Determinants of Currency Hedging in Indian Non-Financial Firms: A Study of Pre-COVID, COVID and Post-COVID Era
Kritika Mathur & Sarita Singh
What the paper says
The present study examines the determinants of currency hedging in Indian non-financial firms. The study uses a sample of 512 Indian non-financial firms for 2016 to 2022, during the pre-COVID, COVID and post-COVID period. The study uses panel logistic regression with the dependent variable taking a binary form with firms using currency derivatives assigned a value of 1 and those not using them receiving a value of 0. The study also uses different firm-level internal factors as independent variables. The present research can improve corporate managers’ risk management practices to shield themselves from currency fluctuations.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.