Search Results - "Huffman, Stephen P."

The incremental information content of innovations in implied idiosyncratic volatility by Moll, Cliff R., Huffman, Stephen P.

“…Motivated by mixed evidence related to the pricing of measures of risk, we investigate the information content of innovations in implied idiosyncratic…”
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An examination of the relation between asymmetric risk measures, prior returns and expected daily stock returns by Huffman, Stephen P., Moll, Cliff R.

“…We use a sample of individual firm stock returns over the 1988–2009 time period to determine whether: (1) expected daily returns are related to asymmetric risk…”
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A three-factor model investigation of foreign exchange-rate exposure by Huffman, Stephen P., Makar, Stephen D., Beyer, Scott B.

“…We investigate the likelihood of extreme foreign exchange-rate exposure (FXE), conditioning upon key firm factors and an expanded view of hedging. Our…”
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UK Multinationals' Effective Use of Financial Currency-Hedge Techniques: Estimating and Explaining Foreign Exchange Exposure Using Bilateral Exchange Rates by Makar, Stephen D., Huffman, Stephen P.

“…Using a unique dataset of recently available accounting disclosures, this study examines the relationship between UK multinationals' stock returns and changes…”
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Integrating the top-down approach in a simulated trading program by Huffman, Stephen P, Beyer, Scott B, Schellenger, Michael H

“…Purpose - The purpose of this paper is to illustrate the effectiveness of integrating a portfolio simulation-based trading program with the top-down approach…”
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Value-at-Risk: An Analysis of January and Non-January Returns by Huffman, Stephen P., Moll, Cliff

“…In this study, we examine the relationship between a cross-section of realized equity returns and a value-at-risk (VaR) measure. Although we find that the…”
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The effectiveness of currency-hedging techniques over multiple return horizons for foreign-denominated debt issuers by Huffman, Stephen P, Makar, Stephen D

“…In this study we use a unique dataset to examine the effectiveness of hedging techniques in reducing currency risk across different time horizons. Our primary…”
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Foreign exchange derivatives, exchange rate changes, and the value of the firm: U.S. multinationals’ use of short-term financial instruments to manage currency risk by Makar, Stephen D., Huffman, Stephen P.

“…This paper examines the firm value effects of exchange rate changes in relation to the use of short-term foreign exchange derivatives (FXD) for U.S…”
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The management of foreign currency risk: derivatives use and the natural hedge of geographic diversification by Makar, Stephen D., DeBruin, Jay, Huffman, Stephen P.

“…This study investigates how large US multinational companies use foreign exchange derivatives (FXDs) to manage currency risk. The study tests whether a…”
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Foreign-denominated debt and foreign currency derivatives: complements or substitutes in hedging foreign currency risk? by Elliott, William B., Huffman, Stephen P., Makar, Stephen D.

“…Using a unique dataset, this study examines the relationship between foreign-denominated debt (FDD), foreign currency exposure and foreign currency derivative…”
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The prediction of default for high yield bond issues by Huffman, Stephen P., Ward, David J.

“…Bondholders and financial analysts have long sought models which will predict financial distress in corporations. Prior research has produced a number of…”
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Stock price effect of high-yield debt issues by Huffman, Stephen P., Ward, David J.

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The FX exposure puzzle: insights from SEC disclosures by Makar, Stephen, Huffman, Stephen

“…Purpose - Using firm-specific SEC currency risk disclosures, this paper aims to provide insight into the puzzling absence of significant returns-based foreign…”
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The Impact of the Degrees of Operating and Financial Leverage on the Systematic Risk of Common Stocks: Another Look by Huffman, Stephen P.

“…This study replicates and updates a study by Mandeiker and Rhee on the impact that the degree of operating and financial leverage have on the systematic risk…”
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Seasonality in the Returns of Defaulted Bonds: The January and October Effects by Ward, David J., Huffman, Stephen P.

“…This paper addresses the issue of seasonality in the returns of defaulted corporate bonds. We find evidence of seasonality in monthly returns for January and…”
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The Impact Of The Degrees Of Operating And Financial Levera by Huffman, Stephen P

“…An attempt is made to replicate and update a study by Mandelker and Rhee (1984) on the effect of operating and financial leverage on the systematic risk of…”
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