Hayong Yun, Michigan State University (IMAGE) Michigan State University Caption The strategy of hedging against risk in corporate America has gotten a bad rap; a study co-authored by Michigan State University finance scholar Hayong Yun is the first to find that hedging can increase firm value. Credit Michigan State University Usage Restrictions None License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.