Essays about: "hedging oil prices"

Showing result 1 - 5 of 8 essays containing the words hedging oil prices.

  1. 1. Does hedging increase firm performance? An empirical analysis of the shipping industry

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Daniel Nilsson; Wendy Patino; [2017]
    Keywords : Hedging; Risk Management; Return on Invested Capital; Shipping; Operating Performance; Business and Economics;

    Abstract : In this study, we analyze the hedging activities for risk management purposes of 31 shipping companies headquartered in Europe and North America and its impact on ROIC, in the period between 2009 and 2014. We also study how ROIC interacts with hedging and investments undertaken by the firms in our sample. READ MORE

  3. 2. On Dynamic Risk Management - Investigating the Theory of Collateral Constraints

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Linus Bladlund; Erik Andersson; [2017]
    Keywords : Collateral; Financial Constraints; Oil and Gas Industry; Risk Management; Business and Economics;

    Abstract : This paper investigates the theory of collateral constraints developed by Rampini, Sufi, and Viswanathan in their paper Dynamic Risk Management published in 2014. In this theoretical framework, firms are faced with a trade-off between using scarce cash holdings to finance investments and engaging in risk management. READ MORE

  4. 3. Commodity Risk Management in The Airline Industry : A study from Europe

    University essay from Högskolan i Jönköping/IHH, Företagsekonomi

    Author : Jonathan Havik; Emil Stendahl; Andreas Soteriou; [2016]
    Keywords : Airlines; Europe; Systematic risk; Hedging; Oil prices; Oil price volatility; Jet fuel hedging;

    Abstract : The airline industry is a major user of jet fuel and this constitutes a large component of the operating costs and is a risk coefficient for airlines. Several studies have been conducted on how oil price volatility affect stock prices and cash flows as well as how, in general, firms that uses derivatives experience lower stock returns volatility and stock s . READ MORE

  5. 4. Driving factors of LNG financial derivatives

    University essay from KTH/Energiteknik

    Author : Natis Johansson; Sebastian King; Per Wettergren; [2013]
    Keywords : ;

    Abstract : Natural gas consists of carbon hydrates and is utilized in the residential, commercial industrial and transportation sector and for power generation. Due to the fact that natural gas emits 23 % and 44 % less carbon dioxide than oil and coal respectively when burned, it becomes a more attractive fuel from an environmental perspective. READ MORE

  6. 5. Energy Derivatives Pricing

    University essay from Tillämpad matematik och fysik (MPE-lab)

    Author : Irina Prostakova; Alexander Tazov; [2011]
    Keywords : Financial Mathematics; Option; Energy derivative pricing;

    Abstract : In this paper we examine energy derivatives pricing. The previous studies considered the same source of uncertainty for the spot and the futures prices. We investigate the problem of futures pricing with two independent sources of risk. In general the structure of the oil and gas futures markets is closely related to some stock indices. READ MORE