Hedging strategies and performance of the US financial holding companies: A dynamic frontier analysis

Simple item page
dc.contributor.authorNourani, Mohammad
dc.contributor.authorChen, Fu-Chiang
dc.contributor.authorGurrib, Ikhlaas
dc.contributor.authorKweh, Qian Long
dc.contributor.authorWu, Yun-Hao
dc.date.accessioned2021-07-18T09:31:21Z
dc.date.available2021-07-18T09:31:21Z
dc.date.copyright© 2021
dc.date.issued2021
dc.descriptionThis article is not available at CUD collection. The version of scholarly record of this article is published in International Journal of Business Excellence (2021), available online at: https://doi.org/10.1504/IJBEX.2021.115835en_US
dc.description.abstractGlobalisation led to dynamic developments in the area of financial innovation. The main object of this study is to shed light into the relationship between hedging strategies and operational performance. We initially employed a dynamic data envelopment analysis model to incorporate carry-over items in order to assess the long-term operating performance of the top 50 US financial holding companies (FHCs) over the period 2005-2009. We then evaluated the operating performance under four different hedging measures and eight sub-industries. Findings show that significant differences exist among sub-industries on the overall mean operating performance of the US FHCs, as the financial situation changes over time. Empirically, we also provide evidence that the choice of an appropriate hedging strategy matters when it comes to operating performance. Overall, we support that choosing a suitable hedging strategy is crucial for FHCs even after a series of structural reforms following the latest global financial crisis. Copyright © 2021 Inderscience Enterprises Ltd.en_US
dc.description.sponsorshipUniversiti Sains Malaysiaen_US
dc.identifier.citationNourani, M., Chen, F., Gurrib, I., Kweh, Q. L., & Wu, Y.H. (2021). Hedging strategies and performance of the US financial holding companies: A dynamic frontier analysis. International Journal of Business Excellence, 24(3), 295-320. https://doi.org/10.1504/IJBEX.2021.115835en_US
dc.identifier.issn17560047
dc.identifier.urihttps://doi.org/10.1504/IJBEX.2021.115835
dc.identifier.urihttp://hdl.handle.net/20.500.12519/414
dc.language.isoenen_US
dc.publisherInderscience Publishersen_US
dc.relationAuthors Affiliations : Nourani, M., School of Management, Universiti Sains Malaysia, Penang, 11800, Malaysia; Chen, F.-C., Department of Accounting Information, Chihlee Institute of Technology, 313, Sec. 1, Wunhua Rd., Banciao District, New Taipei City, 22050, Taiwan; Gurrib, I., Faculty of Management, Canadian University Dubai, P.O. Box 117781, 1st Interchange, Sheikh Zayed Road, Dubai, United Arab Emirates; Kweh, Q.L., Faculty of Management, Canadian University Dubai, P.O. Box 117781, 1st Interchange, Sheikh Zayed Road, Dubai, United Arab Emirates; Wu, Y.-H., Risk Management Division, E. SUN Bank, E. SUN Financial Holding Co., Ltd., 2F, No. 115, Sec. 3, Minsheng E. Rd., Taipei, 10546, Taiwan
dc.relation.ispartofseriesInternational Journal of Business Excellence;Volume 24, Issue 3
dc.rightsPermission to reuse abstract has been secured from Inderscience Publishers
dc.rights.holderCopyright : © 2021 Inderscience Enterprises Ltd.
dc.subjectData envelopment analysisen_US
dc.subjectDEAen_US
dc.subjectDSBMen_US
dc.subjectDynamic slack-based measuresen_US
dc.subjectFHCen_US
dc.subjectFinancial holding companiesen_US
dc.subjectHedging strategiesen_US
dc.titleHedging strategies and performance of the US financial holding companies: A dynamic frontier analysisen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Access Instruction 414.pdf
Size:
56.27 KB
Format:
Adobe Portable Document Format
Description:
Download

Collections

Accounting & Finance