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Currency Hedging and Corporate Governance: A Cross-country Analysis
16 references·1 citing·34 second hop
Currency Hedging and Corporate Governance: A Cross-country Analysis (2006)Currency Hedging and Corporate Governance…Why are foreign firms listed in the U.S. worth more? (2003)Why are foreign firms listed …Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Investor Protection and Corporate Valuation (2002)Investor Protection and Corpo…Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility (2002)Estimating the Value of Emplo…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Dividends and Expropriation (2001)Dividends and ExpropriationCorporate governance proposals and shareholder activism: the role of institutional investors (2000)Corporate governance proposal…Law and Finance (1998)Law and FinanceA Survey of Corporate Governance (1997)A Survey of Corporate Governa…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…The Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…Theory of Rational Option Pricing (1973)Theory of Rational Option Pri…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Financial risk exposures and risk management: evidence from european nonfinancial firms (2011)Financial risk exposures and …Determinants of corporate borrowing (1977)Management ownership and market valuation (1988)Audit committee, board of director characteristics, and earnings management (2002)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)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)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Performance Pay and Top-Management Incentives (1990)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)The Nature of the Firm (1937)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Legal Determinants of External Finance (1997)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Option pricing: A simplified approach (1979)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)The ultimate ownership of Western European corporations (2002)
this work references cited by second hop

References

  • 1998Law and Finance17,902 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1973Theory of Rational Option Pricing8,060 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 2002Investor Protection and Corporate Valuation4,055 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 2001Dividends and Expropriation1,791 cited
  • 2000Corporate governance proposals and shareholder activism: the role of institutional investors1,776 cited
  • 2002Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility1,697 cited

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Why are foreign firms listed in the U.S. worth more?
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  • 2011Financial risk exposures and risk management: evidence from european nonfinancial firms12 cited