Knill, April; Minnick, Kristina; Nejadmalayeri, Ali - In: The Journal of Business 79 (2006) 3, pp. 1475-1502
Evidence from hedging practices suggests that firms will hedge only if they expect that unfavorable events will arise. In markets with a significant degree of information asymmetry in which hedgers are oligopolists with superior knowledge concerning supply and demand, such as oil and gas...