hedging effectiveness in the EU-ETS carbon market by applying conventional, recently developed estimation models. These hedge …

with over 10% of global output. This paper examines the hedging strategies that Pasminco had in place in the years leading …. We build a valuation model that illustrates in stark terms that the company’s hedging strategies materially reduced …

. ASEAN as a regional interlocutor has responded to the new phenomenon by deploying a hedging strategy that seeks to benefit …

This article examines hedging in South African stock index futures market. The hedge ratios are estimated by six … that the ECM-GARCH model (capturing volatility clustering) provides best hedging ratios, while CCC-ARCH is superior to OLS …

This paper analyses methods to reduce the price risk of Ecuadorian oil exports through hedging in the oil futures … market. I simulate ex ante cross hedges over the 1991–96 period and find that in every case, ex ante hedging would have … been effective in reducing risk. I provide quantitative estimates of the return/risk trade-offs from hedging Ecuadorian oil …

evaluate the impact of hedging strategies adopted by our sample firms on the exchange-rate exposure. Our evidence suggests that … currency derivatives for hedging and not for speculative purposes. These results are found to be robust to alternative ways of …