Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Axel F. A. Adam-Müller"'
Publikováno v:
Journal of Accounting and Public Policy, 39(3). Elsevier Inc.
We examine companies’ compliance with IFRS risk disclosure rules for the first fiscal year following 2007. For a sample of 383 firms from 20 European countries, we find that average risk disclosure compliance is only 62 percent. Countries’ enforc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::12b9c4defc59f56bdffcf58845e603e8
https://doi.org/10.1016/j.jaccpubpol.2020.106739
https://doi.org/10.1016/j.jaccpubpol.2020.106739
Publikováno v:
Journal of Futures Markets. 29:297-318
Futures hedging creates liquidity risk through marking to market. Liquidity risk matters if interim losses on a futures position have to be financed at a markup over the risk-free rate. This study analyzes the optimal risk management and production d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c5f4817b4cffb2f1f9a4f56a66f116ac
https://doi.org/10.1002/fut.20362
https://doi.org/10.1002/fut.20362
Autor:
Axel F. A. Adam-Müller, Kit Pong Wong
Publikováno v:
Review of Finance. 7:459-477
Multiple delivery specifications exist on nearly all commodity futures contracts. Sellers are typically allowed to choose among several grades of the underlying commodity. On the delivery day, the futures price converges to the spot price of the chea
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d298dbf9e1287af737742f81e11efc99
https://doi.org/10.1023/b:eufi.0000022146.03901.60
https://doi.org/10.1023/b:eufi.0000022146.03901.60
Autor:
Axel F. A. Adam-Müller
Publikováno v:
Journal of Futures Markets. 22:371-386
An entrepreneur faces two types of risk: one from income generation, one from income spending. His income from firm profits is risky due to output price fluctuations and other risks. As a consumer, he is also exposed to inflation risk since he maximi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9ba6e84055e9c4ce479a8343f831bae3
https://doi.org/10.1002/fut.10012
https://doi.org/10.1002/fut.10012
Publikováno v:
SSRN Electronic Journal.
What factors shape an individual’s opinion on entrepreneurs? How do these factors differ across countries? This paper analyzes the relationship between socialist history and individuals’ opinions on entrepreneurs. Using a large-scale micro-level
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b487361a1e692c96df41fbfc846ee9cb
https://doi.org/10.2139/ssrn.2447652
https://doi.org/10.2139/ssrn.2447652
Autor:
Axel F. A. Adam-Müller
Publikováno v:
Journal of International Money and Finance. 19:549-560
This paper analyzes optimal hedging of a tradable risk (e.g. price risk or exchange rate risk) with forward contracts in the presence of untradable inflation risk. Utility is defined over real wealth. Optimal forward positions are derived relative to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::94f5c878c146e0bf075ab9fefdea30cb
https://doi.org/10.1016/s0261-5606(00)00016-4
https://doi.org/10.1016/s0261-5606(00)00016-4
Autor:
Axel F. A. Adam-Müller
Publikováno v:
Journal of Futures Markets. 20:843-864
This article examines the optimal production, export allocation, and hedging decisions of a risk‐averse international firm that exports to several foreign markets with different currencies. The firm faces multiple exchange rate risks. Optimal decis
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2e16bff6f02d3355019810094cb2273c
https://doi.org/10.1002/1096-9934(200010)20:9<843::aid-fut3>3.0.co
https://doi.org/10.1002/1096-9934(200010)20:9<843::aid-fut3>3.0.co
Autor:
Axel F. A. Adam-Müller
Publikováno v:
The International Journal of Accounting. 43:335-337
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::26e730be29fbb3430f3ee9f7e6c205cc
https://doi.org/10.1016/j.intacc.2008.06.008
https://doi.org/10.1016/j.intacc.2008.06.008
Autor:
Axel F. A. Adam-Müller
Publikováno v:
European Economic Review. 41:1421-1426
This note analyzes optimal export and hedging decisions taken by a risk-averse exporting firm which simultaneously faces hedgeable exchange rate risk and non-hedgeable revenue risk abroad. The separation property does not hold, exports depend on pref
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e679355b8c8d3a8f693b13b733271d42
https://doi.org/10.1016/s0014-2921(96)00029-3
https://doi.org/10.1016/s0014-2921(96)00029-3
Autor:
Ingmar Nolte, Axel F. A. Adam-Müller
Cross hedging price risk in an incomplete financial market creates basis risk. We propose a new way of modeling basis risk where price risk and basis risk are combined in a multiplicative way. Under this specification, positive prudence is a necessar
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::42a739e36782228cf209390f904eabdb
https://doi.org/10.1016/j.jbankfin.2011.03.022
https://doi.org/10.1016/j.jbankfin.2011.03.022
