Belarusian Economic Research and Outreach Center

Open Lecture with Yuri Tserlukevich

BEROC arranged the Open Lecture with Yuri Tserlukevich, Associate Professor at the Arizona State University on July 10 at the IPM Business School.

In the course of the lecture Yuri Tserlukevich presented his research "Risk Management for Commodity Producers"

Abstract

Investment options may boost risk taking incentives for financially constrained firms but increase the hedging for high-net-worth firms. An application of the model predictions to the USA oil and gas producers’ data illustrates our approach. We study how observed hedging policies vary with investment options and degrees of financing constraints. It proves that our methodology has a bite in terms of providing information on firms’ risk management strategies.

After the lecture the participants had the opportunity to get information on applying and studying at the doctoral program at Arizona State University.