T
Tim Adam
Researcher at Humboldt University of Berlin
Publications - 41
Citations - 1788
Tim Adam is an academic researcher from Humboldt University of Berlin. The author has contributed to research in topics: Hedge (finance) & Cash flow. The author has an hindex of 17, co-authored 41 publications receiving 1620 citations. Previous affiliations of Tim Adam include Massachusetts Institute of Technology & Hong Kong University of Science and Technology.
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The Investment opportunity set and its proxy variables : theory and evidence
TL;DR: This paper used a real options approach to evaluate the performance of proxy variables for a firm's investment opportunity set and found that the market-to-book assets ratio is the best variable to proxy for investment opportunities.
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The investment opportunity set and its proxy variables
Tim Adam,Vidhan K. Goyal +1 more
TL;DR: The authors used a real options approach to evaluate the performance of several proxy variables for a firm's investment opportunity set and found that the market-to-book assets ratio has the highest information content with respect to investment opportunities.
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Hedging, speculation, and shareholder value
Tim Adam,Chitru S. Fernando +1 more
TL;DR: This paper found that gold mining firms have consistently realized economically significant cash flow gains from their derivatives transactions and concluded that these cash flows have increased shareholder value since there is no evidence of an offsetting adjustment in firms' systematic risk.
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Financial Constraints, Competition and Hedging in Industry Equilibrium
TL;DR: In this paper, the authors analyze the hedging decisions of firms, within an equilibrium setting that allows them to examine how a firm's hedging choice depends on the hedge choices of its competitors.
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Managerial Overconfidence and Corporate Risk Management
TL;DR: In this paper, the authors examine whether managerial overconfidence can explain the observed discrepancies between the theory and practice of corporate risk management and find that managers increase their speculative activities using derivatives following speculative cash flow gains, while they do not reduce their speculative activity following speculative losses.