Efetividade de hedging do boi gordo do triângulo mineiro no mercado futuro da BM&FBovespa
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Data
2012-12
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Resumo
The present study aims to analyse hedge operations of the beef cattle in
the Triangulo Mineiro in futures market of the BM&FBOVESPA. It sought to achieve
the proposed aims throughout time series of theat sign prices of beef cattle for the
region of Triangulo Mineiro and the series of the at sign prices of beef cattle on the
future market of BM&FBOVESPA in the Centre of Advanced Studies in Applied
Economies. The daily series of the prices goes from January of 2000 to May of 2011.
The base value was estimated and analysed the base value, so was the base risk, the
optimal reason and the hedge effectiveness. So, it can be concluded that operations of
hedge decreases approximately 73% of volatility risk of theat sign prices in the cash
market of beef cattle’s on TrianguloMineiro. The results obtained from the application
of the “Model of Myers and Thompson (1989)” are significantly considered in terms of
mitigation capacity of the risk in hedge operations.
Descrição
Palavras-chave
Hedge, Boi gordo, Mercado futuro, Triângulo mineiro, Hedge, Beef cattle, Future market
Citação
COSTA JÚNIOR, Marcelo Galdino et al. Efetividade de hedging do boi gordo do triângulo mineiro no mercado futuro da BM&FBovespa. Revista de Administração da UEG, Aparecida de Goiânia, v. 3, n. 2, jul./dez. 2012.