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Theories for Application in Paper on Hedging
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This 5 page paper looks at the different theories which may be used when assessing why fuel hedging takes place in the airline industry. The theories considered include risk reduction, Modigliani and Miller’s Equity Arbitrage theorem, classical investment theory, agency theory, risk regret theory and escalating commitment. The bibliography cites 9 sources.
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Pages:
5
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Filename:TS14_TEairhedgethe.doc |
Paper Title:
Theories for Application in Paper on Hedging
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