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Corporate hedging and capital structure decistion - towards an integrated framework for value creation

Hahnenstein, Lutz and Röder, Klaus (2006) Corporate hedging and capital structure decistion - towards an integrated framework for value creation. Journal of financial transformation 17, pp. 161-168.

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Date of publication of this fulltext: 05 Aug 2009 13:59

Abstract

We suggest a joint optimization model for a firm’s hedging and leverage decisions that helps to establish an integrated framework for value creation. Rather than artificially separating the two interrelated parts of the firm’s financial policy, we treat both corporate decision variables as endogenous. We argue that exogenous differences between financial distress costs across firms, and ...

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Item type:Article
Date:August 2006
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzdienstleistungen (Prof. Dr. Klaus Röder)
Interdisciplinary Subject Network:Immobilien- und Kapitalmärkte
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:8457
Owner only: item control page

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