Showing 1 - 10 of 1,197
Persistent link: https://www.econbiz.de/10004706392
paper uses a natural experiment to identify a particular global arbitrage opportunity and shows that arbitrage risk hedging …
Persistent link: https://www.econbiz.de/10010906598
Economists and financial analysts have begun to recognise the importance of the actions of other agents in the decision-making process. Herding is the deliberate mimicking of the decisions of other agents. Examples of mimicry range from the choice of restaurant, fash-ion and financial market...
Persistent link: https://www.econbiz.de/10010907422
The study analyzes the reasons for defining bona fide hedging for regulatory purposes, deficiencies of the current … legal definitions, means for sidestepping the need to define hedging, how these means might work in practice, some problems …
Persistent link: https://www.econbiz.de/10010923010
Persistent link: https://www.econbiz.de/10011250461
market (JA market), agents have joint activities: they trade for both speculative and hedging purposes. It is shown that (i …
Persistent link: https://www.econbiz.de/10005155320
-94 on American petroleum markets. According to a specific definition of hedging, and on the basis of a detailed survey of …
Persistent link: https://www.econbiz.de/10005263542
We examine how information asymmetry affects a firm's incentive to hedge versus speculate by using foreign currency derivatives. We find a quadratic relation between asymmetric information and a firm's risk management activities. In particular, we find that the firms facing medium level of...
Persistent link: https://www.econbiz.de/10010540996
Economists and financial analysts have begun to recognise the importance of the actions of other agents in the decision-making process. Herding is the deliberate mimicking of the decisions of other agents. Examples of mimicry range from the choice of restaurant, fashion and financial market...
Persistent link: https://www.econbiz.de/10010731573
speculative/trading purpose indicates a risk taking motive, whereas the use of CDS for hedging purposes suggests that the …
Persistent link: https://www.econbiz.de/10010669131