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Empirical Investigation on Price Risk Hedging of Emerging Countries Airline Companies

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  • Dzhamaev, Donat Sh.
  • Okulov, Vitaliy L.

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.

Suggested Citation

  • Dzhamaev, Donat Sh. & Okulov, Vitaliy L., 2016. "Empirical Investigation on Price Risk Hedging of Emerging Countries Airline Companies," Conference Papers 8618, Graduate School of Management, St. Petersburg State University.
    • Handle: RePEc:sps:cpaper:8618
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    File URL: https://dspace.spbu.ru/handle/11701/8618
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    Keywords

    risk management; hedging; price risk; airline companies; BRIC;
    All these keywords.

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