Hedging, liquidity, and the competitive firm under price uncertainty
Article Abstract:
The behavior of the competitive firm under price uncertainty, when the firm has access to an intertemporally unbiased futures market is examined. The liquidity risk created by the interim funding requirement of a futures hedge adversely affects the hedging and production decisions of the competitive firm under price uncertainty.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2004
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The stock closing call and futures price behavior: evidence from the Taiwan futures market
Article Abstract:
The examination of the futures prices on the Taiwan futures market before and after the batching period of the stock closing call is presented. The impact of the stock closing method on the pricing of futures options is discussed.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2007
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