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

dc.contributor.author Nourani, Mohammad
dc.contributor.author Chen, Fu-Chiang
dc.contributor.author Gurrib, Ikhlaas
dc.contributor.author Kweh, Qian Long
dc.contributor.author Wu, Yun-Hao
dc.date.accessioned 2021-07-18T09:31:21Z
dc.date.available 2021-07-18T09:31:21Z
dc.date.copyright © 2021
dc.date.issued 2021
dc.description This 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.2021.115835 en_US
dc.description.abstract Globalisation 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.sponsorship Universiti Sains Malaysia en_US
dc.identifier.citation Nourani, 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.2021.115835 en_US
dc.identifier.issn 17560047
dc.identifier.uri https://doi.org/10.1504/IJBEX.2021.115835
dc.identifier.uri http://hdl.handle.net/20.500.12519/414
dc.language.iso en en_US
dc.publisher Inderscience Publishers en_US
dc.relation Authors 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.ispartofseries International Journal of Business Excellence;Volume 24, Issue 3
dc.rights Permission to reuse abstract has been secured from Inderscience Publishers
dc.rights.holder Copyright : © 2021 Inderscience Enterprises Ltd.
dc.subject Data envelopment analysis en_US
dc.subject DEA en_US
dc.subject DSBM en_US
dc.subject Dynamic slack-based measures en_US
dc.subject FHC en_US
dc.subject Financial holding companies en_US
dc.subject Hedging strategies en_US
dc.title Hedging strategies and performance of the US financial holding companies: A dynamic frontier analysis en_US
dc.type Article en_US
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