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. It calls for such hedging techniques that mitigate this risk level, thus, allowing corporations to enjoy a solid return …. This paper draws attention to a new determinant of hedging, i.e., the role of ownership concentration in risk management … study reveals that concentrated owners are less likely to use derivatives for hedging purposes due to concentrated owners …
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This paper examines the hedging effectiveness of the FTSE/ATHES-20 and FTSE/ATHEX Mid-40 stock index futures contracts … in the relatively new and fairly unresearched futures market of Greece. Both in sample and out of sample hedging … that time varying hedging strategies provide minimal incremental risk-reduction benefits in sample, but under …
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15, 2013 to October 8, 2015. Cross-hedging ratios and cross-hedging performance of S&P500 and NIKKEI225 futures were … estimated with the use of the OLS regression, VECM and the GARCH models. The cross-hedging effectiveness analysis was performed … established by applying the Johansen co-integration model. The computed hedge ratios and cross-hedging effectiveness were almost …
Persistent link: https://www.econbiz.de/10012854344
The idea that speculation exacerbates commodity and stock price volatility dates back at least from the second half of the nineteenth century when an extensive literature emerged to which Marshall contributed. The essence of his arguments, originally applied to commodities and subsequently...
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