Based on two different risk measurement criteria, this article studied the optimal hedging strategies of stock index futures in the case of asymmetric information, and discussed the influence of insider information on...Based on two different risk measurement criteria, this article studied the optimal hedging strategies of stock index futures in the case of asymmetric information, and discussed the influence of insider information on the hedging effect. Through simulation analysis, it can be shown that hedging people with insider information can save hedging costs to a certain extent, which also explains the reason why investors try to obtain corporate information in actual investment activities.展开更多
Introduction and Invitation DICP Symposium is a special series of interna-tional conference named after the Dalian Instituteof Chemical Physics (DICP). The DICP Symposiumwas founded with the purpose to promote the int...Introduction and Invitation DICP Symposium is a special series of interna-tional conference named after the Dalian Instituteof Chemical Physics (DICP). The DICP Symposiumwas founded with the purpose to promote the interna-tional communication and collaboration between theDICP and the international scientific community, to展开更多
Taking a total of 903 apple futures data from Zhengzhou Futures Exchange as research samples, and through unit root test, cointegration test, error correction, Granger causality test and variance decomposition with th...Taking a total of 903 apple futures data from Zhengzhou Futures Exchange as research samples, and through unit root test, cointegration test, error correction, Granger causality test and variance decomposition with the aid of Eviews 8.0, this paper made an empirical analysis on the relationship between Zhengzhou apple futures market and Chinese apple website(pingguo7.cn) spot market price. It concluded that the main continuity of apple futures has an absolute advantage over the reference value of the futures index, and apple market participants can achieve hedging through the futures and spot market.展开更多
文摘Based on two different risk measurement criteria, this article studied the optimal hedging strategies of stock index futures in the case of asymmetric information, and discussed the influence of insider information on the hedging effect. Through simulation analysis, it can be shown that hedging people with insider information can save hedging costs to a certain extent, which also explains the reason why investors try to obtain corporate information in actual investment activities.
文摘Introduction and Invitation DICP Symposium is a special series of interna-tional conference named after the Dalian Instituteof Chemical Physics (DICP). The DICP Symposiumwas founded with the purpose to promote the interna-tional communication and collaboration between theDICP and the international scientific community, to
基金Supported by General Special Scientific Research Project of Shaanxi Provincial Department of Education in 2021"Study on the Training Mode of Applied Talents in Higher Vocational Finance Discipline in the Context of Construction of Xi’an Silk Road Financial Center"(21JK0098)。
文摘Taking a total of 903 apple futures data from Zhengzhou Futures Exchange as research samples, and through unit root test, cointegration test, error correction, Granger causality test and variance decomposition with the aid of Eviews 8.0, this paper made an empirical analysis on the relationship between Zhengzhou apple futures market and Chinese apple website(pingguo7.cn) spot market price. It concluded that the main continuity of apple futures has an absolute advantage over the reference value of the futures index, and apple market participants can achieve hedging through the futures and spot market.
