Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 18 of 18 for “"Foreign Exchange Risk"”.
-
Foreign exchange risk management in UK multinational companies.
While there have been a number of studies of foreign exchange risk management in UK Multinational Companies (MNCs), the management of economic exposure has received very little attention. The aim of this study was to describe the management of economic exposure (and its relationship to transaction …
-
The determinants of the foreign exchange risk hedging practices of Saudi companies.
… of corporate hedging of exposure to changes in exchange rate. A new finance and contingency theory model of currency exposure management decision determinants is developed and tested by conducting a two stages survey of Saudi exporting and importing firms. This model suggests that the currency …
-
The management of foreign exchange risk by listed companies: an empirical study
This study explored the foreign exchange risk management practices by JSE-listed companies, specifically non-financial companies. The investigation was based on the experienced practices in 2015. A web-based survey was used to source data from the population and yielded a 37% response rate. …
-
Foreign exchange risk exposure, hedging behaviour, and corporate valuations: Evidence from South Africa
… and finance literature documents a so-called exchange rate exposure puzzle. The exchange rate exposure puzzle refers to the apparent lack of empirical support for theories posited in the finance literature which predict that in the advent of an increasingly globalising world economy, …
-
The significance of foreign exchange risk in the international real estate securities investment
… mainly conducted through direct investments in foreign properties. Due to the recent securitization and globalization trends in the real estate capital markets, the international real estate securities investment has been growing fast and gaining more popularity than the direct real estate …
-
Dynamic analysis of an open economy and foreign exchange risk management using path-dependent options
… gains for all economies but poses short-run risks for firms operating in international arenas. Recession, inflation, interest rates and exchange rates in a foreign nation impact multinational firms with business interests in that nation, and ultimately affect the domestic economies of such …
-
Foreign exchange risk exposure of Canadian domestic, exporting and multinational firms : market and industry effects on bilateral and multilateral exchange rates
… hypothesis of an existing relationship between exchange rate movements and stock returns is primarily attributed to research design drawbacks. In the present study we address the research design problem from a relatively new perspective, suggesting changes to the market index variable and to the …
-
Volatility swaps and their use in currency risk management
… of international investing is that, although foreign investments deliver diversification benefits that help to decrease the asset risk of a portfolio, they also introduce foreign exchange risk. Classic hedging instruments used to hedge this risk have the drawback of hedging not only the risk …
-
An investigation into the use of derivative by 104 of the smallest companies on the main board of the JSE as well as those companies listed on the ALTX
… companies listed on the Johannesburg Stock Exchange (JSE). The size of the company is measured in terms of its market capitalisation. The sample of companies chosen for review is roughly comparable to the small companies referred to in the studies of Bodnar, Hayt, Marston and Smithson (1995) …
-
Foreign Exchange Rate Transaction Exposure in Emerging Insurance Markets: A Model of the Egyptian Insurance Market.
… they can use to create common hedge(s) to manage foreign exchange risk. This is the first empirical study to focus on the limitations when modelling foreign exchange rate transaction exposure in emerging insurance markets. This work is based on the cash flow methodology proposed by Martin and …
-
Hedging against exporting costs and risks in the South African extractive industry
… This occurred due to the diminishing fixed exchange rate systems of, initially, the Gold Standard and subsequently the Bretton Woods System. The collapse of these systems, especially the Bretton Woods System, led to the almost free movement of exchange rates. The lack of restriction placed …
-
Africa’s National Development Banks: Lessons from Côte d’Ivoire and Rwanda
… highly deficient. Besides government officials, foreign players such as bilateral and multilateral institutions also influence the ability and the willingness of NDBs to accomplish their mission. The thesis finds that NDBs in Côte d’Ivoire and Rwanda have an outsized role in promoting the …
-
Foreign exchange hedging and profit making strategy using leveraged spot contracts
Australia currently adopts the floating exchange rate system; therefore the value of the Australian dollar is subject to volatility due to the influence of changing domestic and international economic circumstances. This volatility of the Australian exchange rate system is an issue that affects the …
-
Supervisory Risk Assessment in a Basel Environment:The Stress Testing of Banks in Botswana
… macroeconomic vulnerability and banking sector risks and hence intensifies the need to ensure that banks have sufficient capital holdings at all times. The study adopts an accounting-based approach to stress testing by applying shocks for credit, interest rate, foreign exchange and liquidity …
-
Essays in International Finance and the Global Financial Crisis
… recent financial crisis. Chapter one links the foreign exchange risk premium to macroeconomic risk by studying the options market around macroeconomic news releases. Using a unique data set of overnight currency option prices, I study the reaction of the entire state price density to both …
-
Understanding factors for investment into South African diaspora bonds: an extended theory of planned behaviour
… largely shaped by conditionalities pertaining to risk and benefit realisation. Further economic, institutional and regulatory reform is needed to attract investors towards South African diaspora bonds. The main attitudinal motives are underpinned by (i) patriotism with varying conditionalities, …
-
Modelo de selección de cobertura cambiaria para la implementación en la Compañía Química Fina S.A.
El objetivo de este trabajo es elegir un procedimiento de cobertura cambiaria utilizando derivados financieros para su implementación en la compañía Química Fina S.A. Primero, se van a examinar diversos procedimientos para la gestión del riesgo cambiario en empresas importadoras, luego, se van a …