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Coordinating operational policy with financial hedging for risk-averse firms
16 references·1 citing·41 second hop
Coordinating operational policy with financial hedging for risk-averse firms (2015)Coordinating operational policy with fina…International Evidence on Financial Derivatives Usage (2009)International Evidence on Fin…On the Integration of Production and Financial Hedging Decisions in Global Markets (2007)On the Integration of Product…Hedging Inventory Risk Through Market Instruments (2005)Hedging Inventory Risk Throug…International Evidence on Financial Derivatives Usage (2003)International Evidence on Fin…Commissioned Paper: Capacity Management, Investment, and Hedging: Review and Recent Developments (2003)Commissioned Paper: Capacity …Real Options: A Practitioner's Guide (2001)Real Options: A Practitioner'…Tax Incentives to Hedge (1999)Tax Incentives to HedgeValuing Operational Flexibility Under Exchange Rate Risk (1996)Valuing Operational Flexibili…Valuing Risky Projects: Option Pricing Theory and Decision Analysis (1995)Valuing Risky Projects: Optio…The Risk-Averse (and Prudent) Newsboy (1995)The Risk-Averse (and Prudent)…Dynamic Asset Pricing Theory. (1993)Dynamic Asset Pricing Theory.Proper Risk Aversion (1987)Proper Risk AversionThe Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…Martingales and arbitrage in multiperiod securities markets (1979)Martingales and arbitrage in …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Finance-operations interface mechanism and models (2019)Finance-operations interface …The Pricing of Options and Corporate Liabilities (1973)Option pricing: A simplified approach (1979)Good News and Bad News: Representation Theorems and Applications (1981)Valuing American Options by Simulation: A Simple Least-Squares Approach (2001)Risk and uncertainty: a fallacy of large numbers (1963)Essays in the Theory of Risk-Bearing. (1972)Myopic Loss Aversion and the Equity Premium Puzzle (1993)Myopic Loss Aversion and the Equity Premium Puzzle (1995)Strategic Asset Allocation (2002)A Theory of the Term Structure of Interest Rates (1985)Prospect theory: An analysis of decision under risk (1988)A YIELD‐FACTOR MODEL OF INTEREST RATES (1996)Introductory Econometrics for Finance (2008)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Decisions with Multiple Objectives: Preferences and Value Tradeoffs. (1994)Challenges to the practical implementation of modeling and valuing real options (1998)Justifying Electronic Banking Network Expansion Using Real Options Analysis1 (2000)Managing Information Technology Investment Risk: A Real Options Perspective (2002)Precautionary Saving in the Small and in the Large (1989)Impact of Uncertainty and Risk Aversion on Price and Order Quantity in the Newsvendor Problem (2000)The newsvendor problem: Review and directions for future research (2010)Robust Solutions of Optimization Problems Affected by Uncertain Probabilities (2012)On financial contracting (1979)Optimal capital structure under corporate and personal taxation (1980)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Managerial incentives and risk-taking☆ (2005)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)Optimum consumption and portfolio rules in a continuous-time model (1971)Investment under Uncertainty (1994)Investment Under Uncertainty. (1994)Coordination of Supply Chains with Risk-Averse Agents (2011)Technology Choice and Capacity Portfolios under Emissions Regulation (2015)Channel Integration, Sales Dispersion, and Inventory Management (2016)Real Options and IT Platform Adoption: Implications for Theory and Practice (2004)What IsNotA Real Option: Considering Boundaries for the Application of Real Options to Business Strategy (2004)Common and fundamental factors in stock returns of Canadian oil and gas companies (2006)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1979Martingales and arbitrage in multiperiod securities markets3,595 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1993Dynamic Asset Pricing Theory.2,891 cited
  • 2001Real Options: A Practitioner's Guide1,053 cited
  • 2003Commissioned Paper: Capacity Management, Investment, and Hedging: Review and Recent Developments568 cited
  • 1987Proper Risk Aversion540 cited
  • 1995Valuing Risky Projects: Option Pricing Theory and Decision Analysis536 cited
  • 1995The Risk-Averse (and Prudent) Newsboy485 cited
  • 1996Valuing Operational Flexibility Under Exchange Rate Risk465 cited
  • 1999Tax Incentives to Hedge433 cited
  • 2009International Evidence on Financial Derivatives Usage381 cited
  • 2003International Evidence on Financial Derivatives Usage285 cited
  • 2007On the Integration of Production and Financial Hedging Decisions in Global Markets260 cited
  • 2005Hedging Inventory Risk Through Market Instruments

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  • 2019Finance-operations interface mechanism and models12 cited