This paper adapts a generalized expected utility (GEU) maximization model (Epstein and Zin, 1989 and 1991) to examine the intertemporal risk management of wheat producers in the Pacific Northwest. Optimization results based on simulated data indicate the feasibility of the GEU optimization as a...

China's 10-year old wheat futures market, the China Zhengzhou Commodity Exchange (CZCE) has been in stable development since establishment and is expected to be integrated to the world market after China joined WTO. This paper compares the price behavior of CZCE with that of the Chicago Board of...

Utilizing a dataset comprising 1536 merger and acquisition transactions involving Chinese A-share listed firms operating in high-polluting industries during the period of 2001-2020, this paper aims to investigate managerial myopic impact on green merger and acquisition. The primary findings...

This paper adapts a generalized expected utility (GEU) maximization model (Epstein and Zin, 1989 and 1991) to examine the intertemporal risk management of wheat producers in the Pacific Northwest. Optimization results based on simulated data indicate the feasibility of the GEU optimization as a...

This paper applies the generalized expected utility (GEU) approach developed by Epstein and Zin (1989, 1991) to dynamic agricultural risk analysis. We explore the impacts of alternative preference parameters of farmers including of risk aversion, time preference, and intertemporal...

In this paper we attempt an intertemporal study of risk management decisions for wheat growers in the Pacific Northwest. We apply a generalized expected utility model (GEU) to examine the farmers optimal choices of hedging ratios and crop insurance coverage levels in the presence of government...