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Regular version of the site
Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Irina Nikiforova
Hedge Strategy Development
Management
(Bachelor’s programme)
2018
Managing price risks successfully requires certain methodology that consists of a set of

techniques, methods and artifacts that determine the procedure, since there are evidences

when misuse of the derivatives leads to huge losses (Kavussanos, 2016). What is more,

scholars claim that, on the base of the portfolio theory, combination hedging has been proved

to improve risk reduction substantially (Sun et al., 2018). However, risk management

nowadays faces the problem of no approved approach and acts intuitively. Speaking about

Russian companies, for many of them, price risks remain uncontrolled. This decreases firm’s

indexes and badly influence on company’s value for investors. Since in recent years main

objectives for companies are mostly connected with financial sustainability, risk managers

should not underestimate the role of hedging. Even though companies understand the

importance of hedging process, they still face the problem of choosing the right hedging

strategy. This research will answer key questions in the process of developing a certain

hedging strategy. Furthermore, it will help to get to know how to choose the right hedging

strategy.

Keywords: Currency and commodity risks; Derivatives; Hedge; Hedging strategy; Price risks

management.

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