Chitru S. Fernando

University of Oklahoma - Michael F. Price College of Business

Rainbolt Chair and Professor of Finance; Director, Division of Finance

Adams Hall

307 West Brooks Street

Norman, OK 73019-4004

United States

http://faculty-staff.ou.edu/F/Chitru.Fernando-1/

SCHOLARLY PAPERS

33

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CITATIONS
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203

Scholarly Papers (33)

1.

Environmental Risk Management and the Cost of Capital

Strategic Management Journal, Forthcoming
Number of pages: 53 Posted: 12 May 2008
Mark Sharfman and Chitru S. Fernando
University of Oklahoma - Michael F. Price College of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 1,513 (11,356)
Citation 5

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environmental risk management, cost of capital, environmental performance, environmental strategy

2.
Downloads 1,170 ( 17,003)
Citation 5

Hedging, Speculation and Shareholder Value

EFA 2003 Annual Conference Paper No. 270
Number of pages: 48 Posted: 23 Jul 2003
Tim Adam and Chitru S. Fernando
Humboldt University and University of Oklahoma - Michael F. Price College of Business
Downloads 1,170 (16,674)
Citation 5

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corporate risk management, speculation, risk premium, forward premium, selective hedging

Hedging, Speculation and Shareholder Value

Journal of Financial Economics, Vol. 81, pp. 283-309, 2006
Posted: 04 Aug 2005 Last Revised: 05 Aug 2008
Tim Adam and Chitru S. Fernando
Humboldt University and University of Oklahoma - Michael F. Price College of Business

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Corporate risk management, hedging, speculation, risk premium, hedging benefits

Are Share Price Levels Informative? Evidence from the Ownership, Pricing, Turnover, and Performance of IPO Firms

Number of pages: 45 Posted: 13 Oct 2003
Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, North Carolina State University - Poole College of Management and Tulane University - A.B. Freeman School of Business
Downloads 937 (23,231)

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Are Share Price Levels Informative? Evidence from the Ownership, Pricing, Turnover and Performance of IPO Firms

Journal of Financial Markets, Vol. 7, No. 4, pp. 377-403, October 2004
Posted: 08 Mar 2004
Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, North Carolina State University - Poole College of Management and Tulane University - A.B. Freeman School of Business

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Share price level, stock splits, initial public offerings, ownership structure, investment banking, investor behavior

4.

Common Liquidity Risk and Market Collapse: Lessons from the Market for Perps

AFA 2002 Atlanta Meetings, Forthcoming
Number of pages: 50 Posted: 03 Dec 2004
Chitru S. Fernando, Richard J. Herring and Avanidhar Subrahmanyam
University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area
Downloads 895 (25,286)

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ownership structure, monitoring, market liquidity, common liquidity risk, market collapse

5.

The Value of Investment Banking Relationships: Evidence from the Collapse of Lehman Brothers

Journal of Finance, Forthcoming, AFA 2011 Denver Meetings Paper
Number of pages: 63 Posted: 19 Mar 2010 Last Revised: 04 May 2011
Chitru S. Fernando, Anthony D. May and William L. Megginson
University of Oklahoma - Michael F. Price College of Business, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 839 (27,698)
Citation 3

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Firm-underwriter relationship, public security offerings, investment banking

Managerial Overconfidence and Corporate Risk Management

AFA 2010 Atlanta Meetings Paper
Number of pages: 41 Posted: 23 Mar 2009 Last Revised: 23 Jul 2012
Tim Adam, Chitru S. Fernando and Evgenia V. Golubeva
Humboldt University, University of Oklahoma - Michael F. Price College of Business and University of Oklahoma - Division of Finance
Downloads 460 (60,525)

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corporate risk management, selective hedging, speculation, managerial overconfidence

Managerial Overconfidence and Corporate Risk Management

Journal of Banking and Finance, Forthcoming
Number of pages: 45 Posted: 04 Aug 2015 Last Revised: 08 Aug 2015
Tim Adam, Chitru S. Fernando and Evgenia V. Golubeva
Humboldt University, University of Oklahoma - Michael F. Price College of Business and University of Oklahoma - Division of Finance
Downloads 258 (117,106)

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corporate risk management; selective hedging; speculation; managerial overconfidence

Credit Enhancement Through Financial Engineering: Freeport-Mcmoran's Gold-Denominated Depositary Shares

AFA 2001 New Orleans Meetings
Number of pages: 53 Posted: 06 Oct 2000
N.K. Chidambaran, Chitru S. Fernando and Paul A. Spindt
Fordham University - Gabelli School of Business, University of Oklahoma - Michael F. Price College of Business and Tulane University - A.B. Freeman School of Business
Downloads 671 (37,012)
Citation 2

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Risk management, Credit Enhancement, Gold-Linked, Hybrid Securities

Credit Enhancement Through Financial Engineering: Freeport-Mcmoran's Gold-Denominated Depositary Shares

Journal of Financial Economics, May/June 2001
Posted: 01 Oct 2001
N.K. Chidambaran, Chitru S. Fernando and Paul A. Spindt
Fordham University - Gabelli School of Business, University of Oklahoma - Michael F. Price College of Business and Tulane University - A.B. Freeman School of Business

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Risk management, Credit Enhancement, Gold-Linked, Hybrid Securities

Commonality in Liquidity: Transmission of Liquidity Shocks Across Investors and Securities

Number of pages: 42 Posted: 20 Jan 2003
Chitru S. Fernando
University of Oklahoma - Michael F. Price College of Business
Downloads 591 (43,899)

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Market liquidity, liquidity shocks, commonality, liquidity trading

Commonality in Liquidity: Transmission of Liquidity Shocks Across Investors and Securities

Journal of Financial Intermediation, Vol. 12, pp. 233-254, 2003
Posted: 30 Jul 2003
Chitru S. Fernando
University of Oklahoma - Michael F. Price College of Business

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Wanna Dance? How Firms and Underwriters Choose Each Other

AFA 2005 Philadelphia Meetings
Number of pages: 49 Posted: 09 Jun 2004
Chitru S. Fernando, Vladimir A. Gatchev and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 511 (52,951)
Citation 33

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Firm-underwriter choice; public equity offerings; investment banking

Wanna Dance? How Firms and Underwriters Choose Each Other

Journal of Finance, Vol. 60, pp. 2437-2469, October 2005
Posted: 08 Sep 2004
Chitru S. Fernando, Vladimir A. Gatchev and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance and Tulane University - A.B. Freeman School of Business

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Firm-underwriter choice, public equity offerings, investment banking

10.

Determinants of Trading Profits of Individual Traders: Risk Premia or Information?

Number of pages: 54 Posted: 14 Jan 2010 Last Revised: 29 Jan 2013
Michaël Dewally, Louis H. Ederington and Chitru S. Fernando
Towson University - Department of Finance, University of Oklahoma - Division of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 464 (60,505)
Citation 3

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risk premium, trading profits, energy futures, market makers

11.

Institutional Ownership, Analyst Following, and Share Prices

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 23 Feb 2010 Last Revised: 03 Jul 2012
Chitru S. Fernando, Vladimir A. Gatchev and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 444 (63,834)

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Institutional ownership, monitoring, analysts, financial intermediation, share price level, firm value

12.

Determinants of Trader Profits in Commodity Futures Markets

Review of Financial Studies, Forthcoming
Number of pages: 56 Posted: 20 Jun 2013
Michaël Dewally, Louis H. Ederington and Chitru S. Fernando
Towson University - Department of Finance, University of Oklahoma - Division of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 357 (82,588)

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commodity futures, risk premium, hedging pressure, theory of storage, momentum, trader profits, speculators, hedgers, hedge funds, market makers

13.

Determinants of Trader Profits in Futures Markets

Number of pages: 60 Posted: 10 Mar 2011 Last Revised: 28 Jan 2013
Michaël Dewally, Louis H. Ederington and Chitru S. Fernando
Towson University - Department of Finance, University of Oklahoma - Division of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 345 (85,906)

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14.

Why Do Share Price Levels Matter? Investor Clienteles, Monitoring and Firm Performance

Number of pages: 46 Posted: 08 Mar 2004 Last Revised: 19 Sep 2011
Chitru S. Fernando, Vladimir A. Gatchev and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 342 (86,759)
Citation 1

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Share price, stock splits, firm quality, S&P ranking, institutional ownership, monitoring

Corporate Environmental Policy and Shareholder Value: Following the Smart Money

Number of pages: 55 Posted: 07 Nov 2016
Chitru S. Fernando, Mark Sharfman and Vahap Bülent Uysal
University of Oklahoma - Michael F. Price College of Business, University of Oklahoma - Michael F. Price College of Business and University of Oklahoma
Downloads 252 (120,063)
Citation 1

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Environmental Risk Management, Corporate Social Responsibility, Socially Responsible Investing, Institutional Ownership, Analyst Coverage, Firm Value

Corporate Environmental Policy and Shareholder Value: Following the Smart Money

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 66 Posted: 25 Aug 2017
Chitru S. Fernando, Mark Sharfman and Vahap Bülent Uysal
University of Oklahoma - Michael F. Price College of Business, University of Oklahoma - Michael F. Price College of Business and University of Oklahoma
Downloads 86 (293,085)
Citation 1

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Environmental risk management, corporate social responsibility, socially responsible investing, institutional ownership, analyst coverage, firm value

16.

The Causal Effect of Option Pay on Corporate Risk Management

Number of pages: 51 Posted: 05 Jun 2015
Tor-Erik Bakke, Hamed Mahmudi, Chitru S. Fernando and Jesus M. Salas
University of Illinois at Chicago - Department of Finance, University of Delaware - Department of Finance, University of Oklahoma - Michael F. Price College of Business and Lehigh University
Downloads 300 (100,198)
Citation 4

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Corporate risk management, FAS 123R, oil and gas firms, managerial compensation, executive stock options

17.

Common Liquidity Shocks and Market Collapse: Lessons from the Market for Perps

Journal of Banking and Finance, Forthcoming
Number of pages: 30 Posted: 13 Mar 2008
Chitru S. Fernando, Richard J. Herring and Avanidhar Subrahmanyam
University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area
Downloads 277 (109,227)

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ownership concentration, intermediation, market liquidity, common liquidity shocks, market collapse

18.

Credit Enhancement Through Targeted Risk Managment: Freeport-Mcmoran's Gold-Dominated Depository Shares

NYU Working Paper No. FIN-98-087
Number of pages: 43 Posted: 11 Nov 2008
N.K. Chidambaran, Chitru S. Fernando and Paul A. Spindt
Fordham University - Gabelli School of Business, University of Oklahoma - Michael F. Price College of Business and Tulane University - A.B. Freeman School of Business
Downloads 276 (109,676)

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Risk management, Gold-linked, Hybrid Securities

Can Companies Use Hedging Programs to Profit from the Market? Evidence from Gold Producers

Number of pages: 28 Posted: 02 Dec 2008
Tim Adam and Chitru S. Fernando
Humboldt University and University of Oklahoma - Michael F. Price College of Business
Downloads 270 (111,638)

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Corporate risk management, speculation, risk premium, hedging benefits

Can Companies Use Hedging Programs to Profit from the Market? Evidence from Gold Producers

Journal of Applied Corporate Finance, Vol. 20, No. 4, pp. 86-97, Fall 2008
Number of pages: 14 Posted: 18 Dec 2008
Tim Adam and Chitru S. Fernando
Humboldt University and University of Oklahoma - Michael F. Price College of Business
Downloads 2 (666,990)
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20.

The Role of Financial Markets in Determining Physical Oil Prices: A Survey of the Literature

Number of pages: 84 Posted: 01 Oct 2012
University of Oklahoma - Division of Finance, University of Oklahoma - Michael F. Price College of Business, Energy Information Administration - US DOE, University of Oklahoma - Michael F. Price College of Business and Wichita State University - W. Frank Barton School of Business
Downloads 242 (125,636)

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Oil prices, energy markets, energy derivatives, commodity index funds, speculation, arbitrage

Is Share Price Related to Marketability? Evidence from Mutual Fund Share Splits

97-06
Number of pages: 31 Posted: 19 Oct 2003
Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, North Carolina State University - Poole College of Management and Tulane University - A.B. Freeman School of Business
Downloads 232 (130,517)
Citation 1

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Is Share Price Related to Marketability? Evidence from Mutual Fund Share Splits

Financial Management, Vol. 28, No. 3, Autumn 1999
Posted: 16 Aug 2001
Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, North Carolina State University - Poole College of Management and Tulane University - A.B. Freeman School of Business

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Prestige without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting

Journal of Corporate Finance, Vol. 32, 2015
Number of pages: 64 Posted: 02 Oct 2013 Last Revised: 09 Mar 2016
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 155 (189,553)

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Equity underwriting; underwriter reputation; vertical differentiation; underwriting spreads; investment banking; firm-underwriter matching; underwriting syndicates; analyst coverage

Prestige Without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting

Number of pages: 50 Posted: 30 Jul 2014
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 59 (362,882)
Citation 1

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Equity underwriting; underwriter reputation; vertical differentiation; underwriting spreads; investment banking; firm-underwriter matching; underwriting syndicates; analyst coverage

23.

Why Do Firms Engage in Selective Hedging? Evidence from the Gold Mining Industry

Number of pages: 44 Posted: 05 Jun 2015
Tim Adam, Chitru S. Fernando and Jesus M. Salas
Humboldt University, University of Oklahoma - Michael F. Price College of Business and Lehigh University
Downloads 202 (149,586)
Citation 1

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Corporate risk management, selective hedging, speculation, financial distress, corporate governance, managerial compensation

24.

Are Investment Banks Special Too? Evidence on Relationship-Specific Capital in Investment Bank Services

Number of pages: 31 Posted: 27 Feb 2012 Last Revised: 28 Feb 2012
Chitru S. Fernando, Anthony D. May and William L. Megginson
University of Oklahoma - Michael F. Price College of Business, Wichita State University - W. Frank Barton School of Business and University of Oklahoma
Downloads 176 (169,673)
Citation 1

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Firm-investment bank relationship, bank specialness, investment bank services, public security offerings

25.

Cross-Sectional Performance Persistence of Mutual Fund Managers

Number of pages: 65 Posted: 15 May 2017 Last Revised: 19 Jul 2018
Ilhan Demiralp and Chitru S. Fernando
University of Oklahoma - Division of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 134 (213,090)

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Mutual Funds, Mutual Fund Performance, Portfolio Management, Fund Manager Performance, Cross-Sectional Performance, Performance Persistence, Skill versus Luck

26.

Corporate Social Responsibility Versus Corporate Shareholder Responsibility: A Family Firm Perspective

Number of pages: 56 Posted: 30 May 2018
Amal Abeysekera and Chitru S. Fernando
University of Oklahoma - Michael F. Price College of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 121 (230,455)
Citation 1

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family firms, corporate governance, corporate social responsibility, corporate shareholder responsibility, corporate environmental performance

27.

Arbitrage and Its Physical Limits

Number of pages: 53 Posted: 15 May 2017 Last Revised: 17 May 2017
University of Oklahoma - Division of Finance, University of Oklahoma - Michael F. Price College of Business, Purdue University - Division of Finance and University of Oklahoma - Michael F. Price College of Business
Downloads 119 (233,318)

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Limits to Arbitrage, Commodity Markets, Theory of Storage, Oil Futures Market, Physical Constraints, Cash-And-Carry Arbitrage

28.

Dynamics of Arbitrage

Number of pages: 63 Posted: 25 Jul 2018
University of Oklahoma - Division of Finance, University of Oklahoma - Michael F. Price College of Business, Purdue University - Division of Finance, Energy Information Administration - US DOE and University of Oklahoma - Michael F. Price College of Business
Downloads 85 (292,687)
Citation 1

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theory of storage, commodity markets, cash-and-carry arbitrage, financialization, spot oil markets, oil futures markets, oil storage

29.

Why Do Firms Speculate? Evidence from the Gold Mining Industry

EFA 2007 Ljubljana Meetings Paper
Number of pages: 42 Posted: 05 Mar 2007
Tim Adam, Chitru S. Fernando and Jesus M. Salas
Humboldt University, University of Oklahoma - Michael F. Price College of Business and Lehigh University
Downloads 48 (393,236)
Citation 3

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Corporate risk management, selective hedging, speculation, managerial compensation

30.

Characteristics of Petroleum Product Prices: A Survey

Number of pages: 45 Posted: 10 Oct 2018
University of Oklahoma - Division of Finance, University of Oklahoma - Michael F. Price College of Business, Missouri State University - College of Business, Energy Information Administration - US DOE and University of Oklahoma - Michael F. Price College of Business
Downloads 46 (400,177)

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Petroleum Product Prices, Commodities, Energy Economics

31.

A Review of the Evidence on the Relation Between Crude Oil Prices and Petroleum Product Prices

Number of pages: 47 Posted: 10 Oct 2018
University of Oklahoma - Division of Finance, University of Oklahoma - Michael F. Price College of Business, Missouri State University - College of Business, Energy Information Administration - US DOE and University of Oklahoma - Michael F. Price College of Business
Downloads 45 (403,694)

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Oil Prices, Petroleum Product Prices, Energy Economics, Commodities

32.

Two‐Sided Matching: How Corporate Issuers and Their Underwriters Choose Each Other

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 103-115, 2013
Number of pages: 15 Posted: 13 Sep 2013
Chitru S. Fernando, Vladimir A. Gatchev and Paul A. Spindt
University of Oklahoma - Michael F. Price College of Business, University of Central Florida - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 0 (667,153)
Citation 1
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33.

Are Investment Banks Special Too? Evidence on Relationship‐Specific Capital in Investment Bank Services

Journal of Applied Corporate Finance, Vol. 24, Issue 1, pp. 92-104, 2012
Number of pages: 15 Posted: 25 Mar 2012
Chitru S. Fernando, William L. Megginson and Anthony D. May
University of Oklahoma - Michael F. Price College of Business, University of Oklahoma and Wichita State University - W. Frank Barton School of Business
Downloads 0 (667,153)
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Other Papers (1)

Total Downloads: 87
1.

Dynamic Risk Management and Private Corporate Information: Evidence from Hedging Announcements

Number of pages: 49 Posted: 10 Oct 2015 Last Revised: 06 May 2019
Vikas Raman, Chitru S. Fernando and Seth A. Hoelscher
Lancaster University - Department of Accounting and Finance, University of Oklahoma - Michael F. Price College of Business and Missouri State University - College of Business
Downloads 87 (284,926)

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Corporate risk management, dynamic hedging, hedging changes, hedging announcements, disclosure, asymmetric information, gold mining firms.