Download or read book Derivative Hedging and Value in the European Airline Industry written by Timur Kovacevic and published by . This book was released on 2011 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firms' attempts to increase firm value, and that hedging can in fact improve these firms' values. To empirically examine these claims and theoretical predictions of hedging practices and impact on firm value in the airline industry, a quantitative analysis is conducted. The findings do not, however, uniformly support these expectations. Possible explanations are discussed, and overall the question of whether hedging can directly increase firm value, remains relatively open.