The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a … investigate the long-term equilibrium relationship between airline companies' stock prices, oil price risk, financial market … contribution, the paper analyses the prospects and challenges of the airline industry in dealing with oil price risk in the post …

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 … investors, policy makers and portfolio managers. The key findings of this study are critical in formulating optimal hedging …

Insurers issuing segregated fund policies apply dynamic hedging to mitigate risks related to guarantees embedded in … the imperfect correlation between the underlying fund and its corresponding hedging instruments. The current note …

We investigate the performance of the Deep Hedging framework under training paths beyond the (finite dimensional …) Markovian setup. In particular we analyse the hedging performance of the original architecture under rough volatility models … architectures capable of capturing the non-Markoviantity of time-series. Secondly, we analyse the hedging behaviour in these models …

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 …

diversification and hedging effectiveness. Although our results are indicative of crude oil hedging strategies, they also testify the …