Among the main threats to Russian energy sector is high volatility of oil markets, which leads significant fluctuations in volume revenues received by and gas companies country’s budget due export hydrocarbon resources. It necessitates search for mechanisms aimed at minimizing this risk. Such should be a political economic nature. Russia can achieve reduction risks budgetary system through intr...

The new NYSE rules for corporate governance require the audit committee to discuss and review the firm’s risk assessment and hedging strategies. They also put additional requirements for the composition and the financial knowledge of the directors sitting on the board and on the audit committee. In this paper, we investigate whether these new rules as well as those set by the Sarbanes Oxley act...

The aim of this text was to evaluate Mongolian foreign policy by applying the hedging strategy. We have arrived at conclusion that way Mongolia strives secure itself against insecurities and risks in fast-changing environment East Asia corresponds main principles strategy basic outlines it is not different from procedures applied countries Southeast Asia. After 1990, Mongolians enrolled Non-Ali...

this study examined the effect of explicit instruction of hedging on english forspecific academic purposes (esap) reading comprehension performance ofenglish language learning (ell) university students. a reading comprehensiontest was developed and validated as the pretest and the posttest. the test, includingitems for assessing the comprehension of the students in their area of specialization,...

A Markov chain model is taken to describe the development of a multi-state life insurance policy or portfolio in a stochastic economic-demographic environment. It is assumed that there exists an arbitrage-free market with tradeable securities derived from demographic indices. Adopting a mean-variance criterion, two problems are formulated and solved. First, how can an insurer optimally hedge en...

We consider a problem of Duffie and Richardson in an economy in which there are two observable processes X and Y both driven by Brownian motions. One of processes is the price process of the asset which can be used for hedging the contingent claim. The objective is to find a trading strategy which minimizes the deviation (in p-norm or other loss function) of the portfolio value from the stochas...

An aggregate integrated assessment model is used to investigate the relative merits of hedging over the near term against the chance that atmospheric concentrations of carbon dioxide will be limited as a matter of global policy. Hedging strategies are evaluated given near term uncertainty about the targeted level of limited concentrations and the trajectory of future carbon emissions. All uncer...

This article develops a model for evaluating alternative hedging strategies for financially constrained firms. A key advantage of the model is the ability to capture the intertemporal effects of hedging on the firm’s financial situation. We characterize the optimal hedge. A wide range of alternative hedging strategies can be specified and the model allows us to determine in each case if the hed...

ABSTRAK 
 Keputusan hedging adalah suatu keputusan yang diambil perusahaan untuk melindungi nilai dari risiko perubahan kurs. Faktor menentukan leverage, kebijakan deviden, dan likuiditas. Penelitian ini bertujuan mengamati perkembangan faktor mempengaruhi serta melihat pengaruh likuiditas terhadap secara parsial simultan pada Badan Usaha Milik Negara subsektor kontruksi bangunan terdaftar...

This work expounds on implementing an effective dynamic ðs; SÞ policy to solve a liner shipping refueling and speed determination problem under both bunker prices and consumption uncertainties. While solving an optimization model which incorporates a continuous distribution is extremely challenging, we use sample average approximation method to solve it. However, the resulting problem is still ...