Value of Hedging in U.S Airline industry: A Perspective on firm value and accounting performance
(2010)Department of Business Administration
- Abstract
- The purpose of this research is to investigate the value premium associated with extent of hedging in the U.S. airline industry during the period 2006 to 2010 and to study the results of hedging on accounting performance as a proxy for firm value. The multivariate approach has been taken to measure the firm value using Tobin's q and accounting performance variables. The results show that hedging has a significant effect having a premium of 22.2% on firm value using Tobin's q but the hedging has no effect on Accounting performance as value measure. Therefore, the results on accounting performance do not complement our value results of Tobin's q.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1977493
- author
- Nadeem, Nofil ; Mohammad, Khondoker Pear and Mroso, Godlisten
- supervisor
- organization
- year
- 2010
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- risk management, hedging, firm value, Tobin's q, accounting performance, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 1977493
- date added to LUP
- 2010-05-31 00:00:00
- date last changed
- 2012-04-02 18:54:47
@misc{1977493, abstract = {{The purpose of this research is to investigate the value premium associated with extent of hedging in the U.S. airline industry during the period 2006 to 2010 and to study the results of hedging on accounting performance as a proxy for firm value. The multivariate approach has been taken to measure the firm value using Tobin's q and accounting performance variables. The results show that hedging has a significant effect having a premium of 22.2% on firm value using Tobin's q but the hedging has no effect on Accounting performance as value measure. Therefore, the results on accounting performance do not complement our value results of Tobin's q.}}, author = {{Nadeem, Nofil and Mohammad, Khondoker Pear and Mroso, Godlisten}}, language = {{swe}}, note = {{Student Paper}}, title = {{Value of Hedging in U.S Airline industry: A Perspective on firm value and accounting performance}}, year = {{2010}}, }