VALORES DA CULTURA ORGANIZACIONAL INSTITUCIONALIZADOS NO PROCESSO DE CONSTITUIÇÃO DA ESAL (1892–1938)

  • Thiago de Oliveira Andrade
  • José Roberto Pereira
Palavras-chave: cultura organizacional, cultura protestante, memória coletiva, institucionalismo

Resumo

Dynamic hedging effectiveness for soybean farmers in Rondonópolis (MT) with futures contracts of BM&F is calculated through optimal hedge determination, using the bivariate GARCH BEKK model, which considers the conditional correlations of the prices series, comparing the results with the minimum variance model effectiveness, calculated by OLS, the unhedged and the naïve hedge positions. The financial effectiveness of the dynamic hedge model is superior and can be used by farmers for several decision making purposes such as price discovery, hedging calibration, cash flow projections, market timing, among others.
Publicado
04-04-2011
Seção
Artigos