haku: @author Crouhy, M. / yhteensä: 13
viite: 3 / 13
| Tekijä: | Crouhy, M. Briys, E. |
| Otsikko: | Playing against (with?) the devil: managing financial risks for better corporate return |
| Lehti: | European Management Journal
1993 : SEP, VOL. 11:3, p. 304-312 |
| Asiasana: | FINANCIAL RISK MANAGEMENT INTEREST RATES |
| Kieli: | eng |
| Tiivistelmä: | The message that finance cannot do much to enhance shareholder value appears to conflict with the everyday business observation that firms do care about finance - by hiring CFOs and treasurers and paying careful attention to financial strategies suggested by them. The authors discuss practical ways in which firms can benefit from a knowledge of finance. The first is to recognize that financial markets do take a long-term view and that "cash is king". Second, firms should hedge for several reasons including taxes, symmetric information, credibility with clients, employee stability, the cost of bankruptcy and borrowing costs. |
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