Surveys of corporate risk management document that selective hedging, where managers incorporate their market views … into firms' hedging programs, is widespread in the U.S. and other countries. Stulz (1996) argues that selective hedging … strength to withstand the additional risk from market timing. We study the practice of selective hedging in a 10-year sample of …

Since the mid-nineties, agricultural economists discuss the suitability of "weather derivatives" as hedging instruments …, weather derivative markets for the agricultural sector are still in their infancy all-over the world. Some economists …. Others think that the low hedging effectiveness of (standardized and non-customized) weather contracts cripple the market …

. We find that, depending on whether futures contracts are used for risk reduction (i.e., hedging) or risk taking (i ….e., speculation), the implied magnitudes of recessions and booms are decreased or increased. Corporate risk management can therefore …

in the UK. In Germany, FTT receipts would amount to 0.9 percent of GDP in this case. If a FTT is introduced in the UK and … in Germany at the same time, neither country needs to fear a significant "emigration" of trading. This can be presumed …

-society organizations, that index funds via their financial speculation with agricultural commodities have caused the food crisis in 2007 …

This article argues that financial market speculation with agricultural commodities is both valuable from an economic … to prohibit such speculation. However, this would be detrimental to the moral goal of improving the global food supply. …