Strategic Management of Operating Exposure
By: GRANT, Robert; SOENEN, Luc
.
Material type: 
ArticlePublisher: Oxford : Elsevier, February 2004European Management Journal 22, 1, p. 53-62Abstract: We identify operating exposure as the most important and difficult to manage component of exchange risk. Our model identifies three components of foreign exchange exposure: direct operating exposure, the market demand effect, the competitive effect. The size and relative importance of these components depends critically upon international market structure and firm strategies. We derive implications for managing foreign exchange exposure
No physical items for this record
We identify operating exposure as the most important and difficult to manage component of exchange risk. Our model identifies three components of foreign exchange exposure: direct operating exposure, the market demand effect, the competitive effect. The size and relative importance of these components depends critically upon international market structure and firm strategies. We derive implications for managing foreign exchange exposure
Click on an image to view it in the image viewer
There are no comments for this item.