. Optimal consumption and risk management strategies are derived. It is shown that dynamic hedging increases an investor … can enter risk-sharing markets, such as futures markets, to manage these risks. We develop a dynamic risk management model …Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price …

access to a number of risk sharingmarkets that have an efficient risk management role. Two of the most strikingresults … achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example …

ways to manage risk of which one of the most important forms is interest rate risk. In this paper we use the mean …-variance (mean-standard deviation) approach to examine a banking firm investing in risky assets and hedging opportunities. The mean …-standard deviation framework can be used because our hedging model satisfies a scale and location condition. The focus of this study is …

the put type can be used by a bank's risk-averse management to hedge against credit risk. We find that under optimal … hedging the Value at Risk is zero and the bank chooses to over-hedge. …. Das Management des Kreditrisikos erfährt in jüngerer Zeit besondere Aufmerksamkeit. Gestiegenen Kreditausfallrisiken …

speculative hedging is. Analysing tax-sensitivity of the corporate hedge shows that a higher risk in the first place may reduce …Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and … differential income taxation. We start with the well-known result that risk-taking may increase when income tax rates increase and …

uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …

: First we assume that hedging and output decisions are taken simultaneously. We show that hedging is just done for risk … output decisions. We show that hedging is used not only to manage the risk exposure but also as a strategic device …This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A …

exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal …