, firms in the two countries differ notably on issues such as the primary goal of hedging, their choice of instruments, and …

In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial …-variance portfolio analysis for determining the most efficient hedging strategy. We find that the strate-gy adopted can have a marked …, portfolio optimization shows that a mix of various hedging strategies can further improve the profita-bility of a heat …

We analyze firms’ entry, production and hedging decisions under imperfect competition. We consider an oligopoly …

We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly …

sector indices: dy-namic models and risk hedging, the probability of default in collateralized credit oper-ations, risk …

hedging strategies that lead to hefty losses in the aftermath of the financial crisis. The sample is comprised of 346 … indicate that the lack of a formal hedging policy, no monitoring to the CFOs, and considerations of hubris and remuneration … contribute to the mismanagement of hedging policies. …

exposure, hedging policy, and firm value. First, we find that airline exposures to fuel prices are higher when fuel prices are … exposure to fuel prices, airlines tend to increase their hedging activity. Finally, we explore the previously documented jet … fuel hedging premium illustrated in Carter, Rogers, and Simkins (2006). We find a positive hedging premium in our analysis …

. 1912-1928.<P> This paper formalizes the idea that more hedging instruments may destabilize markets when traders are …

/Estrin 2004) together with the fact that almost all (92 %) of the world’s top 500 companies enter derivatives markets for hedging …