Sökning: "oil hedge"

Visar resultat 6 - 10 av 20 uppsatser innehållade orden oil hedge.

1. 6. Determinants of Hedging Maturity: An Empirical Study in American Oil and Gas Companies

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Jonas Werstroh; Björn Svensson; [2018]
   Nyckelord :Hedging; Maturity; Debt; Long-term; Determinant; Business and Economics;

   Sammanfattning : This study analyzes hedging maturity structure and examines the relation between the maturity structure of corporate hedging and debt characteristics. The purpose of the study is to provide new insights in what determines the hedging maturity and discover new aspects of companies hedging positions, which still is an unexplored area of modern risk management theory. LÄS MER

3. 7. Does having previous working experiences in finance affect corporate hedging decisions made by the CEO? - a study on U.S. oil and gas producers

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Peera Sakdanupong; Jeremy Seow; [2018]
   Nyckelord :Hedging; Hedge ratio; Chief executive officers; CEO characteristics; CEO risk preferences; Finance career; Business and Economics;

   Sammanfattning : The purpose of this thesis is to investigate if a CEO with finance and accounting working experiences would affect corporate hedging decisions, in terms of the decision to hedge, the extent of hedging, and the type of hedging tools used. This thesis uses panel data regressions where the hedge ratio, binary hedging decisions and hedging types are dependent variables, controlled by independent variables such as a dummy variable for CEOs with finance working experience, various CEO characteristics, and firm-level variables. LÄS MER

4. 8. Maturity, Speculation and Corporate Hedging: An Empirical Study in Oil and Gas Firms from 2000-2008

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Xinyun Lin; Xitong Cong; [2017]
   Nyckelord :Maturity; Hedging; Speculation; Hedging determinants; Derivative usage; Business and Economics;

   Sammanfattning : In this paper, we develop a new but also under-researched measure for firms’ hedging practice: maturity. Comparison between the outputs of two sets of Tobit model using hedge ratio and maturity respectively shows that the costs of financial distress hypothesis and the financing costs hypothesis are partially supported by both hedge ratio and maturity. LÄS MER

5. 9. Maturity, Speculation and Corporate Hedging - An Empirical Study in Oil and Gas Firms from 2000-2008

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Xinyun Lin; Xitong Cong; [2017]
   Nyckelord :Business and Economics;

   Sammanfattning : In this paper, we develop a new but also under-researched measure for firms’ hedging practice: maturity. Comparison between the outputs of two sets of Tobit model using hedge ratio and maturity respectively shows that the costs of financial distress hypothesis and the financing costs hypothesis are partially supported by both hedge ratio and maturity. LÄS MER

7. 10. Swedish Equity Sectors Risk Management with Commodities : Revisiting dynamic conditional correlations and hedge ratios

   Magister-uppsats, Linköpings universitet/Nationalekonomi

   Författare :Daniel Engström; Niklas Gustafsson; [2017]
   Nyckelord :Hedging; hedge; commodities; futures; hedge ratio; conditional correlation; DCC; GO-GARCH; DCC-GARCH; GARCH; Dynamic conditional correlation; oil; GSCI; copper; gold; safe haven; optimal hedge ratio; finance; economics; markets; risk; risk management; hedge effectiveness; Risk; riskhantering; råvaror; terminer; futures; hedging; hedge; GARCH;

   Sammanfattning : The purpose of this study is to investigate changes in dynamic conditional correlations between Swedish equity sector indices and commodities using oil, gold, copper and a general commodity index. Additionally the purpose is to evaluate which of the two methods, DCC- GARCH or GO-GARCH that is more efficient in estimating correlation for hedge ratio calculation. LÄS MER