The determinants of foreign currency hedging-evidence from Hong Kong non-financial firms

被引：7
|
作者：
Hu C. [1 ]
Wang P. [1 ]
机构：
[1] Tanaka Business School, Imperial College, London
来源：
Asia-Pacific Financial Markets | 2005年 / 12卷 / 1期
关键词：
Currency hedging; Currency policy; Financial distress; Growth options; Tax saving;
D O I：
10.1007/s10690-006-9014-9
中图分类号：
学科分类号：
摘要：
Hong Kong is one of the largest trading economies in the world. Business opportunities attract the presence of more and more multinational companies and different currencies. Hedging currency risks has become an important and vital activity for a success business entity in Hong Kong. This paper empirically tests the determinants of foreign currency hedging for a large sample of Hong Kong non-financial firms. The findings are potentially useful for increasing firms' economic benefit and shareholders' wealth as well as improving the economic efficiency of currency hedging for companies in Hong Kong as well as in the mainland of China. © Springer 2006.
引用
收藏
页码：91 / 107
页数：16
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