Jankensgård, Håkan, Walking the Walk: Inside Ownership and Selective Hedging (September 16, 2015). Available for download at SSRN: http://ssrn.com/abstract=2662368 “Firms’ derivative portfolios are largely unpredictable, in the sense that the previous year’s portfolio is a poor predictor of the current one. This unpredictability partly reflects a common corporate practice known as ‘selective hedging’, i.e. adjusting… Continue Reading