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Value of Hedging in U.S Airline industry: A Perspective on firm value and accounting performance

Nadeem, Nofil; Mohammad, Khondoker Pear and Mroso, Godlisten (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.
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author
Nadeem, Nofil; Mohammad, Khondoker Pear and Mroso, Godlisten
supervisor
organization
year
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},
  keyword      = {risk management,hedging,firm value,Tobin's q,accounting performance,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Value of Hedging in U.S Airline industry: A Perspective on firm value and accounting performance},
  year         = {2010},
}