Narrow search
Showing 1 - 10 of 298
Cover Image
Risk Management Theory: A comprehensive empirical assessment
Klimczak, Karol Marek - Volkswirtschaftliche Fakultät, … - 2007
The aim of this paper is to develop a methodology for thorough empirical testing of major contemporary corporate risk management theories: financial theory, agency theory, stakeholder theory and new institutional economics. Unlike in previous research, the tests are organised around theories,...
Persistent link: https://www.econbiz.de/10005836311
Cover Image
Corporate Cash Flow and Stock Price Exposures to Foreign Exchange Rate Risk
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2007
This paper estimates the foreign exchange rate exposure of 6,917 U.S. nonfinancial firms on the basis of stock prices and corporate cash flows. The results show that several firms are significantly exposed to at least one of the foreign exchange rates Canadian Dollar, Japanese Yen and Euro, and...
Persistent link: https://www.econbiz.de/10005836323
Cover Image
Rationales for corporate risk management from stakeholders’ perspective
Klimczak, Karol Marek - Volkswirtschaftliche Fakultät, … - 2005
stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be … the only significant factor for a hedging decision. The implications of these findings and new research questions are …
Persistent link: https://www.econbiz.de/10005837109
Cover Image
CVA, Wrong Way Risk, Hedging and Bermudan Swaption
Boukhobza, Ali; Maetz, Jerome - Volkswirtschaftliche Fakultät, … - 2012
part of many derivative trading desks’ day-to-day activities and the need of accurate pricing, efficient hedging strategies … and most have a dedicated trading desk dynamically hedging their CVA. However, if pricing techniques have become standard … affect the price and the related hedging strategy and is the main focus of this article. …
Persistent link: https://www.econbiz.de/10011258253
Cover Image
Rationales for Corporate Risk Management - A Critical Literature Review
Monda, Barbara; Giorgino, Marco; Modolin, Ileana - Volkswirtschaftliche Fakultät, … - 2013
This paper describes theoretical motivations for corporate risk management activities and empirical evidence provided by different scholars on such rationales. These theoretical considerations can be extended also to the new risk management practices such as enterprise risk management. Based on...
Persistent link: https://www.econbiz.de/10011258277
Cover Image
Hedging dynamics with gold futures
Singh, Saurabh; Saharawat, Swati - Volkswirtschaftliche Fakultät, … - 2011
People by and large tend to postpone their present consumption for numerous reasons. This postponement of consumption leaves them with surplus money to invest for future consumption. Amongst the number of alternatives avenues present for such investments, gold too tends to be one of them. People...
Persistent link: https://www.econbiz.de/10011258372
Cover Image
Treasury/Federal Reserve Study of Treasury Futures Markets Volume II: A Study by the Staffs of the U.S. Treasury and Federal Reserve System
Vignola, Anthony; Dale, Charles - Volkswirtschaftliche Fakultät, …; … - 1979
The September 30, 1978 legislation (P.L. 95-405), which renewed the authority of the CFTC to regulate futures markets, directs the Commission to solicit the advice of the Treasury and the Federal Reserve before authorizing any additional futures contracts that specify delivery of U.S. Government...
Persistent link: https://www.econbiz.de/10011196423
Cover Image
Hedging Greeks for a portfolio of options using linear and quadratic programming
Sinha, Pankaj; Johar, Archit - Volkswirtschaftliche Fakultät, … - 2010
The aim of this paper is to develop a hedging methodology for making a portfolio of options delta, vega and gamma … hedging. A quadratic programming solution for the problem is formulated, and then it is approximated to a linear programming …
Persistent link: https://www.econbiz.de/10008619201
Cover Image
Hedging currency risk: Does it have to be so complicated?
Haefliger, Thomas; Waelchli, Urs; Wydler, Daniel - Volkswirtschaftliche Fakultät, … - 2002
depend much on the time period chosen. Empirical evidence confirms the hypothesis that currency hedging should be fully …
Persistent link: https://www.econbiz.de/10008693568
Cover Image
Why Do Firms Use Insurance to Fund Worker Health Benefits? The Role of Corporate Finance
Dalton, Christina Marsh; Holland, Sara B. - Volkswirtschaftliche Fakultät, … - 2015
this application an important contribution to understanding firms’ hedging decisions. Additionally, we reveal new and … important determinants of the hedging decision relative to regulatory regimes. We also show that hedging health risk mitigates …
Persistent link: https://www.econbiz.de/10011167237