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Multinationals, Hedging, and Capital Structure under Exchange Rate Uncertainty
16 references·1 citing·37 second hop
Multinationals, Hedging, and Capital Structure under Exchange Rate Uncertainty (2006)Multinationals, Hedging, and Capital Stru…Fundamentals of Corporate Finance (2018)Fundamentals of Corporate Fin…A Multinational Perspective on Capital Structure Choice and Internal Capital Markets (2004)A Multinational Perspective o…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Taxes and Business Strategy: A Planning Approach (1991)Taxes and Business Strategy: …Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…The Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…Optimal Hedging Policies (1984)Optimal Hedging PoliciesEmpirical exchange rate models of the seventies (1983)Empirical exchange rate model…Principles of Corporate Finance. (1981)Principles of Corporate Finan…Hedging and the Competitive Firm under Price Uncertainty (1979)Hedging and the Competitive F…Information, futures prices, and stabilizing speculation (1978)Information, futures prices, …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…A Theory of Optimal Capital Structure (1976)A Theory of Optimal Capital S…A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE (1973)A STATE‐PREFERENCE MODEL OF O…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Exchange Rate Risk and the Impact of Regret on Trade (2014)Exchange Rate Risk and the Im…Expectations and Exchange Rate Dynamics (1976)Macroeconomics and Reality (1980)The Purchasing Power Parity Puzzle (1996)Monetary Theory and Policy (1999)Forecasting Economic Time Series (2000)Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange (2003)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)The cost of capital, corporation finance and the theory of investment (2008)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)On financial contracting (1979)Optimal capital structure under corporate and personal taxation (1980)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Managerial incentives and risk-taking☆ (2005)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)Determinants of corporate borrowing (1977)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)The Influence of Organizational Acquisition Experience on Acquisition Performance: A Behavioral Learning Perspective (1999)The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1983Empirical exchange rate models of the seventies4,115 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1981Principles of Corporate Finance.3,634 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1973A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE2,598 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 2018Fundamentals of Corporate Finance1,477 cited
  • 1984Optimal Hedging Policies939 cited
  • 1991Taxes and Business Strategy: A Planning Approach920 cited
  • 2004A Multinational Perspective on Capital Structure Choice and Internal Capital Markets881 cited
  • 1976A Theory of Optimal Capital Structure666 cited
  • 1978Information, futures prices, and stabilizing speculation391 cited
  • 1979Hedging and the Competitive Firm under Price Uncertainty

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  • 2014Exchange Rate Risk and the Impact of Regret on Trade10 cited