scholarly journals Weather Risk Hedging in the European Markets and International Investment Diversification

2010 ◽  
Vol 36 (1) ◽  
pp. 74-94 ◽  
Author(s):  
Charles C Yang ◽  
Linda Shihong Li ◽  
Min-Ming Wen
Keyword(s):  
International Investment ◽  
Risk Hedging ◽  
Weather Risk ◽  
European Markets

SPATIAL DEPENDENCE AND AGGREGATION IN WEATHER RISK HEDGING: A LÉVY SUBORDINATED HIERARCHICAL ARCHIMEDEAN COPULAS (LSHAC) APPROACH

2018 ◽  
Vol 48 (02) ◽  
pp. 779-815 ◽  
Author(s):  
Wenjun Zhu ◽  
Ken Seng Tan ◽  
Lysa Porth ◽  
Chou-Wen Wang
Keyword(s):  
Spatial Dependence ◽  
Crop Production ◽  
Archimedean Copula ◽  
Dependence Structure ◽  
Copula Model ◽  
Copula Models ◽  
Basis Risk ◽  
Risk Hedging ◽  
Adverse Weather ◽  
Weather Risk

AbstractAdverse weather-related risk is a main source of crop production loss and a big concern for agricultural insurers and reinsurers. In response, weather risk hedging may be valuable, however, due to basis risk it has been largely unsuccessful to date. This research proposes the Lévy subordinated hierarchical Archimedean copula model in modelling the spatial dependence of weather risk to reduce basis risk. The analysis shows that the Lévy subordinated hierarchical Archimedean copula model can improve the hedging performance through more accurate modelling of the dependence structure of weather risks and is more efficient in hedging extreme downside weather risk, compared to the benchmark copula models. Further, the results reveal that more effective hedging may be achieved as the spatial aggregation level increases. This research demonstrates that hedging weather risk is an important risk management method, and the approach outlined in this paper may be useful to insurers and reinsurers in the case of agriculture, as well as for other related risks in the property and casualty sector.

Spatial Dependence & Aggregation in Weather Risk Hedging

2015 ◽  
Author(s):  
Wenjun Zhu ◽  
Ken Seng Tan ◽  
Lysa Porth ◽  
ChouuWen Wang
Keyword(s):  
Spatial Dependence ◽  
Risk Hedging ◽  
Weather Risk

Weather‐risk hedging by farmers

2009 ◽  
Vol 10 (1) ◽  
pp. 54-66 ◽  
Author(s):  
Rajiv Seth ◽  
Valeed A. Ansari ◽  
Manipadma Datta
Keyword(s):  
Risk Hedging ◽  
Weather Risk

Hostile Takeovers and Anti-takeover Defenses in the Russian Corporate Market

2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Hostile Takeovers ◽  
Russian Market ◽  
Takeover Defenses ◽  
The Cost ◽  
European Markets

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.

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