haku: @indexterm Corporate finance / yhteensä: 722
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| Tekijä: | Soenen, L. A. Aggarwal, R. |
| Otsikko: | Cash and foreign exchange management. Theory and corporate practice in three countries |
| Lehti: | Journal of Business Finance and Accounting
1989 : WINTER, VOL. 16:5, p.599-619 |
| Asiasana: | FOREIGN EXCHANGE CORPORATE FINANCE CASH MANAGEMENT PLANNING BANKING |
| Kieli: | eng |
| Tiivistelmä: | The theoretical bases underlying international treasury management are presented. Practices in the area of cash and foreign exchange management for large companies located in the United Kingdom, the Netherlands and Belgium are surveyed and compared. The issues examined in the study include the degree of centralization, the use of foreign exchange forecasting in cash flow planning, banking relationships and the use of cash management services, hedging transactions and resolving conflicts function. The results indicate that corporate practices in these areas are institutionally determined, rational value-maximising responses to variable demand under changing exchange rates. |
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