...PHILIP KAMAU; ENO L. INANGA; KAMI RWEGASIRA Purpose – The purpose of this paper is to investigate the extent to which multilateral banks (MBs) use currency derivatives (CDs) to hedge and speculate in managing currency risk. It aims to provide an empirical assessment of CDs products used by MBs...

... show that a diverse fleet is value enhancing to an airline during periods when fuel prices are high or uncertain. Furthermore, this paper shows that a diverse fleet provides an airline with an operational hedge to jet fuel prices. Though the paper focuses on the airline industry, the results...

... $100 million. The study segregates firms into hedging and non‐hedging groups and applies statistical techniques to test if hedging enhances value. Findings The results demonstrate that Canadian firms that have higher levels of US$ sales tend to use derivatives more frequently through higher levels...