메뉴 건너뛰기




Volumn 92, Issue 2, 2009, Pages 238-251

Capital expenditures, financial constraints, and the use of options

Author keywords

Hedging; Instrument choice; Insurance; Risk management; Speculation

Indexed keywords


EID: 64849104677     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2008.04.007     Document Type: Article
Times cited : (58)

References (24)
  • 1
    • 0036155571 scopus 로고    scopus 로고
    • Risk management and the credit risk premium
    • Adam T. Risk management and the credit risk premium. Journal of Banking and Finance 26 (2002) 243-269
    • (2002) Journal of Banking and Finance , vol.26 , pp. 243-269
    • Adam, T.1
  • 2
    • 33745949099 scopus 로고    scopus 로고
    • Hedging, speculation, and shareholder value
    • Adam T., and Fernando C. Hedging, speculation, and shareholder value. Journal of Financial Economics 81 (2006) 283-309
    • (2006) Journal of Financial Economics , vol.81 , pp. 283-309
    • Adam, T.1    Fernando, C.2
  • 4
    • 22444451792 scopus 로고    scopus 로고
    • 1998 Survey of financial risk management by US nonfinancial firms
    • Bodnar G.M., Hayt G.S., and Marston R.C. 1998 Survey of financial risk management by US nonfinancial firms. Financial Management 27 (1998) 70-91
    • (1998) Financial Management , vol.27 , pp. 70-91
    • Bodnar, G.M.1    Hayt, G.S.2    Marston, R.C.3
  • 5
    • 0037570350 scopus 로고    scopus 로고
    • Managing foreign exchange risk with derivatives
    • Brown G.W. Managing foreign exchange risk with derivatives. Journal of Financial Economics 60 (2001) 401-448
    • (2001) Journal of Financial Economics , vol.60 , pp. 401-448
    • Brown, G.W.1
  • 10
    • 0041902319 scopus 로고    scopus 로고
    • Credit enhancement through financial engineering: freeport-McMoRan's gold-denominated depositary shares
    • Chidambaran N.K., Fernando C., and Spindt P. Credit enhancement through financial engineering: freeport-McMoRan's gold-denominated depositary shares. Journal of Financial Economics 60 (2001) 487-528
    • (2001) Journal of Financial Economics , vol.60 , pp. 487-528
    • Chidambaran, N.K.1    Fernando, C.2    Spindt, P.3
  • 11
    • 0002108312 scopus 로고    scopus 로고
    • Who buys and who sells options: the role of options in an economy with background risk
    • Franke G., Stapleton R.C., and Subrahmanyam M.G. Who buys and who sells options: the role of options in an economy with background risk. Journal of Economic Theory 82 (1998) 89-109
    • (1998) Journal of Economic Theory , vol.82 , pp. 89-109
    • Franke, G.1    Stapleton, R.C.2    Subrahmanyam, M.G.3
  • 12
    • 84993843447 scopus 로고
    • Risk management: coordinating corporate investment and financing policies
    • Froot K.A., Scharfstein D.S., and Stein J.C. Risk management: coordinating corporate investment and financing policies. Journal of Finance 48 (1993) 1629-1658
    • (1993) Journal of Finance , vol.48 , pp. 1629-1658
    • Froot, K.A.1    Scharfstein, D.S.2    Stein, J.C.3
  • 14
    • 0001206751 scopus 로고
    • Who should buy portfolio insurance?
    • Leland H.E. Who should buy portfolio insurance?. Journal of Finance 35 (1980) 581-594
    • (1980) Journal of Finance , vol.35 , pp. 581-594
    • Leland, H.E.1
  • 15
  • 16
    • 34248228822 scopus 로고    scopus 로고
    • The value of corporate risk management
    • MacKay P., and Moeller S.B. The value of corporate risk management. Journal of Finance 62 (2007) 1379-1419
    • (2007) Journal of Finance , vol.62 , pp. 1379-1419
    • MacKay, P.1    Moeller, S.B.2
  • 17
    • 0036116622 scopus 로고    scopus 로고
    • When are real options exercised? An empirical study of mine closings
    • Moel A., and Tufano P. When are real options exercised? An empirical study of mine closings. Review of Financial Studies 15 (2002) 35-64
    • (2002) Review of Financial Studies , vol.15 , pp. 35-64
    • Moel, A.1    Tufano, P.2
  • 18
    • 0000079785 scopus 로고
    • Hedging price risk with options and futures for the competitive firm with production flexibility
    • Moschini G., and Lapan H. Hedging price risk with options and futures for the competitive firm with production flexibility. International Economic Review 33 (1992) 607-618
    • (1992) International Economic Review , vol.33 , pp. 607-618
    • Moschini, G.1    Lapan, H.2
  • 19
    • 21844496047 scopus 로고
    • The hedging role of options and futures under joint price, basis, and production risk
    • Moschini G., and Lapan H. The hedging role of options and futures under joint price, basis, and production risk. International Economic Review 36 (1995) 1025-1049
    • (1995) International Economic Review , vol.36 , pp. 1025-1049
    • Moschini, G.1    Lapan, H.2
  • 20
    • 0347013785 scopus 로고    scopus 로고
    • Risk measurement and hedging: with and without derivatives
    • Petersen M.A., and Thiagarajan S.R. Risk measurement and hedging: with and without derivatives. Financial Management 29 (2000) 5-30
    • (2000) Financial Management , vol.29 , pp. 5-30
    • Petersen, M.A.1    Thiagarajan, S.R.2
  • 21
    • 64849086568 scopus 로고    scopus 로고
    • Servaes, H., Tufano, P., 2006. 2005 Global Survey of Corporate Financial Policies and Practices. Research report. Deutsche Bank Liability Strategies Group.
    • Servaes, H., Tufano, P., 2006. 2005 Global Survey of Corporate Financial Policies and Practices. Research report. Deutsche Bank Liability Strategies Group.
  • 23
    • 0009169278 scopus 로고    scopus 로고
    • Who manages risk? An empirical examination of risk management practices in the gold mining industry
    • Tufano P. Who manages risk? An empirical examination of risk management practices in the gold mining industry. Journal of Finance 51 (1996) 1097-1137
    • (1996) Journal of Finance , vol.51 , pp. 1097-1137
    • Tufano, P.1
  • 24
    • 0040844809 scopus 로고    scopus 로고
    • The determinants of stock price exposure: financial engineering and the gold mining industry
    • Tufano P. The determinants of stock price exposure: financial engineering and the gold mining industry. Journal of Finance 53 (1998) 1015-1052
    • (1998) Journal of Finance , vol.53 , pp. 1015-1052
    • Tufano, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.