search query: @indexterm Strategic management / total: 1889
reference: 168 / 1889
| Author: | Grant, R. Soenen, L. |
| Title: | Strategic management of operating exposure |
| Journal: | European Management Journal
2004 : FEB, VOL. 22:1, p. 53-62 |
| Index terms: | Strategic management Exchange rates Risk management Foreign exchange |
| Language: | eng |
| Abstract: | The authors identify operating exposure as the most important and difficult to manage component of exchange risk. Their model identifies three components of foreign exchange exposure: direct operating exposure, the market demand effect, and the competitive effect. The size and relative importance of these components depends critically upon international market structure and firm strategies. |
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