Financing policy, basis risk, and corporate hedging: evidence from oil and gas producers
Article Abstract:
Analysis of hedging by oil and gas producers between 1992 and 1994 show this policy was related primarily to financing costs and economies of scale. Larger companies and those with production located where prices correlate with exchange-traded derivative prices are more likely to manage risks.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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Testing for mean-variance spanning with short sales constraints and transaction costs: the case of emerging markets
Article Abstract:
This article proposes a regression-based test for mean-variance to evaluate market frictions faced by investors in developing countries. The authors find that after liberalization of emerging markets investors benefit when frictions are excluded, but note that their results are not conclusive.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
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Hedging pressure effects in futures markets
Article Abstract:
The authors present investment models for hedging in futures markets. Topics include cross-hedging pressures, price pressure, and underlying assets.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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