求高手帮忙翻译一篇会计专业英语论文摘要,千万不要在线翻译的,谢谢了.

求高手帮忙翻译一篇会计专业英语论文摘要,千万不要在线翻译的,谢谢了.
There are two tax incentives for corporations to hedge: to increase debt capacity
and interest tax deductions, and to reduce expected tax liability if the tax function
is convex. We test whether these incentives affect the extent of corporate hedging
with derivatives. Using an explicit measure of tax function convexity, we find no
evidence that firms hedge in response to tax convexity. Our analysis does, however,
indicate that firms hedge to increase debt capacity, with increased tax benefits
averaging 1.1 percent of firm value. Our results also indicate that firms hedge
because of expected financial distress costs and firm size.