Similar Search Results

A Radical Shift in Managing Risks: Practical Applications of Complexity Theory

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1998

Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance professional's or actuary's heart. Whether applied in the laboratory or as part of a mathematical model, it can do wonderful things . But in the real world it's just what its name...

Persistent link: https://www.econbiz.de/10005789667

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

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

The Effects of Derivatives on Firm Risk and Value

Bartram, Söhnke M.; Brown, Gregory W.; Conrad, Jennifer - Volkswirtschaftliche Fakultät, … - 2006

could account for the mixed evidence in the literature on the effect of hedging on firm value. …

Persistent link: https://www.econbiz.de/10005617030

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

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

Weak convergence of the sequential empirical processes of residuals in ARMA models

Bai, Jushan - Volkswirtschaftliche Fakultät, … - 1991

This paper studies the weak convergence of the sequential empirical process $\hat{K}_n$ of the estimated residuals in ARMA(p,q) models when the errors are independent and identically distributed. It is shown that, under some mild conditions, $\hat{K}_n$ converges weakly to a Kiefer process. The...

Persistent link: https://www.econbiz.de/10009251535

An Alternative Sense of Asymptotic Efficiency

Mueller, Ulrich - Volkswirtschaftliche Fakultät, … - 2008

The paper studies the asymptotic efficiency and robustness of hypothesis tests when models of interest are defined in terms of a weak convergence property. The null and local alternatives induce different limiting distributions for a random element, and a test is considered robust if it controls...

Persistent link: https://www.econbiz.de/10005789437

Parameter estimation from multinomial trees to jump diffusions with k means clustering

Lee, Kiseop; Xu, Mingxin - Volkswirtschaftliche Fakultät, … - 2007

Ever since the pioneering work of Cox, Ross and Rubinstein, tree models have been popular among asset pricing methods. On the other hand, statistical estimation of parameters of tree models has not been studied as much. In this paper, we use K Means Clustering method to estimate the parameters...

Persistent link: https://www.econbiz.de/10005623535

Nominal Exchange Rates and Net Foreign Assets' Dynamics: the Stabilization Role of Valuation Effects

Eugeni, Sara - Volkswirtschaftliche Fakultät, … - 2015

Recent empirical studies have highlighted that valuation effects associated with fluctuations of nominal exchange rates are one of the key components that drive the behaviour of the net foreign assets position of a country. In this paper, we propose a two-country overlapping-generations model of...

Persistent link: https://www.econbiz.de/10011252596

1
2
3
4
5
6
7
8
9
10
Next
Last