RANKING OF HEDGING TOOLS FROM THE PERSPECTIVE OF TEHRAN STOCK EXCHANGE INVESTORS
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 7
Abstract
This paper prioritized the hedging tools using Analytical Hierarchy Process. The research is an applied research in terms of purpose and is kind of heuristic research in terms of method. In this research, opinions of Tehran Stock Exchange experts were collected using a questionnaire that was organized based on methods of Delphi and Analytical Hierarchy Process. In the questionnaire, experts assessed hedging tools (Forward contracts, Futures contracts, Option contracts, Swap contracts and Mutual Funds) and their evaluation criteria. Data has been analyzed using Expert Choice software. Final analysis of the most appropriate hedging tool showed that future contracts and then option contracts had the highest importance, respectively. Mutual funds, swap contracts and forward contracts placed in next ranks.
Authors and Affiliations
Behrouz Lari Semnani| Assistant Professor, Department of Business Administration, Payame Noor University, Tehran, I. R. of Iran, Reihaneh Benesloo*| Master of Business Administration, Payame Noor University, Tehran, I. R. of Iran
Keywords
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- EP ID EP2215
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