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Une mesure empirique des diterminants qui affectent la gestion des risques des entreprises non financieres

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Author Info
Dionne, G.
Garand, M.

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Abstract

Le but de cet article est d'isoler les diterminants qui expliquent significativement les decisions de gestion des risques des entreprises non financieres. Nous appliquons le modele a des entreprises minieres en Amirique du nord. La variable aleatoire considiree est le prix de vente d'une once d'or. Nous montrons que plusieurs facteurs relies a l'objectif de maximisation de la valeur de la firme affectent la decision de couverture du prix de l'or.

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Publisher Info
Paper provided by Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques. in its series Ecole des Hautes Etudes Commerciales de Montreal- with number 00-09.

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Length: 17 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:etcori:00-09

Contact details of provider:
Postal: Canada; ECOLE DES HAUTES ETUDES COMMERCIALES(H.E.C.),3000, chemin de la Cote-Sainte-Catherine. Montreal (Quebec) Canada H3T 2A7.
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Web page: http://www.hec.ca/
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Related research
Keywords: RISQUE ; PRIX ; MINES;

Find related papers by JEL classification:
G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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This page was last updated on 2009-12-16.


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