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Die Arbeit hat das Ziel, die ursprünglich rein kapitalmarkttheoretisch ausgelegte Optionspreistheorie für das … den Leitlinien der Optionspreistheorie folgen.Mit einer auf die 16 führenden Pharmaunternehmen bezogenen empirischen … Basic Research and Applied Research increasingly enter the spotlight of R&D Management theory. Although this branch of …
Persistent link: https://www.econbiz.de/10009467496
resultierende Faktor-Hedging von Barrier Optionen gerichtet. … volatility dynamics and resulting factor hedging of barrier options. …
Persistent link: https://www.econbiz.de/10009467069
Eine langfristige und nachhaltige Steigerung des Unternehmenswerts als zentrales Unternehmensziel fordert eine konsequente, wertorientierte Ausrichtung aller Unternehmensteile und -aktivit?ten. Das Risikomanagement, welches stets im Rahmen einer integrierten Betrachtung von Ertrags- und...
Persistent link: https://www.econbiz.de/10009482328
Effiziente Reduktion des Produktionsrisikos im Ackerbau durch Ertragsversicherungen In Europa werden staatliche Hilfen für Ertragsversicherungen nach dem Vorbild der USA oder Kanada gefordert. In dieser Arbeit werden daher zum einen Bedingungen erarbeitet, unter denen die Subventionierung von...
Persistent link: https://www.econbiz.de/10009429007
decisions to commodity hedge and to the extent of hedging. Chapter 1 discusses prior literature, including theory and empirical … extent of hedging conditional on hedging decisions and the cross-sectional and time series deviation of the hedge ratio. I … hedging polices after commodity price shocks. I find that unhedged firms which are ex ante financially constrained lose market …
Persistent link: https://www.econbiz.de/10009429350
. In the past, many hedging instruments have been invented and widely used. By using these derivatives, decision makers … reduce the price risk to a certain degree. To apply these hedging instruments to the perfect hedging strategies correctly, it … in hedging, including forward contracts, futures, swaps and options. It also introduces the hedging strategies used on …
Persistent link: https://www.econbiz.de/10009429392
Purchasing goods from distant locations introduces a significant lag between when a product is shipped and when it arrives. These transit lags are trade barriers for firms facing volatile demand, who must place orders before knowing the resolution of demand uncertainty. We provide a model in...
Persistent link: https://www.econbiz.de/10009430693
discuss are how companies manage risk, instruments for hedging, liability management and organization, governance and control. …
Persistent link: https://www.econbiz.de/10009432744
Persistent link: https://www.econbiz.de/10009434231
Three years after the seminal work of Black and Scholes on the pricing of European options, Scholes presented a paper in which the impact of taxation on the value of an option is analyzed. We restart this discussion in a simple binomial setting emphasizing the economic principles of replicating...
Persistent link: https://www.econbiz.de/10009452631