Gidari, Alessia (A.A. 2012/2013) Energy derivates and risk management. Tesi di Laurea in Advanced corporate finance, LUISS Guido Carli, relatore Raffaele Oriani, pp. 100. [Master's Degree Thesis]

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Abstract/Index

This thesis aims to provide an overview about the relevance of risk management practises and energy derivatives for the energy companies. The energy sector, characterized by a high degree of uncertainty, is particularly interesting to study this topic, because its business is highly dependent on commodity price risk exposure. The research conducted in this work will be oriented to find out how companies operating in this sector may deal with risk, and the instruments available to hedge against it. Energy derivatives will be regarded as the main hedging instruments, but if on the one hand companies may take advantage from their use, they can also become source of volatility, if they actually contribute to increase the exposure. Thereby, this thesis is also committed to describe risk management systems and quantitative tools that companies necessarily need to use in tandem with derivatives, in order to control their exposure. The goal will be that of showing the benefits that risk management may provide to energy companies and, under which conditions, energy derivatives may be effective hedging instruments.

References

Bibliografia e sitografia: pp. 94-100.

Thesis Type:	Master's Degree Thesis
Institution:	LUISS Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree Program in General Management, English language (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Oriani, Raffaele
Thesis Co-Supervisor:	Mori, Simone
Academic Year:	2012/2013
Session:	Summer
Deposited by:	Maria Teresa Nisticò
Date Deposited:	18 Dec 2013 12:41
Last Modified:	10 Apr 2017 08:59
URI:	https://tesi.luiss.it/id/eprint/10804

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