Hedging Time-Varying Downside Risk
One of the major functions of derivative instruments is risk reduction. A long-standing tradition in the finance literature treated the risk with a two-sided notion. Standard deviation or variance are employed to measure risk. A recent survey by Adams and Montesi (1995), however, indicated that corp...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1998
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/259 |
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| Institution: | Singapore Management University |
| Language: | English |
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