𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Special issue: “Corporate use of derivative and hedging instruments”

Book ID
117320710
Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
41 KB
Volume
48
Category
Article
ISSN
0148-6195

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📜 SIMILAR VOLUMES

On the optimal mix of corporate hedging
On the optimal mix of corporate hedging instruments: Linear versus nonlinear derivatives
✍ Gerald D. Gay; Jouahn Nam; Marian Turac 📂 Article 📅 2003 🏛 John Wiley and Sons 🌐 English ⚖ 178 KB 👁 1 views

## Abstract We examine how corporations should choose their optimal mix of linear and nonlinear derivatives. We present a model in which a firm facing both quantity (output) and price (market) risk maximizes its expected profits when subjected to financial distress costs. The optimal hedging positi