search query: @indexterm FOREIGN EXCHANGE / total: 493
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| Author: | Mosakowski, E. Zaheer, S. |
| Title: | The global configuration of a speculative trading operation: an empirical study of foreign exchange trading |
| Journal: | Organization Science
1999 : JUL-AUG, VOL. 10:4, p. 401-423 |
| Index terms: | ORGANIZATIONS FOREIGN EXCHANGE TRADE |
| Language: | eng |
| Abstract: | This paper proposes a theory of firm boundaries based on foreknowledge development and exploration in speculative or "informed" trading. Foreign exchange trading provides this study's empirical context. From research on information economics, the authors suggest optimal speculative trading operations are multiunit and globally dispersed. Alternatively, transaction cost economics suggests atomistic actors prevail in the market for fungible commodities like currencies. |
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