Volume 10, Issue 2 (summer 2006)
jwss 2006, 10(2): 1-16 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
M. Abdolahi Ezzatabadi, B. Najafi. Estimating Hedging Ratios in Agricultural Futures and Options Markets and Studying the Factors Influencing Them: A Case Study of Pistachio in Iran. jwss 2006; 10 (2) :1-16
URL: http://jstnar.iut.ac.ir/article-1-359-en.html
URL: http://jstnar.iut.ac.ir/article-1-359-en.html
Abstract: (15926 Views)
In this study, at first, different models for measuring hedge ratios in futures and options markets were introduced. Then, the models were applied to a sample of 300 Iranian pistachio producers. The results showed that hedge ratios in pistachio futures and options markets, on average, were in a range of 0.22 to 0.99. When pistachio yield is unpredictable, options market is preferred to futures market. But in certain conditions, futures market is preferable. The results also showed that debt to asset ratio had a positive effect on hedge ratio, but bank loan effect was negative.
| Rights and permissions | |
 | This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
