RANKING OF HEDGING TOOLS FROM THE PERSPECTIVE OF TEHRAN STOCK EXCHANGE INVESTORS
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 7
Abstract
This paper prioritized the hedging tools using Analytical Hierarchy Process. The research is an applied research in terms of purpose and is kind of heuristic research in terms of method. In this research, opinions of Tehran Stock Exchange experts were collected using a questionnaire that was organized based on methods of Delphi and Analytical Hierarchy Process. In the questionnaire, experts assessed hedging tools (Forward contracts, Futures contracts, Option contracts, Swap contracts and Mutual Funds) and their evaluation criteria. Data has been analyzed using Expert Choice software. Final analysis of the most appropriate hedging tool showed that future contracts and then option contracts had the highest importance, respectively. Mutual funds, swap contracts and forward contracts placed in next ranks.
Authors and Affiliations
Behrouz Lari Semnani| Assistant Professor, Department of Business Administration, Payame Noor University, Tehran, I. R. of Iran, Reihaneh Benesloo*| Master of Business Administration, Payame Noor University, Tehran, I. R. of Iran
Keywords
Related Articles
- EP ID EP2215
- DOI -
- Views 493
- Downloads 57
EXPORTS AND IMPORTS IN QATAR: EVIDENCE FROM COINTEGRATION AND ERROR CORRECTION MODEL
This paper investigates the existence of long-run relationship between exports and imports in Qatar’s economy using Johansen cointegration approach. Qatar is a small open economy that depends on the outside world for exp...
Return-Volatility Interactions in the Nigerian Stock Market
The study employed the GARCH (1, 1) and VAR models to ascertain the relationship between volatilities in the monetary policy variables and volatilities in the stock market returns in Nigeria between 1980 and 2010.The stu...
OIL PRICE VOLATILITY AND ITS CONSEQUENCES ON THE GROWTH OF THE NIGERIAN ECONOMY: AN EXAMINATION (1970-2010)
This study examines the consequences of oil price volatility on the growth of the Nigerian economy within the period 1970 to 2010. Using quaterly data and employing the VAR methodology, the study finds that of the six va...
A MACRO STRESS TEST MODEL OF CREDIT RISK FOR THE TURKISH BANKING SECTOR
Banking sector occupy an important position in the financial system. Consequently, in order to maintain financial stability in a country, financial system and major banks of the sector have importance. At this point, fin...
Tax Structure and Economic Growth in Côte d’Ivoire: Are Some Taxes Better Than Others?
This paper examines the relationships between taxation and output in Côte d’Ivoire during the period 1960-2006. The bounds testing approach to cointegration devised by Pesaran et al. (2001) showed that tax variables, exc...