Showing 1 - 10 of 142
Purpose – The purpose of this paper is to explain the theory of speculation to corporate executives. It is important … that corporate hedgers understand how bubbles develop to effectively adjust their corporate hedging strategies. Since … excess speculation is always the primary cause of all bubbles, it is mandatory that corporate executives understand the …
Persistent link: https://www.econbiz.de/10014882885
Purpose – The purpose of this paper is to investigate the extent to which multilateral banks (MBs) use currency derivatives (CDs) to hedge and speculate in managing currency risk. It aims to provide an empirical assessment of CDs products used by MBs as a group not studied before....
Persistent link: https://www.econbiz.de/10014952838
empirical data. Our results suggest that the speculation hypothesis has more explanatory power than the productivity hypothesis …
Persistent link: https://www.econbiz.de/10014588447
Summary Over the last few years, rising prices and increasing price volatility of major agricultural food commodities were observed. This caused a debate among various organizations about who is responsible for this development. While many Non-Governmental Organizations proclaim that...
Persistent link: https://www.econbiz.de/10014609549
does not exist, deferment in the both counter values, gharar or ambiguity and excessive risk taking, pure speculation and …
Persistent link: https://www.econbiz.de/10014782141
(speculative risk-trading or risk-hedging) of the two markets in recent years. Design/methodology/approach – The authors use … the sovereign CDS market more strongly for speculative purposes than for risk-hedging. This shows both in the shift of …. Particularly the sovereign CDS market appears to have shifted from a risk-hedging instrument to being used more strongly for …
Persistent link: https://www.econbiz.de/10014901981
Purpose – The purpose of this paper is to investigate a unique sample of lottery-like stocks and contextualize their short-run price behavior with respect to behavioral principles. Design/methodology/approach – The authors conduct a short-run event-study of the abnormal returns for stock...
Persistent link: https://www.econbiz.de/10014990212
-financing strategies. Furthermore, we analyze the relationship between them. Finally, we establish a hedging theorem concerning these …
Persistent link: https://www.econbiz.de/10014621337
Purpose – The purpose of this paper is two fold: educate investors about hedge fund managers' activities prior to the fraud recognition by the authorities and to help investors and other stakeholders in the hedge fund industry identify red flags before fraud is actually committed....
Persistent link: https://www.econbiz.de/10014865402
Country‐specific information on risk management is increasingly important, not only for investors and decision makers in international markets but also, for those in national and regional markets. This study reports the results of a cross‐sectional survey of risk management practice and...
Persistent link: https://www.econbiz.de/10014838249