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. …

optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …

verification of all theories considered. However, I find evidence for some theoretical determinants: currency exposure, market …

exposure, hedging and dividend policy and size are the main determinants of foreign currency debt. Moreover, the use of foreign … currency denominated debt does not increase foreign exposure but is a substitute for foreign currency derivatives. … foreign currency debt increases or, on the contrary, limits foreign currency exposure. The results show that foreign currency …

paper explains the mechanism of such a derivatives use to the hedging of weather risks. The research methodology is the past … for derivatives is the value changes in response to changes in a underlying, little or no initial investment is required …, and settlement takes place at a future date. Weather derivatives can be used by organizations or individuals as part of a …

currency exposure and overcome costly external financing. On the other hand, weakly governed firms appear to use derivatives …This paper examines the impact of the strength of governance on firms' use of currency derivatives. Using a sample of … firms from 30 countries over the period 1990 to 1999, we find that strongly governed firms tend to use derivatives to hedge …

Domestic-currency invoicing and hedging allow internationally active firms to reduce their exposure to exchange rate … variations. This paper argues that domestic-currency invoicing and hedging with exchange rate derivatives allow a fairly … exchange rate on competitiveness) is by its very nature harder to manage, but the paper argues that natural hedging provides …

-increasing/-constant strategies. Using unique data on firm-, year-, and currency-specific FX exposure before and after hedging with corresponding … hedging instruments, we are able to measure how much a CEO has been involved in risk-increasing/-constant strategies over …-increasing/-constant strategies. In addition, we find that a CEO's affiliation to the owner's family seems to reduce the amount of derivatives a firms …

. Therefore, the aim of this article is to systematise the potential risks of derivatives in the context of the past global … revealed the challenges and risks of derivatives and showed the tremendous impact that their imprudent use may have on the … certain risks. Infrastructures of the derivatives market, liquidity and an adequate supervisory framework are necessary to …