haku: @author Aabo, T. / yhteensä: 2
viite: 2 / 2
« edellinen | seuraava »
| Tekijä: | Aabo, T. |
| Otsikko: | The importance of corporate foreign debt in managing exchange rate exposures in non-financial companies |
| Lehti: | European Financial Management
2006 : SEP, VOL. 12:4, p. 633-649 |
| Asiasana: | finance hedging exchange rates foreign debts companies Scandinavia Nordic countries Denmark |
| Kieli: | eng |
| Tiivistelmä: | This paper empirically examines the exchange rate exposure management of Danish non-financial firms listed on the Copenhagen Stock Exchange. It is shown that debt denominated in foreign currency ('foreign debt', hereafter as: f-d.) is a very important alternative to the use of currency derivatives. The results show that the relative importance of f-d. is positively related to 1. the extent of foreign subsidiaries, 2. the relative value of assets in place, and 3. the debt ratio. The pivotal role of time horizon is emphasized. |
« edellinen | seuraava »
SCIMA