Salisu, Afees A.; Obiora, Kingsley - In: Financial innovation : FIN 7 (2021), pp. 1-19
This study examines the hedging effectiveness of financial innovations against crude oil investment risks, both before … computation of optimal weights and optimal hedging ratios. Results show evidence of hedging effectiveness for the financial … innovations against oil market risks, with higher hedging performance observed during the pandemic. Overall, we show that sectoral …