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
Link To Document