• DocumentCode
    2172708
  • Title

    Foreign Exchange Risk Measurement and Management of Chinese Listed Companies--Take Firms in Copper Industry as an Example

  • Author

    Li Ju ; Chen Feixiang

  • Author_Institution
    Sch. of Econ. & Manage., Tongji Univ., Shanghai, China
  • fYear
    2010
  • fDate
    24-26 Aug. 2010
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    This paper measures nominal foreign exchange exposure in listed companies in copper industry first, but finds little statistically significant as previous studies did. Then, exchange rate movements are decomposed into expected and unexpected components, so as to explain the change of companies´ value much better. Finally, the strategic hedging is suggested instead of financial hedging policies.
  • Keywords
    copper; foreign exchange trading; metallurgical industries; risk analysis; strategic planning; Chinese listed companies; copper industry; foreign exchange risk measurement; strategic hedging policy; Companies; Copper; Correlation; Exchange rates; Fluctuations; Industries;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Management and Service Science (MASS), 2010 International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4244-5325-2
  • Electronic_ISBN
    978-1-4244-5326-9
  • Type

    conf

  • DOI
    10.1109/ICMSS.2010.5577155
  • Filename
    5577155