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- Title
INŻYNIERIA FINANSOWA NA RYNKACH NIEZUPEŁNYCH.
- Authors
Zaremba, Leszek
- Abstract
In his article, the author presented the theory which offers the tools enabling every company hedging itself against the risk of decline of its stock price. He started from the presentation of the unknown in the Polish-language literature mathematical model of the financial market in the form of a matrix whose each column features pay-offs from a specific financial instrument accessible in that market. He demonstrated how a financial engineer working at the analysed enterprise ABC or a bank can protect that company against the risk of a decline of its stock price by building the best possible replications of the "dreamed" by the ABC company security fully compensating the potential losses of the company. The author also provided suitable formulas and illustrated them with examples.
- Publication
Vistula Scientific Quarterly / Kwartalnik Naukowy Uczelni Vistula, 2017, Vol 53, Issue 3, p119
- ISSN
2084-4689
- Publication type
Article