Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms
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Production inflexibility together with product price uncertainty creates price risk, which is a potentially important factor for firms liquidity management. One industry for which price risk can be measured is the electricity producing industry. We use data on hourly electricity prices in 41 markets
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美国国家经济研究局创建时间：
2017-05-01
