Global ETD Search
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Showing 1 to 6 of 6 for “"Hedging behavior"”.
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Analytical study and cost modeling of secondary aluminum consumption for alloy producers under uncertain demands
… uncertainty, etc. all have direct impacts on the hedging behavior. An analytical study on a simplified case scenario suggested a close form expression to well explain the hedging behavior and the impacts of various factors observed in case studies. The thesis then explored the effects of …
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Essays on Futures Trading Under Non-Standard Assumptions
… context are considered in three studies on the behavior of hedgers and traders. Hedging behavior in futures market is investigated by relaxing assumptions related to both expected utility theory and the hedger's decision context, allowing more realistic estimates of hedge ratios. Further, for …
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Do prices drive commercial trader positions in grains and oilseeds markets?
… we modify and extend the analysis of optimal hedging proposed by Jacobs, Li, and Hayes (AJAE 2018) to: (i) confirm its applicability for the two largest agricultural markets (soybeans and corn) over a longer period of time than previously tested (13-year period vs. 5); (ii) provide evidence …
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Valuation of Stock Index Futures and Their Relation to the Underlying Index: Theory and Evidence (Hedging)
Five hedging models representing a range of hedger motivation and attitudes to risk were applied to the three stock index futures. Both optimal hedge ratios and measures of effectiveness were calculated. It was found that the models worked well with stock index futures: the various criteria …
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Essays on the effective integration of risk management with operations management decisions
… risks through both operational and financial hedging strategies. In practice, firms extensively use operational hedging strategies such as operational flexibility, capacity flexibility, postponement, multi-sourcing, supplier diversification, component commonality, substitutability, …
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Financial derivatives use and firm value in East Asian non-financial firms
… use derivatives for speculating and/or selective hedging or self-management purposes. Overall, our findings provide strong evidence of the role of countries’ governance quality in driving firms’ derivatives-related behaviors. This macro-based effect on derivatives use is independent from …