The Determinants of Firms Hedging Policies: an Explanatory Summary of Different Scientific Papers

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Focusing on hedging policies, this seminar paper analyzes the foundational work of Smith and Stulz (1985) and compares their findings with other research. It aims to provide readers with a fundamental understanding of hedging, highlighting the impact of factors such as taxes, debt, and managerial behavior on various hedging strategies. The paper is a valuable resource for those looking to grasp the complexities of risk management within the context of business economics.