Resumen
Empirical evidence indicates that the frequency of using derivatives is less than recommended in financial theory. From a sample of companies in the United States' agribusiness industry (201 firms), 41% of them use derivatives to hedge risk; the larger companies, indebtedness and investment opportunities being those more likely to use these instruments. The main contribution of this paper is to jointly study the determinants of the use of derivatives for hedging, in companies in the agribusiness industry, providing key details to understand the dynamics of financial risk management in this industry.
Título traducido de la contribución | ¿son los derivados financieros una herramienta de gestión de riesgo de uso frecuente en la industria de agronegocios? |
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Idioma original | Inglés |
Páginas (desde-hasta) | 65-78 |
Número de páginas | 14 |
Publicación | Academia Revista Latinoamericana de Administracion |
N.º | 51 |
Estado | Publicada - 2012 |
Publicado de forma externa | Sí |