haku: @author Mello, A. / yhteensä: 4
viite: 4 / 4
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| Tekijä: | Mello, A. Parsons, J. Triantis, A. |
| Otsikko: | An integrated model of multinational flexibility and financial hedging |
| Lehti: | Journal of International Economics
1995 : AUG, VOL. 39:1/2, p. 27-52 |
| Asiasana: | INTERNATIONAL ECONOMICS MODELS |
| Kieli: | eng |
| Tiivistelmä: | The authors construct a model of a multinational firm with flexibility in sourcing its production and with the ability to use financial markets to hedge exchange rate risk. Agency costs generated by the firm's capital structure create a link between the firm's financial policy and its production decisions. The firm's need for hedging is directly related to the degree of flexibility, and the production plan it chooses is a function of the hedging strategy it employs. |
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