Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms

Research output: Contribution to conferencePaperResearchpeer-review

Standard

Integrated Foreign Exchange Risk Management : The Role of Import in Medium-Sized, Manufacturing Firms. / Aabo, Tom; Høg, Esben; Kuhn, Jochen.

2009. Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy.

Research output: Contribution to conferencePaperResearchpeer-review

Harvard

Aabo, T, Høg, E & Kuhn, J 2009, 'Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms', Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy, 04/06/2009 - 05/06/2009.

APA

Aabo, T., Høg, E., & Kuhn, J. (2009). Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms. Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy.

CBE

Aabo T, Høg E, Kuhn J. 2009. Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms. Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy.

MLA

Aabo, Tom, Esben Høg and Jochen Kuhn Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms. Financial Management Association International, 2009 FMA European Conference, 04 Jun 2009, Torino, Italy, Paper, 2009. 44 p.

Vancouver

Aabo T, Høg E, Kuhn J. Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms. 2009. Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy.

Author

Aabo, Tom ; Høg, Esben ; Kuhn, Jochen. / Integrated Foreign Exchange Risk Management : The Role of Import in Medium-Sized, Manufacturing Firms. Paper presented at Financial Management Association International, 2009 FMA European Conference, Torino, Italy.44 p.

Bibtex

@conference{bae19fe0235311de95c8000ea68e967b,
title = "Integrated Foreign Exchange Risk Management: The Role of Import in Medium-Sized, Manufacturing Firms",
abstract = "Empirical research has focused on export as a proxy for the exchange rate exposure and the use of foreign exchange derivatives as the instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role of import in medium-sized, manufacturing firms in Denmark (a small, open economy). We find a strong, negative relation between import and foreign exchange derivatives usage on the aggregate level. Our findings are consistent with the notion that firms use import to match the foreign exchange exposure created by foreign sales activities.",
keywords = "Integrated Foreign Exchange Risk Management, Import, Medium-Sized Firms",
author = "Tom Aabo and Esben H{\o}g and Jochen Kuhn",
note = "Artiklen haves i ringbind p{\aa} L{\ae}sesalen - Research@asb; null ; Conference date: 04-06-2009 Through 05-06-2009",
year = "2009",
language = "English",

}

RIS

TY - CONF

T1 - Integrated Foreign Exchange Risk Management

T2 - The Role of Import in Medium-Sized, Manufacturing Firms

AU - Aabo, Tom

AU - Høg, Esben

AU - Kuhn, Jochen

N1 - Artiklen haves i ringbind på Læsesalen - Research@asb

PY - 2009

Y1 - 2009

N2 - Empirical research has focused on export as a proxy for the exchange rate exposure and the use of foreign exchange derivatives as the instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role of import in medium-sized, manufacturing firms in Denmark (a small, open economy). We find a strong, negative relation between import and foreign exchange derivatives usage on the aggregate level. Our findings are consistent with the notion that firms use import to match the foreign exchange exposure created by foreign sales activities.

AB - Empirical research has focused on export as a proxy for the exchange rate exposure and the use of foreign exchange derivatives as the instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role of import in medium-sized, manufacturing firms in Denmark (a small, open economy). We find a strong, negative relation between import and foreign exchange derivatives usage on the aggregate level. Our findings are consistent with the notion that firms use import to match the foreign exchange exposure created by foreign sales activities.

KW - Integrated Foreign Exchange Risk Management

KW - Import

KW - Medium-Sized Firms

M3 - Paper

ER -