The following hypotheses are proposed to focus the research:
Ho: There is no relation between investors' level of knowledge of derivatives hedging and their perceptions of asset managers' strategies.
H1: Investors with high levels of knowledge of derivatives hedging perceive their asset managers' strategies more positively than do investors with lower levels of knowledge about derivatives hedging.
Ho: There is no relation between variation in managerial disclosure parameters and the reactions of investors to earnings surprises.
H1 Increases in the frequency or duration of managerial disclosure parameters are associated with greater levels of acceptance and positive perception of earnings surprises by investors.
In order to gather information about how research participants perceive derivatives hedging, the sample population will be asked to respond to a survey. Both active and non-active users of derivatives will respond to a semi-structured questionnaire. The questionnaire items will be designed to measure the...
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