The Semivariance-Minimizing Hedge Ratio
This study presents a new approach to the optimal hedging decision. In some empirical studies, the standard hedge using the mean-variance hedge ratio provides results which are inconsistent with downside risk management. The new approach taken here relates the optimal hedge ratio to semivariance rat...
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| Autors principals: | , |
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| Format: | Artigo |
| Idioma: | Inglês |
| Publicat: |
Western Agricultural Economics Association
2003-04-01
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| Col·lecció: | Journal of Agricultural and Resource Economics |
| Matèries: | |
| Accés en línia: | https://ageconsearch.umn.edu/record/30720 |
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