Hedging Policy and Firm Characteristics
|
Firm Characteristic |
Impact on Hedging |
|
Size |
? |
|
Leverage |
? |
|
Growth options |
? |
|
Credence goods |
? |
|
Product warranties |
? |
|
Future product support |
? |
|
Supplier financing |
? |
|
Closely held firm |
? |
|
Firm-specific assets |
? |
|
Regulation |
? |
|
Marginal corporate tax rate |
? |
|
Marginal personal tax rate |
? |
|
Tax progressivity |
? |
Question: Does what you're going to hedge affect how you hedge?