Narrow search
Showing 1 - 10 of 118
Cover Image
Designing natural gas utility hedge programs with call options
Cita, John; Kwak, Soojong; Lien, Donald - In: Managerial Finance 33 (2007), pp. 253-269
Purpose - To evaluate various hedge programs designed to minimize the risk of an extreme monthly gas bill subject to a pre-determined hedge program budget. Design/methodology/approach -Historical data were collected on natural gas spot and futures prices. Also, theoretical options prices were...
Persistent link: https://www.econbiz.de/10010814808
Cover Image
Using weather derivatives to hedge precipitation exposure
Leggio, Karyl B. - In: Managerial Finance 33 (2007), pp. 246-252
Purpose - The purpose of this study is to demonstrate the use of weather derivatives to hedge firm exposure to previously unmanageable risk events caused by natural phenomenon such as excessive rainfall. Design/methodology/approach - The paper adopts a case study approach to meet the objectives...
Persistent link: https://www.econbiz.de/10010814867
Cover Image
Weather risk swap valuation
Kariya, Takeaki - In: Managerial Finance 37 (2011) October, pp. 995-1010
Purpose – In June of 2001, Tokyo Electric Power Company (TEPCO) and Tokyo Gas Supply Company (TGSC) made a zero-cost risk swap contract on the average temperature of August and September of 2001 in Tokyo for their adverse situations. This is an exchange of two options on the average...
Persistent link: https://www.econbiz.de/10010814868
Cover Image
The exchange rate exposure puzzle
Bartram, Söhnke M.; Bodnar, Gordon M. - In: Managerial Finance 33 (2007), pp. 642-666
firms. A simple model of exposure elasticity is also used to demonstrate the substantial impact of operational hedging on … research has suggested, but is simply the result of the endogeneity of operative and financial hedging at the firm level. Given … that empirical tests estimate exchange exposures net of corporate hedging, both firms with low gross exposures that do not …
Persistent link: https://www.econbiz.de/10010757366
Cover Image
Derivative usage by non-financial firms in Sweden 1996 and 2003: what has changed?
Alkebäck, Per; Hagelin, Niclas; Pramborg, Bengt - In: Managerial Finance 32 (2006), pp. 101-114
for hedging the balance sheet among Swedish firms in 2003 is higher than for other countries but lower than for Swedish …
Persistent link: https://www.econbiz.de/10010741361
Cover Image
The use of options in corporate risk management
Bartram, Söhnke M. - In: Managerial Finance 32 (2006), pp. 160-181
Purpose – This paper investigates the motivations and practice of nonfinancial firms with regard to using options in their risk management activities. Design/methodology/approach - The paper provides a comprehensive account of the existing empirical evidence and analyzes data on the use of...
Persistent link: https://www.econbiz.de/10010741367
Cover Image
Risk management with duration analysis
Fooladi, Iraj J.; Roberts, Gordon S. - In: Managerial Finance 26 (2000) 3, pp. 18-28
sheet hedging (macrohedging) by financial institutions and the New Zealand government. Considers some complications of …
Persistent link: https://www.econbiz.de/10014939492
Cover Image
Derivative usage by non‐financial firms in Sweden 1996 and 2003: what has changed?
Alkebäck, Per; Hagelin, Niclas; Pramborg, Bengt - In: Managerial Finance 32 (2006) 2, pp. 101-114
for hedging the balance sheet among Swedish firms in 2003 is higher than for other countries but lower than for Swedish …
Persistent link: https://www.econbiz.de/10014939847
Cover Image
The use of options in corporate risk management
Bartram, Söhnke M. - In: Managerial Finance 32 (2006) 2, pp. 160-181
Purpose – This paper investigates the motivations and practice of nonfinancial firms with regard to using options in their risk management activities. Design/methodology/approach – The paper provides a comprehensive account of the existing empirical evidence and analyzes data on the use of...
Persistent link: https://www.econbiz.de/10014939850
Cover Image
Using weather derivatives to hedge precipitation exposure
Leggio, Karyl B. - In: Managerial Finance 33 (2007) 4, pp. 246-252
Purpose – The purpose of this study is to demonstrate the use of weather derivatives to hedge firm exposure to previously unmanageable risk events caused by natural phenomenon such as excessive rainfall. Design/methodology/approach – The paper adopts a case study approach to meet the...
Persistent link: https://www.econbiz.de/10014939920