Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
The determinants of corporate risk management
Bibliography: leaves 123-128.
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2015
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613184696778752 |
|---|---|
| access_status_str | Open Access |
| author | Dunley-Owen, Tracy |
| author2 | Hobson, Jane |
| author_browse | Dunley-Owen, Tracy Hobson, Jane |
| author_facet | Hobson, Jane Dunley-Owen, Tracy |
| author_sort | Dunley-Owen, Tracy |
| collection | Thesis |
| description | Bibliography: leaves 123-128. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/13914 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:07.214Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/13914 The determinants of corporate risk management Dunley-Owen, Tracy Hobson, Jane Finance Bibliography: leaves 123-128. Traditional financial theory which is based on the Modigliani-Miller indifference paradigm, suggests that a firm's financial policies, of which risk management is one component, are irrelevant. However, this conclusion is seemingly contradicted by the observation of widespread use of derivatives by companies, particularly for hedging purposes. This apparent conflict is receiving attention from international financial researchers. A number of hypothesis have been proposed to explain corporate risk management. To evaluate the strength of these theories, this paper begins with a formalised process of identifying the assumptions underlying the hypotheses. The theories are classified according to which assumptions are relaxed. A limited number of international empirical studies have been performed to date. The results have been varied; four of the important studies are discussed. For the first time, an empirical investigation into the determinants of corporate risk management in South Africa is conducted. The most significant findings are that larger firms are more inclined to undertake risk management, and the likelihood of a firm hedging increases with the size of the director's ownership in the company. 2015-09-14T18:11:53Z 2015-09-14T18:11:53Z 1997 Master Thesis Masters MBusSc http://hdl.handle.net/11427/13914 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Finance Dunley-Owen, Tracy The determinants of corporate risk management |
| thesis_degree_str | Master's |
| title | The determinants of corporate risk management |
| title_full | The determinants of corporate risk management |
| title_fullStr | The determinants of corporate risk management |
| title_full_unstemmed | The determinants of corporate risk management |
| title_short | The determinants of corporate risk management |
| title_sort | determinants of corporate risk management |
| topic | Finance |
| url | http://hdl.handle.net/11427/13914 |
| work_keys_str_mv | AT dunleyowentracy thedeterminantsofcorporateriskmanagement AT dunleyowentracy determinantsofcorporateriskmanagement |