Multinationals, Hedging, and Capital Structure under Exchange Rate Uncertainty
نویسندگان
چکیده
منابع مشابه
Optimal Hedging under Price , Quantity and Exchange Rate Uncertainty
After devising expectational measures of production, price and exchange rate uncertainty, this paper presents a model to derive an optimal hedging strategy for a primary producer who is subject to variability on the price and the amount of its output and on the exchange rate risk when the final proceeds of its sales are not denominated in its currency of numeraire. In this model, it is assumed ...
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Hedging is no longer an option for multinational corporations, especially during global financial crisis. This was clearly manifested in companies’ comprehensive income statement as in WalMart’s case that “During fiscal 2009, foreign currency exchange rate had a $2.3 billion unfavorable impact on the international segment’s net sales” and the company just lost $680 million in the second quarter...
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2006
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-006-4744-x