Plausibly Exogenous [1424] - Hedging (12/25/2023)
LHS Variable
Risk management
RHS Variable
Independence of the board of directors
Source of Exogenous Variation
NYSE/NASDAQ listing rule changes, which exogenously imposed board composition changes
- Huang, Peyer, and Segal (2013), “Do Firms Hedge Optimally? Evidence from an exogenous governance change”