Purpose: The purpose of this paper is to study the effect of different parts (predictable and impact) of different types of speculative behavior (intraday speculation, medium-term speculation and long-term speculation) on future fluctuations in the underlying index. Design/methodology/approach:...

Purpose: The purpose of this paper is to deeply study and compare the dual and single hedging strategy, from the direct and cross hedging perspective. Design/methodology/approach: The authors not only first consider the dual hedge of integrated risks in this oil prices and foreign exchange...

Purpose This paper aims to investigate whether the establishment of commodity futures can effectively hedge systemic risk in the spot network, given the context of financialization in the commodity futures market. Design/methodology/approach Utilizing industry association data from the Chinese...