Corporate Hedging Impact on Default Probability in Chinese Firms
Research on 501 Chinese firms listed on the Hong Kong Stock Exchange reveals that hedging, particularly with interest rate derivatives, significantly reduces a firm's default risk, with state-owned enterprises less likely to default.
Featured in No. 47 on 1 May 2024 · 6 days after release
- Released
- 25 Apr 2024
- First featured
- No. 47 · 1 May 2024
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- SSRN 4807936
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