Microsoft Word 2007 ichrie conference Proceedings Final-Final 06-06-07. doc

REFERENCES 
Allayannis, G., and Ofek, E. (2001). Exchange rate exposure, hedging and the use of foreign currency derivatives. 
Journal of International Money and Finance
,
 
20(2): 273-296. 
Andrew, W. (1993). Capital structure in the hospitality industry. Working paper, The Pennsylvania State 
University Center for Hospitality, Tourism and Recreation Research, University Park, PA. 
Anwer, A., Beatty, A., and Takeda, C. (1997). Evidence on interest rate risk management and derivative usage by 
commercial banks. Working paper, University of Rochester, Rochester, NY. 
Bartov, E., and Bodnar, G. (1994). Firm valuation, earnings expectations, and the exchange rate exposure effect
.
 Journal 
of 
Finance
, 44(5): 1755-1785 
Bartram, S. (2002). The interest rate exposure of nonfinancial corporations. 
European Finance Review
6(1): 101-
125. 
Bodnar, G., Hayt, G., Marston, R. and Smithson, C. (1998). 1998 Wharton survey of financial risk management by 
US non-financial firms.
Financial Management
,
 
27(4): 70-91. 
Bodnar, G., and Wong, F. (2003). Estimating exchange rate exposures: Issues in model structure. Financial 
Management, 32(1): 35-67. 
Covitz, D., and Sharpe, S. (2005). Do nonfinancial firms use interest rate derivatives to hedge? Working paper, 
Federal Reserve Board, Washington, D.C. 
Fenn, G., Post, M., and Sharpe, S. (1996). Debt maturity and the use of interest rate derivatives by non-financial 
firms. Working paper, Federal Reserve Board, Washington, D.C. 
Froot, K., Scharfstein, D., and Stein, J. (1993). Risk management: Coordinating corporate investment and financing 
policies. 
Journal of Finance
,
 
48(5): 1629-1658. 
Guay, W. (1998). The impact of derivatives on firm risk: An empirical examination of new derivative users.
Journal of Accounting and Economics
, 26(1-3): 319-351. 
Hentschel, L., and Kothari, S. (2001). Are corporations reducing or taking risks with derivatives
? Journal of 
 
Financial and Quantitative Analysis
, 36(1): 93-118 
Jorion, P. (1990). The exchange rate exposure of U.S. multinationals. 
Journal of Business
, 63(3): 331-345 
Pannell, Kerr Foster Consulting (2003). Hotel loan problems on the rise again–Prolonged hotel market weakness 
taking a toll. Http://www.hospitalitynet.org/news//4015160.html. [Accessed the 5
th
January 2006, 17.00] 
Schrand, C. (1997). The association between stock-price interest rate sensitivity and disclosures about derivative 
instruments. 
The Accounting Review
, 72(1): 87-109. 
Sheel, A. (1994). Determinants of capital structure choice and empirics on leverage behavior. A comparative 
analysis of hotel and manufacturing firms. 
Hospitality Research Journal
,
 
17: 3-16. 
Smith, C. and Stulz, R. (1985). The determinants of firms’ hedging policies. 
Journal of Financial and Quantitative 
 Analysis
,
 
20(4): 391-405 
Triki, T. (2005). Research on corporate hedging theories: A critical review of the evidence to date. Working paper, 
HEC Montreal, Quebac, Canada. 
Upneja, A. and Dalbor, M. (2001). The choice of long-term debt in the US lodging industry. 
HTL Science
. William 
F. Harrah College of Hotel Administration, University of Nevada, Las Vegas. 

---