that cash-flow hedging and capital investment by firms affects their future stock return distribution. Hedging by firms … investment counteracts these effects. Using hand-collected hedging data from energy-related firms, we find empirical results … consistent with the theoretical predictions. The pull-to-normality effect of hedging is stronger among firms with small size …

's cash-flows. This paper presents a case study approach demonstrating the hedging strategy employed by an international air … nonlinear hedging instruments by providing an in-depth analysis of the firm's hedging policy and its derivative usage. Using the …-tune its current hedging portfolio by adding tailored exotic options. Specifically, we develop an annual average-price option …

signaling and hedging behavior of an intermediary who sells multiple assets in financial markets. Based on information asymmetry …

management the ETFs with negative leverage factors can also be applied for the hedge or cross hedge of a portfolio. These hedging … case that a bearish market is supposed, minimizing the variance of the hedge seems not to obtain better hedging results … return high leverage factors should not be used for hedging, due to the higher volatility and target-shortfall probability. …