The choice of foreign exchange hedging techniques: an international study

Faff, R. and Marshall, A.P.; Fetherston, T.A. and Batten, J.A., eds. (2002) The choice of foreign exchange hedging techniques: an international study. In: Financial risk and financial risk management. Elsevier Science, London, pp. 137-172. ISBN 0762308583

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Abstract

The degree of utilisation of both internal and external hedging techniques depends on the type of exposure that is hedged. Furthermore, the characteristics of the firms appear to explain the choice of hedging technique but the use of certain hedging techniques appears to be associated with increases in the variability of some accounting measures.