Yu, Xing; Li, Yanyan; Shen, Xilin; Rao, Yunjie; Liu, Yongjun - In: Borsa Istanbul Review 22 (2022) 6, pp. 1221-1237
-type models and compare the hedging effects of no hedge, model-driven, and state-dependent strategies. Our empirical results show … strategy outperforms the model-driven hedging and no hedge strategies. Thus, our research sheds new light on conventional …