Results 261 to 270 of about 46,701 (311)

The Exchange Risks of Foreign Operations

The Journal of Business, 1972
Firms that engage in foreign operations are subject to a special type of risk. A foreign operation is obliged to hold assets, incur operating costs, and/or receive revenues whose domestic currency value will change when foreign price levels and the exchange rate change.
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Asian foreign exchange risk exposure

Journal of the Japanese and International Economies, 2004
Abstract We find that about 25 percent of Asian firms experienced economically significant exposure effects to the US dollar and 22.5 percent to the Japanese yen for the period January 1993 to January 2003. The overall extent of exposure is not sample dependent; a depreciating (appreciating) Asian currency against foreign currencies has a net ...
Muller, Aline, Verschoor, Willem
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European Foreign Exchange Risk Exposure

European Financial Management, 2006
Abstract We find that about 13% of our sample of 817 European multinational firms experienced economically significant exposure effects to the Japanese yen, 14% to the US dollar and 22% to the UK pound. Our evidence differs substantially from the US experience and is robust across sub‐sample periods, suggesting that a depreciating (appreciating) euro ...
Muller, Aline, Verschoor, Willem
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The Risk Premium in the Foreign Exchange Market

Journal of Money, Credit and Banking, 1989
This paper presents a dynamic, optimizing model of the risk premium in the forward foreign exchange market. Agents face random endowments and money growth rates. Complete insurance markets do not exist and foreign exchange is held to hedge against risk.
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The Numeraire Problem and Foreign Exchange Risk

The Journal of Finance, 1981
TRADITIONAL EXPLANATIONS of foreign exchange exposure have generally suffered from two deficiencies: the failure to place the foreign exchange problem within the context of the firm trying to maximize shareholder wealth, and the attempt to deal with exposure management on a transaction by transaction basis.
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Managing Foreign Exchange Risk

Journal of Corporate Accounting & Finance, 2007
AbstractAs the world continues to globalize, companies are increasingly exposed to consequences of changing exchange rates. What are the best ways to manage this risk? © 2008 Wiley Periodicals, Inc.
Stephen R. Goldberg, Emily L. Drogt
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ON THE EFFECTS OF EXCHANGE RISK ON THE FOREIGN EXCHANGE MARKET EFFICIENCY

International Economic Journal, 1991
In this paper we agrue that more volatility in the foreign exchange market contributes to inefficiency in that market. This hypotheses is tested empirically following a two-step procedure. In the first step degree of inefficiency in the foreign exchange market is measured for 17 developed countries using quarterly time series data over 19731-198811 ...
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PORTFOLIO THEORY AND THE PROBLEM OF FOREIGN EXCHANGE RISK

The Journal of Finance, 1978
IN HIS COMMENT ON my "Portfolio Theory and the Problem of Foreign Exchange Risk," [Journal of Finance, May 1978] Daniel Friedman has raised two points regarding my solution for an optimal portfolio of net receivables in the currency dimension. First, he observes, correctly, that my solution for an optimum configuration of net receivables does not imply
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Foreign Exchange Risks

2012
1. Function of foreign exchange transactions viewed from the international business transaction; 2. Importance of forward exchange transactions from the viewpoint of risk management of companies involved in international trade; 3.
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What is Foreign Exchange‐Risk?

Managerial Finance, 1978
The controversy between the “accounting” (“translation” or “balance‐sheet”) and the “economic” (“cash‐flow”) approaches to exchange‐risk is examined. The latter approach is advocated and a conceptual frame‐work for the cash‐flow analysis is suggested.
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