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. …

This article proposes a multi-currency cross-hedging strategy that minimizes the exchange risk. The use of derivatives … international activities. In particular, the reduction in the exchange risk borne through the use of natural multi-currency cross-hedging …

Contemporary corporate risk management with its diverse facets and categories commonly involves the usage of derivative … risk categories in terms of derivative usage are foreign exchange (FX) and interest rate (IR) risk. Empirical evidence in … these areas is rare and often relies on alternative indicators of derivative usage due to a limited availability of adequate …

guide on FX hedging for small and medium enterprises. It should help a treasurer to setup and/or improve their FX hedging …

This paper investigates corporate hedging under regret aversion. Regret-averse firms try to avoid deviations of their … hedging policy from the ex post best policy, an intuitive consideration if one has to justify one's decisions afterward. The … aversion reduces the hedging of price risk to avoid large regret in the case of increasing prices. The results show that regret …