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Full-Text Articles in Engineering
Social Contagion And Knowledge Acquisition In Construction Professional Service Firms, Oluwasegun O. Seriki, Roisin Murphy
Social Contagion And Knowledge Acquisition In Construction Professional Service Firms, Oluwasegun O. Seriki, Roisin Murphy
Conference papers
The construction industry in Ireland, including professional service firms (PSF’s) operating therein, are undergoing a period of change and uncertainty driven by economic, demographic, political and technological factors. While considerable evidence exists demonstrating the relationship between environmental turbulence on organisational decision making, there remains a distinct lack of focus on behavioural patterns affecting decision-making process of construction firms. Social contagion (SC) theory asserts that the spread of ideas, attitudes, or behaviour patterns in a group is achieved through imitation and conformity, and is well established within social sciences research, and is increasingly being used to analyse organisational behaviour. However, limited …
The Efficacy Of Financial Futures As A Hedging Tool In Electricity Markets, Jim Hanly, Lucia Morales, Damien Cassells
The Efficacy Of Financial Futures As A Hedging Tool In Electricity Markets, Jim Hanly, Lucia Morales, Damien Cassells
Articles
Abstract This paper estimates and applies a risk management strategy for electricity spot exposures using futures hedging. We apply our approach to three of the most actively traded European electricity markets, Nordpool, APXUK and Phelix. We compare both optimal hedging strategies and the hedging effectiveness of these markets for two hedging horizons, weekly and monthly using both Variance and Value at Risk (VaR). Our key finding is that electricity futures can effectively manage risk only for specific time periods when using hedging strategies that have been very successful in financial and other commodity markets. More generally they are ineffective as …