformative events like acquisitions, derivative usage offers the narcissistic manager a convenient stage for bold and decisive action… read more here.
Keywords: narcissism; ceo; ceo narcissism; narcissism selective ... See more keywords