This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging …

für derivative Finanzinstrumente, ihre Bewertung und ihren Ausweis im Jahresabschluss schaffen wollten, zeigt der hier … Mittel zur Risikoabsicherung, das so genannte "Hedging". Fallbeispiele und zahlreiche Abbildungen veranschaulichen die z. T … Risikomanagement. …

corporate hedging: equity value maximising strategies and strategies determined by managerial risk aversion. The first category … distress and costs of external finance or to replace home-made hedging by shareholders. The second category considers that … managers maximise their personal utility rather than the market value of equity. Their hedging strategy, therefore, is …

additional delivery risk on hedgers. This paper derives the optimal production and futures hedging strategy for a risk …

currency hedging strategies, for a series of 7 models,using Bayesian inference and decision analysis. The models differ in the … comparethe hedging decisions and financial returns and utilities as they result from the modellingassumptions and the attitudes …

. We find that, depending on whether futures contracts are used for risk reduction (i.e., hedging) or risk taking (i …

Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and …, therefore, the incentive for hedging reduces. We demonstrate that pure hedging is differently affected by taxation than … speculative hedging is. Analysing tax-sensitivity of the corporate hedge shows that a higher risk in the first place may reduce …

Since the mid-nineties, agricultural economists discuss the suitability of "weather derivatives" as hedging instruments …, weather derivative markets for the agricultural sector are still in their infancy all-over the world. Some economists …. Others think that the low hedging effectiveness of (standardized and non-customized) weather contracts cripple the market …