haku: @author Eije, H. von / yhteensä: 2
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| Tekijä: | Eije, H. von Westerman, W. |
| Otsikko: | Multinational cash management and conglomerate discounts in the euro zone |
| Lehti: | International Business Review
2002 : AUG, VOL. 11:4, p. 453-464 |
| Asiasana: | LIBERALISM DEREGULATION CASH MANAGEMENT EUROPEAN UNION |
| Kieli: | eng |
| Tiivistelmä: | The authors discuss the impact of liberalisation, deregulation and the introduction of a single currency on cash management within multinationals in the euro zone. The developments in the euro zone reduce financial market imperfections in transferring cash and diminish the need for separate local cash holdings. This facilitates the centralisation of cash management and headquarters' financial control. Increased financial power of multinational headquarters, moreover, offers opportunities for disintermediation. By exploiting these options multinationals in the euro zone can start to reap additional benefits of internal financing and conglomerate discounts of euro zone multinationals may diminish. |
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