diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed … hedging instruments.In a second step, we go beyond existing research and distinguish between two separate dimensions of family … costs and thus leads to lower levels of business segment diversification and less currency hedging. In contrast family …

In this paper the performance of locally risk-minimizing hedge strategies for European options in stochastic volatility … large class of diffusion-type stochastic volatility models, and they are as easy to implement as usual delta hedges. Our …

We present a simple and operational yet rigorous framework that combines current methods of bank solvency stress tests … differences in bank losses caused by fire sales are significant and go beyond the trivial fact that with deleveraging we will get …

financing and hedging policies, shareholders generally have no incentives to engage in asset substitution once debt has been …