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ABSTRACT How Does Hedging Affect Firm Value – Evidence from the U.S. Airline Industry Mengdong He This study examines the relation between jet fuel hedging an
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Purpose: Investigation of the relation between firms' values and aviation fuel hedging activities via a dynamic panel data methodology for the major U.S. passen
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Firms' attempts to increase firm value, and that hedging can in fact improve these firms' values. To empirically examine these claims and theoretical prediction
