10,134 research outputs found
Hedging Effectiveness under Conditions of Asymmetry
Get PDFWe examine whether hedging effectiveness is affected by asymmetry in the return distribution by applying tail specific metrics to compare the hedging effectiveness of short and long hedgers using Oil futures contracts. The metrics used include Lower Partial Moments (LPM), Value at Risk (VaR) and Conditional Value at Risk (CVAR). Comparisons are applied to a number of hedging strategies including OLS and both Symmetric and Asymmetric GARCH models. Our findings show that asymmetry reduces in-sample hedging performance and that there are significant differences in hedging performance between short and long hedgers. Thus, tail specific performance metrics should be applied in evaluating hedging effectiveness. We also find that the Ordinary Least Squares (OLS) model provides consistently good performance across different measures of hedging effectiveness and estimation methods irrespective of the characteristics of the underlying distribution.Hedging Performance; Asymmetry; Downside Risk; Value at Risk, Conditional Value at Risk. JEL classification: G10, G12, G15. ____________________________________________________________________ John Cotter, Director of Centre for Financial Markets, Department of Banking and Finance, University College Dublin, Blackrock, Co. Dublin, Ireland, tel 353 1 716 8900, e-mail [email protected]. Jim Hanly, School of Accounting and Finance, Dublin Institute of Technology, tel 353 1 402 3180, e-mail [email protected]. The authors would like to thank the participants at the Global Finance Annual Conference for their constructive comments.
Author inscription in The Chinese slave-girl: a story of woman's life in China
No full textThis edition includes a gift inscription by author Rev. J.A. Davis, "To Rev. A. G. Russell with the warmest regards of the author J.A. Davis."Davis, John Agnell, 1839-1897
Narrative based on the diaries of John Morgan
No full textScan of a typed narrative based on the diaries of John Hamilton Morgan. Includes text of numerous writings by Morgan. Author of this narrative not stated, but may have been his son, Nicholas G. Morga
Notes for corrections of John Morgan\u27s journal
No full textScan of corrections notes for a narrative based on the journal entries of John Hamilton Morgan from 1875 through 1892, covering his major missionary journeys in the Southern United States and his work in settling some of the Southern converts in the San Luis Valley of Colorado. Author of this narrative unidentified, but may have been Morgan\u27s son, Nicholas G. Morga
Typed version of John Morgan\u27s journal told in the third person (1875-1892): Part [26]
No full textScan of part of a typescript narrative based on the journal entries of John Hamilton Morgan from 1875 through 1892, covering his major missionary journeys in the Southern United States and his work in settling some of the Southern converts in the San Luis Valley of Colorado. Author of this narrative unidentified, but may have been Morgan\u27s son, Nicholas G. Morga
John Hamilton Morgan
No full textScan of a typescript with title, John Hamilton Morgan, ending at page 43, where John Morgan is en route to Salt Lake City. Author not given but probably his son, Nicholas G. Morga
The construction of Karen Karnak: The multi-author-function
No full textThis thesis is situated within the comparatively recent developments of Web 2.0 and the emergence of interactive WikiMedia, and explores the mode of authorship within a Read/Write culture compared to that of a Read/Only tradition. The hypothesis of this study is that the role of the audience has become merged with the author, and as such, represents new functions and attributes, distinct from a more conventional concept of authorship, in which the roles of audience and author are more separate. Read/Write and participatory culture, as defined by this study, is focused on collaboration, and includes the influences of D.I.Y. culture, Open-Source practices and the production of text by multiple authors. Multi-authorship presents a re-thinking of several concepts which support the notion of the individual author, since the focus of multi-authorship is not on attribution and ownership of a finished text, but on the continued malleability of a text. Modes of multi-authorship, demonstrated in the use of the pseudonyms Alan Smithee and Karen Eliot, represent declarative authors whose names signify multiple origins, whilst concurrently indicating a distinct body of work. The function of these names form an important context to this study, since primary research involves the construction of an experimental mode of multi-authorship utilising WikiMedia technology and the interaction of thirty nine participants, who are invited to create a body of work under the collective pseudonym Karen Karnak. The data generated by this experiment is analysed using aspects of Michel Foucault's author-function to identify and determine power structures inherent in the WikiMedia context. The interplay of power structures, including concepts such as identity, ownership and the body of work, affect the resulting mode of authorship and contribute to the construction of Karen Karnak, suggesting further areas of research into the emerging multi-author
A Utility Based Approach to Energy Hedging
Get PDFA key issue in the estimation of energy hedges is the hedgers’ attitude towards risk which is encapsulated in the form of the hedgers’ utility function. However, the literature typically uses only one form of utility function such as the quadratic when estimating hedges. This paper addresses this issue by estimating and applying energy market based risk aversion to commonly applied utility functions including log, exponential and quadratic, and we incorporate these in our hedging frameworks. We find significant differences in the optimal hedge strategies based on the utility function chosen.Energy; Hedging; Risk Management; Risk Aversion; Forecasting
John M. Scott with Mrs. James G. Eagle
No full textJohn M. Scott and Mrs. James G. Eagle make final plans for the Book and Author luncheon at Hotel Texas. Fort Worth Star-Telegram Morning March 22, 1964.https://mavmatrix.uta.edu/specialcollections_startelegram1960s/2428/thumbnail.jp
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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