Should a firm favor insiders (handicap outsiders) when selecting a CEO? One reason to do so is to take advantage of the contest to become CEO as a device for providing current incentives to employees. An important reason not to do so is that this can reduce the ability of future CEOs and, hence,...

The paper analyses the risk minimizing dual hedge in price and yield futures in the presence of price and yield risks. The results show that a risk minimizing farmer can reduce its variance of revenue by hedging in both markets rather than just using the price futures. The empirical results for...