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Keywords: Golf courses
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2007) 33 (4): 246–252.
Published: 20 March 2007
... approach to meet the objectives above, focusing on golf courses in the Midwest USA, which provide perfect examples of businesses with seasonal cash flows. Findings – It is shown that a firm can reduce its revenue volatility by up to 80 per cent. Weather derivatives are important additions to firm...
