engleski

Corporate Risk Management Rationales: Evidence from Croatian Companies

This paper analyses corporate risk management practices and decision to hedge in large Croatian non-financial companies. By using univariate and multivariate analysis, it explores if decision to hedge corporate risks in the alalysed companies is a function of several firm's characteristics that have been proven as relevant in making risk management decisions.

corporate risk management decision; hedging theories; shareholder value maximisation; managers' private utulitiy maximisation; large Croatian non-financial companies

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