CEO Stock and Option Holdings as a Determinant of Option Hedging by Gold Mining Firms

2007 ◽  
Author(s):  
Ali Jebli ◽  
Nabil Khoury ◽  
Marko Savor
Keyword(s):  
Gold Mining ◽  
Option Hedging

scholarly journals CEO stock and option holdings as a determinant of option hedging by gold mining firms

2008 ◽  
Vol 5 (2) ◽  
pp. 400-408
Author(s):  
Ali Jebli ◽  
Nabil Khoury ◽  
Marko Savor
Keyword(s):  
Gold Mining ◽  
Negative Impact ◽  
Mining Industry ◽  
Option Hedging ◽  
Hedging Strategies ◽  
Operational Hedging ◽  
Investment Opportunities ◽  
Production Flexibility ◽  
Highly Correlated ◽  
Insight Into

This paper seeks primarily to analyze CEO holdings of stocks and options in their firm as a determinant of the decision to hedge and the intensity of hedging with option-like securities in the gold mining industry. The findings show that CEO holdings play an important role in the choice and intensity of the use of option-like hedging instruments. In addition, results also show that the intensity of option-like instrument use for hedging is diminished when the CEO is also the chairman of the board. This original finding provides additional insight into the decision making process in this context. Moreover, our results show that when non-hedgeable quantity risk and hedgeable price risk are highly correlated, gold mining firms resort to operational hedging strategies through their production flexibility. Finally, investment opportunities as well as the high correlation between production levels and gold prices seem to have a negative impact on the decision to use option-like hedging in the gold mining industry.

The Local Socioeconomic Effects of Gold Mining: Evidence from Ghana

2015 ◽  
Author(s):  
Punam Chuhan-Pole ◽  
Andrew Dabalen ◽  
Andreas Kotsadam ◽  
Aly Sanoh ◽  
Anja Tolonen
Keyword(s):  
Gold Mining

California Greenin'

2019 ◽  
Author(s):  
David Vogel
Keyword(s):  
Climate Change ◽  
Gold Mining ◽  
Global Climate ◽  
Environmental Standards ◽  
Automobile Emissions ◽  
Oil Drilling ◽  
Business Interests ◽  
Environmental Deterioration ◽  
Natural Beauty ◽  
Wilderness Areas

Over the course of its 150-year history, California has successfully protected its scenic wilderness areas, restricted coastal oil drilling, regulated automobile emissions, preserved coastal access, improved energy efficiency, and, most recently, addressed global climate change. How has this state, more than any other, enacted so many innovative and stringent environmental regulations over such a long period of time? This book shows why the Golden State has been at the forefront in setting new environmental standards, often leading the rest of the nation. From the establishment of Yosemite, America's first protected wilderness, and the prohibition of dumping gold-mining debris in the nineteenth century to sweeping climate-change legislation in the twenty-first, the book traces California's remarkable environmental policy trajectory. It explains that this pathbreaking role developed because California had more to lose from environmental deterioration and more to gain from preserving its stunning natural geography. As a result, citizens and civic groups effectively mobilized to protect and restore their state's natural beauty and, importantly, were often backed both by business interests and by strong regulatory authorities. Business support for environmental regulation in California reveals that strict standards are not only compatible with economic growth but can also contribute to it. The book also examines areas where California has fallen short, particularly in water management and the state's dependence on automobile transportation.

Gold mining industry in Russia and its regions

2019 ◽  
Vol 17 (10) ◽  
pp. 1822-1833
Author(s):  
Sn.P. Mongush ◽  
◽  
T.M. Oidup ◽  
Keyword(s):  
Gold Mining ◽  
Mining Industry ◽  
Its Regions
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