The value of corporate hedging and market expectations

Abstract

Full text in Russian. Executive summary in English is available at pp.37.corporate risk, hedging, market efficiency, case Tufano, portfolio approach, корпоративные риÑки, хеджирование, ÑффективноÑÑ‚ÑŒ рынка, ÐºÐµÐ¹Ñ Ð¢ÑƒÑ„Ð°Ð½Ð¾, портфельный подход,