We examine the impact of dynamic hedging demand of German option and discount certificate markets on the … market, a structured financial product with a concave payoff profile, asking whether dynamic hedging by certificate issuers … induces negative return autocorrelation in stock markets. We find empirical evidence that the hedging demand of option issuers …

sensitivity and damage rate hedging effects to deal with future economic and climatic and damage risks. …

This paper explores the use of neural networks to reduce the computational cost of pricing and hedging variable annuity … the tasks of pricing as well as hedging four different varieties of variable annuity guarantees. We demonstrated a …

This study examines the managerial power-hypothesis of selective hedging, which holds that selective hedging is … observed more frequently in companies where managers have greater latitude to execute hedging proposals without serious … from the oil and gas industry. The results support the view that managerial power increases selective hedging. The main …

Persistently high negative covariances between risky assets and hedging instruments are intended to mitigate against … risk and subsequent financial losses. In the event of having more than one hedging instrument, multivariate covariances …

assets and the hedging instruments are intended to mitigate against financial risk and subsequent losses. If there is more … than one hedging instrument, multivariate covariances and correlations have to be calculated. As optimal hedge ratios are …

, while also focusing on issuers' hedging costs. We evaluate more than 396,000 single stock discount certificates on an …-related, i.e. dividends of the underlying, issuers' credit risk, lifecycle effect and competition, whereas hedging costs and … risks are economically less important. However, initial hedging costs are also priced into the premium in the case of large …