{"id":"https://openalex.org/W2777400673","doi":"https://doi.org/10.1057/s41267-017-0140-6","title":"Does corporate hedging attract foreign institutional investors? Evidence from international firms","display_name":"Does corporate hedging attract foreign institutional investors? Evidence from international firms","publication_year":2018,"publication_date":"2018-03-02","ids":{"openalex":"https://openalex.org/W2777400673","doi":"https://doi.org/10.1057/s41267-017-0140-6","mag":"2777400673"},"language":"en","primary_location":{"id":"doi:10.1057/s41267-017-0140-6","doi":"https://doi.org/10.1057/s41267-017-0140-6","is_oa":false,"landing_page_url":"https://doi.org/10.1057/s41267-017-0140-6","pdf_url":null,"source":{"id":"https://openalex.org/S38024979","display_name":"Journal of International Business Studies","issn_l":"0047-2506","issn":["0047-2506","1478-6990"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Business Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082969052","display_name":"Massimo Massa","orcid":"https://orcid.org/0000-0002-5464-2717","observed_orcids":["https://orcid.org/0000-0002-5464-2717"]},"institutions":[{"id":"https://openalex.org/I102272798","display_name":"INSEAD","ror":"https://ror.org/00ghzk478","country_code":"FR","type":"education","lineage":["https://openalex.org/I102272798"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Massimo Massa","raw_affiliation_strings":["Finance Department, INSEAD, Bd de Constance, 77305, Fontainebleau Cedex, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Finance Department, INSEAD, Bd de Constance, 77305, Fontainebleau Cedex, France","institution_ids":["https://openalex.org/I102272798"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100433995","display_name":"Lei Zhang","orcid":"https://orcid.org/0000-0002-9967-1896","observed_orcids":["https://orcid.org/0000-0002-9967-1896"]},"institutions":[{"id":"https://openalex.org/I165143802","display_name":"The University of Queensland","ror":"https://ror.org/00rqy9422","country_code":"AU","type":"education","lineage":["https://openalex.org/I165143802"]},{"id":"https://openalex.org/I172675005","display_name":"Nanyang Technological University","ror":"https://ror.org/02e7b5302","country_code":"SG","type":"education","lineage":["https://openalex.org/I172675005"]}],"countries":["AU","SG"],"is_corresponding":false,"raw_author_name":"Lei Zhang","raw_affiliation_strings":["Nanyang Business School, Nanyang Technological University, Singapore, Singapore","UQ Business School, University of Queensland, Brisbane, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Nanyang Business School, Nanyang Technological University, Singapore, Singapore","institution_ids":["https://openalex.org/I172675005"]},{"raw_affiliation_string":"UQ Business School, University of Queensland, Brisbane, Australia","institution_ids":["https://openalex.org/I165143802"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5082969052"],"corresponding_institution_ids":["https://openalex.org/I102272798"],"apc_list":{"value":4790,"currency":"USD","value_usd":4790},"apc_paid":null,"fwci":6.6194,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.95931007,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"49","issue":"5","first_page":"605","last_page":"632"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9564999938011169,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9564999938011169,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.028599999845027924,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0071000000461936,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-hedging","display_name":"corporate hedging","score":0.9739999771118164},{"id":"https://openalex.org/keywords/foreign-institutional-investors","display_name":"foreign institutional investors","score":0.8640000224113464},{"id":"https://openalex.org/keywords/foreign-institutional-ownership","display_name":"foreign institutional ownership","score":0.9380000233650208},{"id":"https://openalex.org/keywords/currency-hedging","display_name":"currency hedging","score":0.9769999980926514},{"id":"https://openalex.org/keywords/interest-rate-hedging","display_name":"interest rate hedging","score":1.0},{"id":"https://openalex.org/keywords/corporate-transparency","display_name":"corporate transparency","score":0.7570000290870667},{"id":"https://openalex.org/keywords/corporate-governance-quality","display_name":"corporate governance quality","score":0.925000011920929},{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.7129999995231628},{"id":"https://openalex.org/keywords/international-firms","display_name":"international companies","score":0.8569999933242798}],"concepts":[{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.7716344594955444},{"id":"https://openalex.org/C2779338949","wikidata":"https://www.wikidata.org/wiki/Q4808812","display_name":"Asset quality","level":4,"score":0.6765322685241699},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.6537352800369263},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.6104927062988281},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.6033273935317993},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.593619167804718},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.5849242806434631},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5835899710655212},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.48865917325019836},{"id":"https://openalex.org/C2776746854","wikidata":"https://www.wikidata.org/wiki/Q11430545","display_name":"Foreign ownership","level":3,"score":0.47076845169067383},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.46426889300346375},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.44635212421417236},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.426676869392395},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3853425979614258},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.2923813760280609},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2580614686012268},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.11926159262657166},{"id":"https://openalex.org/C16969640","wikidata":"https://www.wikidata.org/wiki/Q1070805","display_name":"Capital adequacy ratio","level":3,"score":0.09576287865638733},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08649635314941406},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1057/s41267-017-0140-6","doi":"https://doi.org/10.1057/s41267-017-0140-6","is_oa":false,"landing_page_url":"https://doi.org/10.1057/s41267-017-0140-6","pdf_url":null,"source":{"id":"https://openalex.org/S38024979","display_name":"Journal of International Business Studies","issn_l":"0047-2506","issn":["0047-2506","1478-6990"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310319702","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319702","https://openalex.org/P4310319964"],"host_organization_lineage_names":["Palgrave Macmillan","Macmillan Publishers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Business Studies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:pal:jintbs:v:49:y:2018:i:5:d:10.1057_s41267-017-0140-6","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1057/s41267-017-0140-6","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","score":0.47620001435279846,"id":"https://metadata.un.org/sdg/16"}],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.550000011920929,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":58,"referenced_works":["https://openalex.org/W39169731","https://openalex.org/W1496551994","https://openalex.org/W1969188796","https://openalex.org/W1969519191","https://openalex.org/W1995003201","https://openalex.org/W1998068604","https://openalex.org/W1998297452","https://openalex.org/W2040407204","https://openalex.org/W2041988590","https://openalex.org/W2082778664","https://openalex.org/W2089596717","https://openalex.org/W2095059811","https://openalex.org/W2104496644","https://openalex.org/W2106135080","https://openalex.org/W2114600177","https://openalex.org/W2115983511","https://openalex.org/W2119520917","https://openalex.org/W2122131936","https://openalex.org/W2124758339","https://openalex.org/W2126444878","https://openalex.org/W2129511896","https://openalex.org/W2133369488","https://openalex.org/W2133443074","https://openalex.org/W2135990207","https://openalex.org/W2139163404","https://openalex.org/W2140511050","https://openalex.org/W2143557201","https://openalex.org/W2155369257","https://openalex.org/W2165144879","https://openalex.org/W2889649708","https://openalex.org/W3121136306","https://openalex.org/W3121207265","https://openalex.org/W3121297842","https://openalex.org/W3122075419","https://openalex.org/W3122120088","https://openalex.org/W3122161811","https://openalex.org/W3122175930","https://openalex.org/W3122223557","https://openalex.org/W3122250801","https://openalex.org/W3122336920","https://openalex.org/W3122531453","https://openalex.org/W3123008345","https://openalex.org/W3123010456","https://openalex.org/W3123787783","https://openalex.org/W3124296977","https://openalex.org/W3124314758","https://openalex.org/W3124478565","https://openalex.org/W3124677289","https://openalex.org/W3124747412","https://openalex.org/W3125380794","https://openalex.org/W3125496211","https://openalex.org/W3125590867","https://openalex.org/W3125601827","https://openalex.org/W3125705127","https://openalex.org/W3125831853","https://openalex.org/W3125964413","https://openalex.org/W4253239325","https://openalex.org/W4301380761"],"related_works":["https://openalex.org/W2137107182","https://openalex.org/W2168851098","https://openalex.org/W7213227213","https://openalex.org/W3124478565","https://openalex.org/W1583741796","https://openalex.org/W3122161811","https://openalex.org/W2024020392","https://openalex.org/W2557480544","https://openalex.org/W3021498667","https://openalex.org/W7134230292"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2018-01-05T00:00:00"}