Hedging with derivatives and firm value: The role of geographic diversification
This paper explores the relationship between geographical diversification and derivative hedging, as well as their impact on corporate value. We employed multivariate regression analysis using a sample of 211 publicly listed U.S. companies on the S&P 500 index from 2019 to 2023 to examine this relationship. Our focus is foreign exchange hedging and the interaction between hedging and firm
