for a specific interest rate portfolio. The recent financial crisis showed that risk management of derivatives portfolios …-line controlling and monitoring of derivatives portfolio. The portfolios should be designed in a way that risk and return be quantified …

of numerical methods for pricing, hedging, and risk management of financial instruments. …

Persistently high negative covariances between risky assets and hedging instruments are intended to mitigate against … risk and subsequent financial losses. In the event of having more than one hedging instrument, multivariate covariances …

assets and the hedging instruments are intended to mitigate against financial risk and subsequent losses. If there is more … than one hedging instrument, multivariate covariances and correlations have to be calculated. As optimal hedge ratios are …

This paper considers the multiperiod hedging decision in a framework of mean-reverting spot prices and unbiased futures … markets. The task is to determine the optimal hedging path, i.e., the sequence of positions in futures contracts with the … objective of minimizing the variance of an uncertain future cash flow. The model is used to illustrate both hedging using a …

This study examines the managerial power-hypothesis of selective hedging, which holds that selective hedging is … observed more frequently in companies where managers have greater latitude to execute hedging proposals without serious … from the oil and gas industry. The results support the view that managerial power increases selective hedging. The main …

To date, research which integrates corporate governance and risk management has been limited. Yet, risk exposure and …