The dynamic effect of corporate financial hedging on firm value: The case of Indian MNCs
This paper explores the effect of financial instruments for exchange rate hedging on a firm's value in the presence of non-operating profit or loss from foreign exchange transactions. This study uses Tobin's Q ratio as a proxy for firm value and a two-step generalized method of moments (GM...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Elsevier
2023-05-01
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Series: | Borsa Istanbul Review |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845023000108 |