haku: @author Breuer, W. / yhteensä: 8
viite: 7 / 8
| Tekijä: | Breuer, W. |
| Otsikko: | Hedging von Wechselkursrisiken mit Termingeschäften |
| Lehti: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1996 : VOL. 48:5, p. 515-529 |
| Asiasana: | FINANCIAL MANAGEMENT HEDGING RISK MANAGEMENT FORWARD EXCHANGE |
| Kieli: | ger |
| Tiivistelmä: | We develop a general characterization of variance-minimizing strategies for the use of one or more financial derivatives as hedging devices when facing foreign exchange risk. Our results are used for the derivation of a general (multi- dimensional) measure of a firm's exposure to foreign exchange risk in case of having access to several hedging instruments. Thereby, we generalize the well-known exposure concept which was originally suggested by Adler and Dumas in 1984 for measuring a firm's exchange exposure in case of hedging with forward contracts only. |
SCIMA