The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … significant, robust, and pervasive, and is coupled with a concerning exposure to the US dollar currency risk. As another … exposures and a reconsideration of hedging policies. …

Purpose – This study develops a non-traditional measure of risk, an Exposure-Based Volatility, for the non … applied in order to provide a reliable Exposure-Based Volatility measure. The empirical analysis is applied on a particular … Bulgarian transport company.Findings – The current analysis concludes that the proposed measure of exposure-based volatility …

-hedgers based on using derivatives for hedging purposes. Using detailed quarterly data on financial derivatives for bank holdings … to improve accounting for hedging activities and enhance derivative usage transparency. In this paper, I examine whether … banks change the accounting designation of derivatives after ASU 2017-12. Moreover, I investigate the new standard's impact …

of numerical methods for pricing, hedging, and risk management of financial instruments. …

operating flexibility and hedging are substitutes for liquidity management …

spot prices and US equity prices following the 2007 Global Financial Crisis. It also aims at estimating hedging …,870 daily observations of US financial market during 2007-2017. Findings-The results suggest that the hedging effectiveness of … exposure is mitigated considering the relatively high proportion of funds that need to be invested in gold against stocks …

This paper examines the effectiveness of using futures contracts as hedging instruments of: (1) alternative models of …, Euro, British pound and Japanese yen, against the American dollar, are used to analyze hedge ratios and hedging … optimal portfolio weights and optimal hedge ratios to identify appropriate currency hedging strategies. The hedging …

different exposure structures, we show how credit-market correlation affects the CVA level, its sensitivities to credit and … market factors, its volatility and the quality of hedging. The wrong way risk is most significant for exposures highly … CVA hedging strategy. While the benefits from hedging are always magnified in the situation of the wrong way risk, the …

derivatives more often when they export or import, and especially when exchange-rate fluctuations are larger, but to a lesser … extent when having high export and import shares simultaneously. We interpret this finding as evidence of operational hedging … that arises when foreign-denominated revenues and costs match, crowding out financial hedging. Our identification strategy …