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- Academic Journals (243)
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- 243
Academic Journals
- 243
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From:Journal of Risk Finance (Vol. 11, Issue 1) Peer-ReviewedAbstract Purpose The purpose of this paper is to examine the valuation effect of derivatives use in the French market using a sample of 250 non-financial firms over the period 2000-2002....
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From:Business Economics (Vol. 28, Issue 2) Peer-ReviewedFinancial risk management techniques can de used in the context of the health insurance industry. Exchange-traded financial derivatives results in reduced risks and transaction costs. Health insurance futures contract...
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From:Journal of Accountancy (Vol. 177, Issue 3)The International Accounting Standards Committee (IASC) issued proposed international accounting standard E48, Financial Instruments, after reconsidering proposals made in the September 1991 exposure draft (E40) of the...
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From:Financial Executive (Vol. 10, Issue 3) Peer-ReviewedInternational companies worried about foreign-currency risk are employing various strategies to cover their exposures in emerging markets. Both AT&T and Pepsi-Cola International, for instance, try to minimize their...
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From:International Monetary Fund Staff Papers (Vol. 42, Issue 3) Peer-ReviewedIn the endgame of a fixed exchange rate regime, increases in interest rates to defend the currency may lead to an apparently perverse market response: further downward pressure on the exchange rate. This may result if a...
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From:Columbia Journal of World Business (Vol. 27, Issue 2) Peer-ReviewedLeong analyzes how commodity consumers nd commodity producers can reduce price risk by using structured (customized) hedging products. Structured products are financially engineered and customized to fit the particular...
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From:Journal of Risk and Insurance (Vol. 84, Issue 3) Peer-ReviewedThis article investigates the dynamic mean-variance hedging problem of an insurer using longevity bonds (or longevity swaps). Insurance liabilities are modeled using a doubly stochastic compound Poisson process in which...
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From:Journal of Risk and Insurance (Vol. 86, Issue 3) Peer-ReviewedThis article studies the optimal hedging strategy to deal with longevity risk for the life insurer considering basis risk. We build up a longevity hedging framework that incorporates not only the internal natural hedging...
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From:Journal of Risk Finance (Vol. 8, Issue 5) Peer-ReviewedAbstract Purpose--In the presence of capital market imperfections, risk management at the enterprise level is apt to increase the firm's value to shareholders by reducing costs associated with agency conflicts,...
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From:Annals of Operations Research (Vol. 299, Issue 1-2) Peer-ReviewedThis paper introduces a scheme for hedging and managing production costs of a risky generation portfolio, initially assumed to be dispatchable, to which intermittent electricity generation from non-dispatchable renewable...
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From:The CPA Journal (Vol. 82, Issue 10) Peer-ReviewedFASB's disclosure requirements provide a fair amount of detail about derivatives and hedging transactions; yet, despite efforts by auditors to comply with them, readers of financial statements often find that these...
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From:Journal of Risk and Insurance (Vol. 77, Issue 4) Peer-ReviewedABSTRACT New international accounting standards require insurers to reflect the value of embedded options and guarantees in their products. Pricing techniques based on the Black and Scholes paradigm are often used;...
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From:Journal of Risk and Insurance (Vol. 75, Issue 1) Peer-ReviewedABSTRACT We derive a risk-neutral pricing model for discrete dynamic guaranteed funds with geometric Gaussian underlying security price process. We propose a dynamic hedging strategy by adding a gamma factor to the...
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From:The CPA Journal (Vol. 73, Issue 4) Peer-ReviewedSFAS 133, Accounting for Derivative Instruments and Hedging Activities, was issued because the effects of the increasing quantity and variety of derivatives used by companies were not transparent in the financial...
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From:Economic Theory (Vol. 62, Issue 3) Peer-ReviewedWe study asset demands and consumption of an individual with longevity risk. We investigate a complete market with vehicles hedging against longevity risk and compare this case with a no insurance case and a partial...
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From:Mathematical Problems in EngineeringPeer-ReviewedIt is difficult for passive portfolio strategy to manage the long-term exposure of a well-diversified portfolio because stock index futures contracts have a finite life limited by their maturity. In this paper, we...
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From:International Journal of Stochastic AnalysisPeer-ReviewedWe propose a feasible and constructive methodology which allows us to compute pure hedging strategies with respect to arbitrary square-integrable claims in incomplete markets. In contrast to previous works based on PDE...
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From:Revista de Administracao Mackenzie (Vol. 12, Issue 5) Peer-ReviewedPrevious empirical studies concerning corporate risk management have attempted to show that the use of derivatives as a hedging mechanism can be value enhancing. Implicit to these tests has been the assumption that firms...
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From:Southern Economic Journal (Vol. 62, Issue 3) Peer-ReviewedHedging exchange rate risks can be beneficial for an exporting firm even when no perfect hedge is possible. The exporting firm can eliminate foreign currency risk through imperfect hedging. It uses a currency forward...
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From:The CPA Journal (Vol. 68, Issue 10) Peer-ReviewedAccountants should be knowledgeable in the legal issues surrounding hedge funds. An increasing number of hedge fund investors and managers are turning to accountants in both the private and the public sectors to better...