haku: @author Parsons, J. / yhteensä: 6
viite: 5 / 6
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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