✦ LIBER ✦

Corporate taxes and hedging with futures

✍ Scribed by T. Hanan Eytan

Publisher: John Wiley and Sons
Year: 1990
Tongue: English
Weight: 382 KB
Volume: 10
Category: Article
ISSN: 0270-7314
DOI: 10.1002/fut.3990100509

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Uncertain tax rules and futures hedging

✍ Donald Lien 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 87 KB

Tax-loss carryforward and futures hedgin

Tax-loss carryforward and futures hedging

✍ Donald Lien; Michael Metz 📂 Article 📅 2002 🏛 John Wiley and Sons 🌐 English ⚖ 139 KB

## Abstract Our research is motivated by the Corn Products vs Arkansas Best Supreme court decisions that brought on the controversy of the tax treatment of gains and losses from futures hedging. The usefulness of a futures contract as risk management tool depends on the tax code. In this paper we a

Tax asymmetry and futures hedging under

Tax asymmetry and futures hedging under liquidity constraints

✍ Kit Pong Wong 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 146 KB

This paper examines the optimal futures hedging decision of a firm facing uncertain income that is subject to asymmetric taxation with no loss-offset provisions. All futures contracts are marked to market and require interim cash settlement of gains and losses. The firm is liquidity constrained in t

Multiperiod hedging with futures contrac

Multiperiod hedging with futures contracts

✍ Aaron Low; Jayaram Muthuswamy; Sudipto Sakar; Eric Terry 📂 Article 📅 2002 🏛 John Wiley and Sons 🌐 English ⚖ 179 KB 👁 1 views

## Abstract The hedging problem is examined where futures prices obey the cost‐of‐carry model. The resultant hedging model explicitly incorporates maturity effects in the futures basis. Formulas for the optimal static and dynamic hedges are derived. Although these formulas are developed for the cas

Fractional cointegration and futures hed

Fractional cointegration and futures hedging

✍ Lien, Donald; Tse, Yiu Kuen 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 190 KB

International tenders and futures hedgin

International tenders and futures hedging

✍ Donald Lien; Kit Pong Wong 📂 Article 📅 2006 🏛 John Wiley and Sons 🌐 English ⚖ 139 KB

This paper examines the optimal bidding and hedging decisions of a risk-averse firm that takes part in an international tender. The firm faces multiple sources of uncertainty: exchange rate risk, risk of an unsuccessful tender, and business risk. The firm is allowed to trade unbiased currency future