The Relationship Between Family Firms and Derivatives Use
| Autor: | CHANG, SHU-CHING, 張淑菁 |
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| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 This study explores the effect of family firms and hedging policies on firm value. Based on the data of public family firms in Taiwan, we investigate that whether family firms use derivatives for hedging can reduce firms’ value or not. The results show that the value of family firms is higher than non-family firms’. In addition, firms’ hedging decision is significant positive related to firms’ value. However, family firms use derivatives for hedging are significant negative related to firms’ value. Our results correspond with the Kim, Pantzalis and Park (2014) who indicated that American’s family firms use derivatives for hedging significantly reduce firms’ value. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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