| bibtype |
J -
Journal Article
|
| ARLID |
0560025 |
| utime |
20240103230825.5 |
| mtime |
20220817235959.9 |
| SCOPUS |
85135851391 |
| WOS |
000856602000004 |
| DOI |
10.1016/j.eneco.2022.106204 |
| title
(primary) (eng) |
Marine fuel hedging under the sulfur cap regulations |
| specification |
| page_count |
11 s. |
| media_type |
P |
|
| serial |
| ARLID |
cav_un_epca*0250426 |
| ISSN |
0140-9883 |
| title
|
Energy Economics |
| volume_id |
113 |
| publisher |
|
|
| keyword |
Marine fuels |
| keyword |
Hedging |
| keyword |
IMO 2020 |
| author
(primary) |
| ARLID |
cav_un_auth*0344057 |
| name1 |
Čech |
| name2 |
František |
| institution |
UTIA-B |
| full_dept (cz) |
Ekonometrie |
| full_dept (eng) |
Department of Econometrics |
| department (cz) |
E |
| department (eng) |
E |
| country |
CZ |
| share |
50% |
| garant |
K |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| author
|
| ARLID |
cav_un_auth*0435407 |
| name1 |
Zítek |
| name2 |
M. |
| country |
CZ |
|
| source |
|
| source |
|
| cas_special |
| project |
| project_id |
GX19-28231X |
| agency |
GA ČR |
| country |
CZ |
| ARLID |
cav_un_auth*0385135 |
|
| abstract
(eng) |
This paper examines the hedging potential of crude oil financial derivatives in the marine industry and concentrates on the dependence between marine fuels and crude oil futures. We argue that marine fuel consumers and producers can reduce uncertainty regarding their portfolios under environmental regulations aimed at air pollution reduction. Our results show that uncertainty can be reduced up to 72%. In addition, we find that complex dynamic hedging strategies do not provide significant benefits compared to the static method, and asymmetries in dependence structures are not driving the results. We also identify Gasoil and Brent Crude futures as the universal hedging instruments to manage uncertainty across the global ports. |
| result_subspec |
WOS |
| RIV |
AH |
| FORD0 |
50000 |
| FORD1 |
50200 |
| FORD2 |
50202 |
| reportyear |
2023 |
| inst_support |
RVO:67985556 |
| permalink |
https://hdl.handle.net/11104/0333428 |
| cooperation |
| ARLID |
cav_un_auth*0434690 |
| name |
Institut ekonomických studií, Fakulta sociálnich věd, Univerzita Karlova |
| institution |
IES FSV UK |
| country |
CZ |
|
| confidential |
S |
| article_num |
106204 |
| mrcbC86 |
n.a. Article Economics |
| mrcbC91 |
C |
| mrcbT16-e |
ECONOMICS |
| mrcbT16-j |
1.827 |
| mrcbT16-s |
3.039 |
| mrcbT16-D |
Q1 |
| mrcbT16-E |
Q1* |
| arlyear |
2022 |
| mrcbU14 |
85135851391 SCOPUS |
| mrcbU24 |
PUBMED |
| mrcbU34 |
000856602000004 WOS |
| mrcbU63 |
cav_un_epca*0250426 Energy Economics 0140-9883 1873-6181 Roč. 113 č. 1 2022 Elsevier |
|