haku: @author Pfennig, M. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Pfennig, M. Schäfer, K. |
| Otsikko: | Preisrisken bei commodities - Systematisierung und Implika- tionen für die Quantifizierung |
| Lehti: | Zeitschrift für Betriebswirtschaft
1999 : VOL. 69:5/6, p. 569-592 |
| Asiasana: | RISK MANAGEMENT FINANCIAL RISK RISK ANALYSIS |
| Kieli: | ger |
| Tiivistelmä: | In the course of a growing awareness of risk management for corporates commodity price are adressed in addition to fi- nancial risks. Commodity prices inhibit special characteris- tics which impede the straightforward transfer of methods used to quantify financial risks. One aspect of this paper is thus to derive the components of commodity risk. By ana- lyzing aluminium prices we identify the premium risk as a typical risk component of over-the-counter commodity trans- actions, which exists next to the familiar outright and spread risk components. The importance of the premium risk holds for other commodities, e.g. agricultural or energy products as well. The specific characteristics of commodity prices have the following implications for proper risk quan- tification: In the case of the outright- and spread-risk the well-known variance/covariance can be applicable. |
« edellinen | seuraava »
SCIMA