Does the use of foreign currency derivatives affect colombian firms? market value?

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Borradores de Economía; No. 562
Date published
2009-05-10
Date of last update
2009-05-10
Author
Gómez-González, José Eduardo
León-Rincón, Carlos Eduardo
Leiton-Rodríguez, Karen Juliet
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Classic financial theory relies on the absolute perfection of capital markets, which results in one of the milestones of theoretical corporate finance: the firm's value is invariant to the choice of capital structure. As an extension to the aforementioned
JEL Codes
G30 - Corporate Finance and Governance: GeneralG32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Keywords
Modigliani-Miller ; Risk management ; Hedging ; Firm value ; Emerging market ; Tobin's Q ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5579
https://hdl.handle.net/20.500.12134/5579
https://doi.org/10.32468/be.562
https://ideas.repec.org/p/bdr/borrec/562.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit