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The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures

Research output: Contribution to conference › Paper › Research

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The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. / Aabo, Tom.

2005. Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy.

Research output: Contribution to conference › Paper › Research

Harvard

Aabo, T 2005, 'The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures', Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy, 29/06/2005 - 02/07/2005.

APA

Aabo, T. (2005). The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy.

CBE

Aabo T. 2005. The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy.

MLA

Aabo, Tom The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. European Financial Management Association 2005 Annual Conference, 29 Jun 2005, Milan, Italy, Paper, 2005.

Vancouver

Aabo T. The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. 2005. Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy.

Author

Aabo, Tom. / The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures. Paper presented at European Financial Management Association 2005 Annual Conference, Milan, Italy.

Bibtex

@conference{8699de30abb611db965d000ea68e967b,
title = "The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures",
abstract = "This empirical study of the exchange rate exposure management of Danish non-financial firms listed on the Copenhagen Stock Exchange shows that debt denominated in foreign currency ({"}foreign debt{"}) is a very important alternative to the use of currency derivatives. The results show that the relative importance of foreign debt is positively related to (1) the extent of foreign subsidiaries, (2) the relative value of assets in place, (3) the size of the firm, and (4) the debt ratio. The pivotal role of time horizon is emphasized. These findings are important to firms in other countries with open economies.",
author = "Tom Aabo",
year = "2005",
language = "English",
note = "null ; Conference date: 29-06-2005 Through 02-07-2005",

}

RIS

TY - CONF

T1 - The importance of corporate foreign debt as an alternative to currency derivatives in actual management of exchange rate exposures

AU - Aabo, Tom

PY - 2005

Y1 - 2005

N2 - This empirical study of the exchange rate exposure management of Danish non-financial firms listed on the Copenhagen Stock Exchange shows that debt denominated in foreign currency ("foreign debt") is a very important alternative to the use of currency derivatives. The results show that the relative importance of foreign debt is positively related to (1) the extent of foreign subsidiaries, (2) the relative value of assets in place, (3) the size of the firm, and (4) the debt ratio. The pivotal role of time horizon is emphasized. These findings are important to firms in other countries with open economies.

AB - This empirical study of the exchange rate exposure management of Danish non-financial firms listed on the Copenhagen Stock Exchange shows that debt denominated in foreign currency ("foreign debt") is a very important alternative to the use of currency derivatives. The results show that the relative importance of foreign debt is positively related to (1) the extent of foreign subsidiaries, (2) the relative value of assets in place, (3) the size of the firm, and (4) the debt ratio. The pivotal role of time horizon is emphasized. These findings are important to firms in other countries with open economies.

M3 - Paper

ER -