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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-28171
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dc.contributor.authorHecht, Andreas-
dc.date.accessioned2023-07-06T14:45:08Z-
dc.date.available2023-07-06T14:45:08Z-
dc.date.issued2021-
dc.identifier.issn1863-6683de_CH
dc.identifier.issn1863-6691de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/28171-
dc.description.abstractWe examine the impact of managerial characteristics on the choice of risk-decreasing and risk-increasing/-constant strategies. Using unique data on firm-, year-, and currency-specific FX exposure before and after hedging with corresponding hedging instruments, we are able to measure how much a CEO has been involved in risk-increasing/-constant strategies over several years. We provide evidence that firms where the CEO has an MBA degree and is older are more likely to engage in risk-increasing/-constant strategies. In addition, we find that a CEO’s affiliation to the owner’s family seems to reduce the amount of derivatives a firms uses, while hedging short tends to increase derivative volumes.de_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofReview of Managerial Sciencede_CH
dc.rightshttp://creativecommons.org/licenses/by/4.0/de_CH
dc.subjectForeign exchangede_CH
dc.subjectDerivativesde_CH
dc.subjectRisk managementde_CH
dc.subjectSpeculationde_CH
dc.subjectManagerial characteristicsde_CH
dc.subject.ddc332.6: Investitionde_CH
dc.titleThe role of managerial characteristics in FX risk management : who increases risk?de_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Financial Management (IFI)de_CH
dc.identifier.doi10.1007/s11846-020-00432-xde_CH
dc.identifier.doi10.21256/zhaw-28171-
zhaw.funding.euNode_CH
zhaw.issue8de_CH
zhaw.originated.zhawNode_CH
zhaw.pages.end2406de_CH
zhaw.pages.start2377de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume15de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Hecht, A. (2021). The role of managerial characteristics in FX risk management : who increases risk? Review of Managerial Science, 15(8), 2377–2406. https://doi.org/10.1007/s11846-020-00432-x
Hecht, A. (2021) ‘The role of managerial characteristics in FX risk management : who increases risk?’, Review of Managerial Science, 15(8), pp. 2377–2406. Available at: https://doi.org/10.1007/s11846-020-00432-x.
A. Hecht, “The role of managerial characteristics in FX risk management : who increases risk?,” Review of Managerial Science, vol. 15, no. 8, pp. 2377–2406, 2021, doi: 10.1007/s11846-020-00432-x.
HECHT, Andreas, 2021. The role of managerial characteristics in FX risk management : who increases risk? Review of Managerial Science. 2021. Bd. 15, Nr. 8, S. 2377–2406. DOI 10.1007/s11846-020-00432-x
Hecht, Andreas. 2021. “The Role of Managerial Characteristics in FX Risk Management : Who Increases Risk?” Review of Managerial Science 15 (8): 2377–2406. https://doi.org/10.1007/s11846-020-00432-x.
Hecht, Andreas. “The Role of Managerial Characteristics in FX Risk Management : Who Increases Risk?” Review of Managerial Science, vol. 15, no. 8, 2021, pp. 2377–406, https://doi.org/10.1007/s11846-020-00432-x.


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