Purpose–This paper aims to provide an update to the risk management literature, as it
compiles a survey of 65 recent theoretical and empirical studies on the topic …

Purpose Successful execution of public–private partnership (PPP) projects is the most
desirable outcome to all stakeholders. Previous studies show that one of the topmost …

All investments carry with them some degree of risk. In the financial world, individuals,
professional money managers, financial institutions, and many others encounter and must …

We create a simulated financial market and examine the effect of different levels of active
and passive investment on fundamental market efficiency. In our simulated market, active …

This paper investigates corporate hedging under regret aversion. Regret-averse firms try to
avoid deviations of their hedging policy from the ex post best policy. The study presents a …

This study examines the behavior of the competitive firm under output price uncertainty and
state‐dependent preferences. When there is a futures market for hedging purposes, the …

The objective of this research is to evaluate the influence on hedging decisions of a realistic
set of transaction costs which are largely stochastic. The stochastic nature of some …

This paper examines the optimal production and hedging decisions of the competitive firm
that possesses smooth ambiguity preferences and faces ambiguous price and background …

This study investigates the existence of common factors driving liquidity across different
markets during a crisis period. The evidence suggests that liquidity across different …

The growing volume utilization of hedging instruments in emerging markets revives the
debate regarding optimal hedging strategies–futures versus put options. Specifically, market …