Study of the necessity for the temperature risk hedge in area and firm

区域和企业温度风险对冲必要性研究

• 批准号: 20730215
• 负责人: TEE Kianheng
• 金额: $ 1.41万
• 依托单位: Iwate Prefectural University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Young Scientists (B)
• 财政年份: 2008
• 资助国家: 日本
• 起止时间: 2008 至 2010
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-20730215/
• 关键词: 天候デリバティブ; 気温リスクヘッジ; オプション理論; Burning Cost法; 確率分布法; 異常気象; 会社四季報; Burnin Cost法; 気温オプション; 猛暑・冷夏; 厳冬・暖冬; 冷夏; 暖冬

The corporate earnings are influenced of abnormal weather. In order to bring stable earnings, it is necessary to avoid the weather risk. Although the weather derivatives which considered most effective to avoid the risk are introduced into Japan in 1999 and the market is expanded gradually, it cannot be said that transaction volume is briskly. This study investigated the relationship between abnormal weather and the enterprise, and was understood that there are more enterprises influenced of abnormal weather in summer. Moreover, from analysis of the compensation and price of weather derivatives, it turned out that it is necessary to design the weather derivatives for each area in winter rather than summer.

公司收入受到异常天气的影响。为了带来稳定的收入，有必要避免天气风险。尽管认为最有效避免风险的天气衍生物是在1999年引入日本并逐渐扩大的，但不能说交易量很快。这项研究调查了天气异常与企业之间的关系，并据了解，夏季有更多的企业影响了天气异常。此外，从对天气衍生品的薪酬和价格分析中，事实证明，有必要在冬季而不是夏季设计每个区域的天气衍生物。

项目成果

地域における気温オプションの分析

区域温度选择分析

• 发表时间: 2009
• 期刊: 日本金融・証券計量・工学工学学会冬季大会予稿集
• 作者: Tee KianHeng

地域間における気温オプションの分析

跨地区温度选择分析

• 发表时间: 2009
• 作者: Tee KianHeng;Tee KianHeng;Tee KinanHeng
• 通讯作者: Tee KinanHeng