Sökning: "currency derivatives"

Visar resultat 21 - 25 av 26 uppsatser innehållade orden currency derivatives.

  1. 21. The Determinants of Hedging with Currency Derivatives : A quantitative study on the Swedish OMX Exchange

    Magister-uppsats, Umeå universitet/Företagsekonomi

    Författare :Erik Säterborg; [2010]
    Nyckelord :hedging; derivatives; currency risk; exposure; fx; financial risk;

    Sammanfattning : Most firms are actively assessing the financial risks exposure and do determine a policy for the hedging activities. It is not solely the risk aversive attitude from the managers that need to be overlooked, but to provide sufficient information to the shareholder is desirable for minimizing the gap of information asymmetry, which is by itself considered a tool for value creation (Bergstrand et al. LÄS MER

  3. 22. The Value of Hedging

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Marcus Thorsheim; Karl-Fredrik Hansson; André Bergstrand; [2009]
    Nyckelord :currency derivatives; exchange rate risk; exchange rate risk exposure; value creation; underinvestment; financial distress; debt capacity; managerial risk aversion.; risk management; Management of enterprises; Företagsledning; management; Business and Economics;

    Sammanfattning : The purpose of this study is to investigate to what extent currency derivatives is value creating for Swedish firms, and if so, we aim towards determining the source of the value creation. The theoretical framework covers risk management theories regarding underinvestment, financial distress, tax incentives and managerial risk aversion. LÄS MER

  4. 23. Exchange rate risk in Automobile Industry: An Empirical Study on Swedish, French and German Multinational Companies.

    Magister-uppsats, Handelshögskolan vid Umeå universitet

    Författare :Lyna Alami Barumwete; Feiyi Rao; [2008]
    Nyckelord :Exchange rate risk; Hedging strategies; Risk management; Foreign Exchange exposure;

    Sammanfattning : Recently, both company executives as well as national media have claimed that short currency exchange rate fluctuations are negatively affecting the stock returns of certain firms. However, most previous studies focusing on companies in the US and Asia have been unable to find empirical support for a statistically significant linkage between firm value and exchange rate risk. LÄS MER

  5. 24. Foreign exchange risk management in multinationals : an empirical investigation on China, Japan and US

    Magister-uppsats, Handelshögskolan vid Umeå universitet (USBE)

    Författare :Lei Li; Niannian Ma; [2007]
    Nyckelord :;

    Sammanfattning : Companies especially multinational companies are now exposed to risks caused by unexpected movements in exchange rate. The management of foreign exchange risk has become essential for the survival of companies in today’s volatile financial markets. LÄS MER

  7. 25. Can Hedgin Affect Firm's Market Value : A study with help of Tobin's Q

    Kandidat-uppsats, IHH, Nationalekonomi

    Författare :Jakob Persson; [2006]
    Nyckelord :Hedging; firm-value; Tobin’s Q; currency; derivatives; ;

    Sammanfattning : Previous studies have identified that the use of currency derivatives in order to minimize the risk involved with foreign trade can also increase a firm’s value. Evidence of this can be found in a paper such as Allayannis and Weston (2001) “Use of Foreign Derivatives and Firm Market Value”, which showed that companies in the U.S. LÄS MER