Next Issue
Previous Issue

Table of Contents

J. Risk Financial Manag., Volume 5, Issue 1 (December 2012), Pages 1-130

  • Issues are regarded as officially published after their release is announced to the table of contents alert mailing list.
  • You may sign up for e-mail alerts to receive table of contents of newly released issues.
  • PDF is the official format for papers published in both, html and pdf forms. To view the papers in pdf format, click on the "PDF Full-text" link, and use the free Adobe Readerexternal link to open them.
View options order results:
result details:
Displaying articles 1-5
Export citation of selected articles as:

Research

Open AccessArticle A General Empirical Model of Hedging
J. Risk Financial Manag. 2012, 5(1), 1-19; doi:10.3390/jrfm5010001
Published: 31 December 2012
Cited by 1 | PDF Full-text (224 KB) | HTML Full-text | XML Full-text
Abstract In this paper, we treat output as a decision variable. Moreover, we employ a general form of basis risk. Furthermore, we relax the statistical-independence assumption between the spot price and basis risk. Full article
Open AccessArticle Stock Returns and Risk: Evidence from Quantile
J. Risk Financial Manag. 2012, 5(1), 20-58; doi:10.3390/jrfm5010020
Published: 31 December 2012
Cited by 7 | PDF Full-text (716 KB)
Abstract
This paper employs weighted least squares to examine the risk-return relation by applying high-frequency data from four major stock indexes in the US market and finds some evidence in favor of a positive relation between the mean of the excess returns and expected
[...] Read more.
This paper employs weighted least squares to examine the risk-return relation by applying high-frequency data from four major stock indexes in the US market and finds some evidence in favor of a positive relation between the mean of the excess returns and expected risk. However, by using quantile regressions, we find that the risk-return relation moves from negative to positive as the returns’ quantile increases. A positive risk-return relation is valid only in the upper quantiles. The evidence also suggests that intraday skewness plays a dominant role in explaining the variations of excess returns. Full article
Open AccessArticle The Behaviour of Small Investors in the Hong Kong Derivatives Markets: A Factor Analysis
J. Risk Financial Manag. 2012, 5(1), 59-77; doi:10.3390/jrfm5010059
Published: 31 December 2012
PDF Full-text (170 KB) | HTML Full-text | XML Full-text
Abstract
This paper investigates the behaviour of small investors in Hong Kong’s derivatives markets. The study period covers the global economic crisis of 2011- 2012, and we focus on small investors’ behaviour during and after the crisis. We attempt to identify and analyse the
[...] Read more.
This paper investigates the behaviour of small investors in Hong Kong’s derivatives markets. The study period covers the global economic crisis of 2011- 2012, and we focus on small investors’ behaviour during and after the crisis. We attempt to identify and analyse the key factors that capture their behaviour in derivatives markets in Hong Kong. The data were collected from 524 respondents via a questionnaire survey. Exploratory factor analysis was employed to analyse the data, and some interesting findings were obtained. Our study enhances our understanding of behavioural finance in the setting of an Asian financial centre, namely Hong Kong. Full article
Open AccessArticle Modelling the Effects of Oil Prices on Global Fertilizer Prices and Volatility
J. Risk Financial Manag. 2012, 5(1), 78-114; doi:10.3390/jrfm5010078
Published: 31 December 2012
PDF Full-text (275 KB)
Abstract
The main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR
[...] Read more.
The main purpose of this paper is to evaluate the effect of crude oil price on global fertilizer prices in both the mean and volatility. The endogenous structural breakpoint unit root test, ARDL model, and alternative volatility models, including GARCH, EGARCH, and GJR models, are used to investigate the relationship between crude oil price and six global fertilizer prices. The empirical results from ARDL show that most fertilizer prices are significantly affected by the crude oil price while the volatility of global fertilizer prices and crude oil price from March to December 2008 are higher than in other periods. Full article
Open AccessArticle Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China
J. Risk Financial Manag. 2012, 5(1), 115-130; doi:10.3390/jrfm5010115
Published: 31 December 2012
PDF Full-text (518 KB) | HTML Full-text | XML Full-text
Abstract
The Bohai Economic Rim plays an important role in supporting China’s economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier
[...] Read more.
The Bohai Economic Rim plays an important role in supporting China’s economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier model, we found that the technical efficiency of selected ports is significantly influenced by the time of the initial public offering than by regional competition. The results are supportive and encouraging for policy makers to move toward the decentralized port governance in China. Full article

Journal Contact

MDPI AG
JRFM Editorial Office
St. Alban-Anlage 66, 4052 Basel, Switzerland
jrfm@mdpi.com
Tel. +41 61 683 77 34
Fax: +41 61 302 89 18
Editorial Board
Contact Details Submit to JRFM
Back to Top