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- Publisher
- Wiley
- Copyright
- Copyright © 2016 John Wiley & Sons Ltd
- ISSN
- 0954-1314
- eISSN
- 1467-646X
- DOI
- 10.1111/jifm.12049
- Publisher site
- See Article on Publisher Site
Abstract
This study uses a sample of Canadian natural resource firms during the global financial crisis (GFC) of 2007–2008 to examine the influence of firm hedging strategies on their working capital management. Our evidence implies that increased cash holdings and derivatives are alternative ways of hedging risk, and also provides another perspective on the U.S. “trapped cash” controversy as our sample firms are not R&D intensive and do not face the same tax regime as U.S. multinationals.
Journal
Journal of International Financial Management & Accounting – Wiley
Published: Jun 1, 2016