Transaction Frequency and Hedging in Commodity Processing
This study examines the effect of transaction frequency on profit and cash flow risk for firms that periodically purchase inputs, continuously transform inputs into outputs, and periodically sell output. Soybean-processing profit and cash flows are computed for unhedged, direct-hedged, and risk-mini...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2005-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/30985 |