The Use of Currency Derivatives by Brazilian Companies: An Empirical Investigation
This paper studies the use of foreign currency derivatives for a sample of non-financial Brazilian companies from 1996 to 2004. The paper verifies that some of the hypotheses presented by the optimal hedging literature are able to explain the Brazilian companies decision to use currency derivatives...
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| Format: | Article |
| Language: | English |
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Brazilian Society of Finance
2007-12-01
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| Series: | Revista Brasileira de Finanças |
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| Online Access: | http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1172 |