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http://ssrn.com/abstract=928094
 
 

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Southwest Airlines: Hedging and Shareholder Value


Michael R. Ingrassia


Georgetown University Law Center

Victor Fleischer


University of San Diego School of Law

August 30, 2006

U of Colorado Law Legal Studies Research Paper No. 06-29

Abstract:     
This teaching case describes the hedging program of Southwest Airlines and asks students to consider whether the purchase of additional (now more costly) fuel hedging contracts makes sense. The case prepares students to consider arguments for and against hedging. The case also explores the legal implications of hedging and its relationship to shareholder vs. stakeholder theory, and it asks students to consider in what circumstances hedging against unsystematic risk is a proper exercise of fiduciary duty.

Number of Pages in PDF File: 25

Keywords: hedging, Southwest, airlines, fiduciary duty, shareholder value

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Date posted: September 4, 2006  

Suggested Citation

Ingrassia, Michael R. and Fleischer, Victor, Southwest Airlines: Hedging and Shareholder Value (August 30, 2006). U of Colorado Law Legal Studies Research Paper No. 06-29. Available at SSRN: http://ssrn.com/abstract=928094 or http://dx.doi.org/10.2139/ssrn.928094

Contact Information

Michael R. Ingrassia
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
Victor Fleischer (Contact Author)
University of San Diego School of Law ( email )
5998 Alcala Park
San Diego, CA 92110-2492
United States
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