684
Views
9
CrossRef citations to date
0
Altmetric
Original Articles

Risk management and value creation: new evidence for Brazilian non-financial companies

ORCID Icon, , &

References

  • Allayannis, G., and E. Ofek. 2001. “Exchange Rate Exposure, Hedging, And The Use Of Foreign Currency Derivatives.” Journal Of International Money And Finance 20 (2): 273–296.
  • Arellano, M., and O. Bover. 1995. “Another Look At The Instrumental Variable Estimation Of Error-components Models.” Journal Of Econometrics 68 (1): 29–51.
  • Arellano, M., and S. Bond. 1991. “Some Tests Of Specification For Panel Data: Monte Carlo Evidence And An Application To Employment Equations.” Review Of Economic studies.oxford 58 (2): 277–297.
  • Bartram, S. M., G. W. Brown, and J. Conrad. 2011. “The Effects of Derivatives on Firm Risk and Value.” Journal of Financial and Quantitative Analysis 46 (4): 967–999.
  • Blundell, R., and S. Bond. 1998. “Initial Conditions And Moment Restrictions In Dynamic Panel Data Models.” Journal Of Econometrics 87 (1): 115–143.
  • Demarzo, P. M., and D. Duffie. 1995. “Corporate Incentives for Hedging and Hedge Accounting.” The Review of Financial Studies 8: 743–771.
  • Fauver, L., and A. Naranjo. 2010. “Derivative Usage and Firm Value: The Influence of Agency Costs and Monitoring Problems.” Journal of Corporate Finance 16 (5): 719–735.
  • Galdi, F. C., and L. G. Guerra. 2009. “Determinantes para utilização de hedge accounting: uma escolha contábil.” Revista de Educação e Pesquisa em Contabilidade 3 (2): 23–44.
  • Jin, Y., and P. Jorion. 2004. “Firm Value and Hedging: Evidence from U.S. Oil and Gas Producers.” The Journal of Finance 61 (2): 893–919.
  • Mackenzie, B., D. Coetsee, T. Njikizana, R. Chamboko, B. Colyvas, B. Hanekom. 2013. IFRS 2012. Porto Alegre: Bookman.
  • Matos, E. B. S., R. B. Rezende, E. Paulo, M. M. Marques, L. O. G. Ferreira. 2013. “Utilização de derivativos e hedge accounting nas empresas brasileiras e japonesas na NYSE.” Revista de Contabilidade e Controladoria 5 (2): 74–90.
  • Mayers, D., and C. W. Smith, Jr. 1982. “On the Corporate Demand for Insurance.” Journal Bus 55: 281–296.
  • Modigliani, F., and M. Miller. 1958. “The Cost of Capital, Corporation Finance, and the Theory of Investment.” American Economic Review 48 (3): 261–297.
  • Panaretou, A. 2014. “Corporate Risk Management and Firm Value: Evidence from the UK Market.” The European Journal of Finance 20 (12): 1161–1186.
  • Pérez-González, F., and H. Yun. 2013. “Risk Management and Firm Value: Evidence from Weather Derivatives.” The Journal of Finance 68 (5): 2143–2176.
  • Ribeiro, P. L., S. J. Machado, and J. L. Rossi Júnior. 2013. “Swap, futuro e opções: impacto do uso de instrumentos derivativos sobre o valor das firmas brasileiras.” RAM – Revista de Administração Mackenzie, São Paulo 14 (1): 126–142.
  • Rossi Júnior, J. L. 2008. “A utilização de derivativos agrega valor à firma? Um estudo de caso brasileiro.” RAE-Revista de Administração de Empresas, São Paulo 48 (4): 94–107.
  • Serafini, D. G., and H. H. Sheng. 2011. “O uso de derivativos da taxa de câmbio e o valor de mercado das empresas brasileiras listadas na Bovespa.” Revista de AdministraçãoContemporânea 15 (2): 283–303.
  • Smith, C. W., and R. M. Stulz. 1985. “The Determinants of Firms Hedging Policies.” Journal of Financial and Qualitative Analysis 20 (4): 391–405.
  • Stulz, R. M. 1984. “Optimal Hedging Policies.” Journal Financial Quantitative Analysis 19: 127–140.
  • Walker, Q., J. Kruger, S. Migiro, L. A Sulaiman. 2014. “Hedging and Company Value – A Comparison between South Africa and United States of America.” Asian Journal of Business and Management 2 (6): 568–581.
  • Zou, H. 2010. “Hedging Affecting Firm Value via Financing and Investment: Evidence from Property Insurance Use.” Financial Management 39 (3): 965–996.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.