4Johnson L. The theory of hedging and speculation in commodity futures [ J ]. The Review of Economic Studies, 1960,27 (3) : 139-151.
5Shaffer D R, DeMaskey A. Currency hedging using the mean-Gini framework [ J ] . Review of Quantita- tive Finance and Accounting, 2005,25 (2) : 125-137.
6Hung J- C, Chiu C- L, Lee M- C. Hedging with zero- value at risk hedge ratio [ J ]. Applied Financial Eco- nomics, 2006,16 (3) :259-269.
7Mattos F, Garcia P, Nelson C. Relaxing standard hedging assumptions in the presence of downside risk [ J ]. The Quarterly Review of Economics and Finance, 2008,48( 1 ) :78-93.
8Howard C T, D'Antonio L J. A risk-return measure of hedging effectiveness [ J ]. Journal of Financial and Quantitative Analysis, 1984,19 ( 1 ) : 101-112.
9Chen S-S, Lee C F, Shrestha K. On a mean-general- ized semivariance approach to determining the hedge ratio [ J ] . Journal of Futures Markets, 2001,21 (6) : 581-598.
10Lien D. Optimal futures heading:Quadratic versus exponential utility functions [ J ]. Journal of Futures Markets, 2007,28 (2) :208-211.
