Capital budgeting and political risk: Empirical evidence

M Holmen, B Pramborg - Journal of International Financial …, 2009 - Wiley Online Library
This paper surveys and investigates Swedish firms' use of capital budgeting techniques for
foreign direct investments. We document that the use of the theoretically correct net present …

Hedging foreign exchange exposure: Risk reduction from transaction and translation hedging

N Hagelin, B Pramborg - Journal of International Financial …, 2004 - Wiley Online Library
Using a sample of Swedish firms we investigate the risk reducing effect of foreign exchange
exposure hedging. Further, we investigate risk reduction from using different hedging …

Foreign exchange risk management by Swedish and Korean nonfinancial firms: A comparative survey

B Pramborg - Pacific-Basin Finance Journal, 2005 - Elsevier
… Panel (B) contains the mean rank that was assigned to each alternative by those firms …
Panel (B) contains the mean rank assigned to each alternative. The last column of panel (B) …

Derivatives hedging, geographical diversification, and firm market value

B Pramborg - Journal of Multinational Financial Management, 2004 - Elsevier
… Table 1 presents firm characteristics (Panel A) and summary results from the surveys (Panel
B) for these observations. In Panel B, the first row shows the measure foreign activity, which …

Derivative usage by non‐financial firms in Sweden 1996 and 2003: what has changed?

P Alkebäck, N Hagelin, B Pramborg - Managerial Finance, 2006 - emerald.com
Purpose – The purpose of this paper is to investigate Swedish non‐financial firms’ use of
derivatives in 2003 and to compare the results with an earlier study investigating Swedish firms …

Managerial stock options and the hedging premium

…, M Holmén, JD Knopf, B Pramborg - European Financial …, 2007 - Wiley Online Library
Previous studies have found mixed evidence on whether hedging increases firm value. Some
studies have shown that managerial incentives may influence firm hedging. In this paper …

Family ownership, dual-class shares, and risk management

N Hagelin, M Holmén, B Pramborg - Global Finance Journal, 2006 - Elsevier
We investigate whether the use of dual-class shares affects the financial policy of Swedish
public corporations. Specifically, we distinguish between firms that are controlled by owners …

Empirical evidence concerning incentives to hedge transaction and translation exposures

N Hagelin, B Pramborg - Journal of Multinational Financial Management, 2006 - Elsevier
… Like Panel A, Panel B presents the results broken down by size group. From Panel B it
can be seen that 54.2% of the pooled sample used currency derivatives or foreign-denominated …

Managing financial risk and uncertainty: The case of venture capital and buy‐out funds

C Kut, B Pramborg, J Smolarski - Global business and …, 2007 - Wiley Online Library
To be successful in the private equity industry, funds must manage the many aspects of risk
that are associated with venture capital and buy‐out investing. This study provides survey …

Evaluating gains from diversifying into hedge funds using dynamic investment strategies

N Hagelin, B Pramborg - Available at SSRN 407702, 2003 - papers.ssrn.com
In this study, we examine the returns and investment policies for portfolios of stocks and bonds
with and without hedge funds. We apply the discrete-time dynamic investment model that …