Export and hedging decision with state-dependent utility
Eckwert B, Broll U (1998)
International Review of Economics and Finance: 247-253.
Zeitschriftenaufsatz
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Autor*in
Eckwert, BernhardUniBi;
Broll, Udo
Abstract / Bemerkung
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.
Erscheinungsjahr
1998
Zeitschriftentitel
International Review of Economics and Finance
Seite(n)
247-253
Page URI
https://pub.uni-bielefeld.de/record/2687306
Zitieren
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. doi:10.1016/S1059-0560(99)80030-6
Eckwert, Bernhard, and Broll, Udo. 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.
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