Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry

Bibliographic Details
Main Author: Henriques, Ana Maria Alves Joaquim
Publication Date: 2015
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.14/19981
Summary: This thesis examines the use of financial instruments to hedge jet fuel risk in the airline industry during 2000-2014. The main goals are to understand if changes in the hedging policy increases the airline firm's value, measure by the Tobin's Q and if the use of different financial tools also has an impact in the airline company's value. The results show that all the values are statistically insignificant. This leads to the conclusion that the model used may not be the right one. Further research is needed in the area and maybe the best approach is the one followed by Viessmann (2010).
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spelling Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industryThis thesis examines the use of financial instruments to hedge jet fuel risk in the airline industry during 2000-2014. The main goals are to understand if changes in the hedging policy increases the airline firm's value, measure by the Tobin's Q and if the use of different financial tools also has an impact in the airline company's value. The results show that all the values are statistically insignificant. This leads to the conclusion that the model used may not be the right one. Further research is needed in the area and maybe the best approach is the one followed by Viessmann (2010).Ohana, SteveVeritatiHenriques, Ana Maria Alves Joaquim2016-04-27T07:30:11Z2015-11-0320152015-11-03T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/19981urn:tid:201169932enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-13T10:32:26Zoai:repositorio.ucp.pt:10400.14/19981Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T01:35:48.277370Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
title Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
spellingShingle Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
Henriques, Ana Maria Alves Joaquim
title_short Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
title_full Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
title_fullStr Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
title_full_unstemmed Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
title_sort Does risk management increases the firm value? : evidence from the jet fuel hedging in the airline industry
author Henriques, Ana Maria Alves Joaquim
author_facet Henriques, Ana Maria Alves Joaquim
author_role author
dc.contributor.none.fl_str_mv Ohana, Steve
Veritati
dc.contributor.author.fl_str_mv Henriques, Ana Maria Alves Joaquim
description This thesis examines the use of financial instruments to hedge jet fuel risk in the airline industry during 2000-2014. The main goals are to understand if changes in the hedging policy increases the airline firm's value, measure by the Tobin's Q and if the use of different financial tools also has an impact in the airline company's value. The results show that all the values are statistically insignificant. This leads to the conclusion that the model used may not be the right one. Further research is needed in the area and maybe the best approach is the one followed by Viessmann (2010).
publishDate 2015
dc.date.none.fl_str_mv 2015-11-03
2015
2015-11-03T00:00:00Z
2016-04-27T07:30:11Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/19981
urn:tid:201169932
url http://hdl.handle.net/10400.14/19981
identifier_str_mv urn:tid:201169932
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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