Empirical Investigation on Price Risk Hedging of Emerging Countries Airline Companies

Donat Sh. Dzhamaev and Vitaliy L. Okulov

No 8618, Conference Papers from Graduate School of Management, St. Petersburg State University

Abstract: The paper is an empirical investigation which goal is estimation of premiums to the market values of the companies that use price hedging instruments. The sample is comprised of the publicly traded airline companies of BRIC countries in 2000-2014. The results of the investigation suggest that the value premium for price risk hedging on the BRIC airlines market can be as large as 15% and the source of the premium can be attributed to the interaction of hedging with investment.

Keywords: risk management; hedging; price risk; airline companies; BRIC (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-rmg and nep-tre
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