Export and hedging decision with state-dependent utility

Eckwert B, Broll U (1998)
International Review of Economics and Finance: 247-253.

Journal Article | Published | English

No fulltext has been uploaded

Author
;
Abstract
This paper studies the behavior of a risk-averse competitive exporting firm which is exposed to revenue risk due to a randomly fluctuating exchange rate. The firm has access to an unbiased foreign exchange forward market where the exchange rate risk can be hedged at no costs. We extend the standard approach by allowing for state-dependent utility and investigate whether the well-known separation theorem and the full hedge theorem still hold in such a generalized framework.
Publishing Year
PUB-ID

Cite this

Eckwert B, Broll U. Export and hedging decision with state-dependent utility. International Review of Economics and Finance. 1998:247-253.
Eckwert, B., & Broll, U. (1998). Export and hedging decision with state-dependent utility. International Review of Economics and Finance, 247-253.
Eckwert, B., and Broll, U. (1998). Export and hedging decision with state-dependent utility. International Review of Economics and Finance, 247-253.
Eckwert, B., & Broll, U., 1998. Export and hedging decision with state-dependent utility. International Review of Economics and Finance, , p 247-253.
B. Eckwert and U. Broll, “Export and hedging decision with state-dependent utility”, International Review of Economics and Finance, 1998, pp. 247-253.
Eckwert, B., Broll, U.: Export and hedging decision with state-dependent utility. International Review of Economics and Finance. 247-253 (1998).
Eckwert, Bernhard, and Broll, Udo. “Export and hedging decision with state-dependent utility”. International Review of Economics and Finance (1998): 247-253.
This data publication is cited in the following publications:
This publication cites the following data publications:

Export

0 Marked Publications

Open Data PUB

Search this title in

Google Scholar