Do Intermediate Inputs Hedge Operating Risk?

Recent theories propose that intermediate inputs can induce an operating hedging that decrease expected return. Empirically, using the input-output tables of the BEA I find that industries whose fraction of total intermediate inputs purchased to total value added is higher, and lower expected returns, consistent with the operating hedging narrative

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Year of publication:	2022
Authors:	Xu, Yifan
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Hedging \| Vorleistungen \| Intermediate goods \| Operationelles Risiko \| Operational risk \| Währungsmanagement \| Foreign exchange management \| Risikomanagement \| Risk management \| Bankrisiko \| Bank risk

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Extent:	1 Online-Ressource (3 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 15, 2022 erstellt
Other identifiers:	10.2139/ssrn.4206131 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014239196