Title :
Exchange-rate fluctuations and transaction exposure in the multinational corporation
Author_Institution :
University of California, Finance & International Business Department, Graduate School of Business Administration, Berkeley, USA
fDate :
6/1/1982 12:00:00 AM
Abstract :
Exchange-rate fluctuations can cause variations in the economic value of a firm conducting business in more than one currency. The paper examines the problem in a mean-variance framework. Strategies are derived for the preferred instrument of exchange-rate exposure management and the optimal degree of maintained exposure.
Keywords :
economics; management; economics; exchange rate fluctuations; exchange-rate exposure management; mean-variance; multinational corporation; transaction exposure;
Journal_Title :
Physical Science, Measurement and Instrumentation, Management and Education - Reviews, IEE Proceedings A
DOI :
10.1049/ip-a-1.1982.0049
