Who Pulls the Trigger? Evidence on Corporate Currency Speculation

Research output: Contribution to conferencePaperResearchpeer-review

Standard

Who Pulls the Trigger? Evidence on Corporate Currency Speculation. / Aabo, Tom; Hansen, Marianna Andryeyeva; Pantzalis, Christos.

2010. Paper presented at 2010 FMA Annual Meeting, New York, United States.

Research output: Contribution to conferencePaperResearchpeer-review

Harvard

Aabo, T, Hansen, MA & Pantzalis, C 2010, 'Who Pulls the Trigger? Evidence on Corporate Currency Speculation', Paper presented at 2010 FMA Annual Meeting, New York, United States, 20/10/2010 - 23/10/2010. <http://www.fma.org/NY/>

APA

Aabo, T., Hansen, M. A., & Pantzalis, C. (2010). Who Pulls the Trigger? Evidence on Corporate Currency Speculation. Paper presented at 2010 FMA Annual Meeting, New York, United States. http://www.fma.org/NY/

CBE

Aabo T, Hansen MA, Pantzalis C. 2010. Who Pulls the Trigger? Evidence on Corporate Currency Speculation. Paper presented at 2010 FMA Annual Meeting, New York, United States.

MLA

Aabo, Tom, Marianna Andryeyeva Hansen and Christos Pantzalis Who Pulls the Trigger? Evidence on Corporate Currency Speculation. 2010 FMA Annual Meeting, 20 Oct 2010, New York, United States, Paper, 2010.

Vancouver

Aabo T, Hansen MA, Pantzalis C. Who Pulls the Trigger? Evidence on Corporate Currency Speculation. 2010. Paper presented at 2010 FMA Annual Meeting, New York, United States.

Author

Aabo, Tom ; Hansen, Marianna Andryeyeva ; Pantzalis, Christos. / Who Pulls the Trigger? Evidence on Corporate Currency Speculation. Paper presented at 2010 FMA Annual Meeting, New York, United States.

Bibtex

@conference{47c9e190b99611dfa47c000ea68e967b,
title = "Who Pulls the Trigger? Evidence on Corporate Currency Speculation",
abstract = "This empirical study of non-financial firms is based on a survey of 186 medium-sized, non-financial Danish firms with operating revenues and/or costs in foreign currency. We find that the involvement of non-finance departments in the management of exchange rate risks has a positive impact on currency speculation whether in the form of selective hedging or active speculation. This result adds to the literature and is important given the increasing focus on an integrated perspective on risk management in non-financial firms. We furthermore find and confirm previous studies that currency speculation is widespread also among Danish firms and that such speculation is positively related to the degree of international involvement of the specific firm.",
keywords = "Exchange rate exposure management, Corporate speculation, Selective hedging, Non-finance departmental involvement",
author = "Tom Aabo and Hansen, {Marianna Andryeyeva} and Christos Pantzalis",
year = "2010",
language = "English",
note = "null ; Conference date: 20-10-2010 Through 23-10-2010",

}

RIS

TY - CONF

T1 - Who Pulls the Trigger? Evidence on Corporate Currency Speculation

AU - Aabo, Tom

AU - Hansen, Marianna Andryeyeva

AU - Pantzalis, Christos

PY - 2010

Y1 - 2010

N2 - This empirical study of non-financial firms is based on a survey of 186 medium-sized, non-financial Danish firms with operating revenues and/or costs in foreign currency. We find that the involvement of non-finance departments in the management of exchange rate risks has a positive impact on currency speculation whether in the form of selective hedging or active speculation. This result adds to the literature and is important given the increasing focus on an integrated perspective on risk management in non-financial firms. We furthermore find and confirm previous studies that currency speculation is widespread also among Danish firms and that such speculation is positively related to the degree of international involvement of the specific firm.

AB - This empirical study of non-financial firms is based on a survey of 186 medium-sized, non-financial Danish firms with operating revenues and/or costs in foreign currency. We find that the involvement of non-finance departments in the management of exchange rate risks has a positive impact on currency speculation whether in the form of selective hedging or active speculation. This result adds to the literature and is important given the increasing focus on an integrated perspective on risk management in non-financial firms. We furthermore find and confirm previous studies that currency speculation is widespread also among Danish firms and that such speculation is positively related to the degree of international involvement of the specific firm.

KW - Exchange rate exposure management

KW - Corporate speculation

KW - Selective hedging

KW - Non-finance departmental involvement

M3 - Paper

Y2 - 20 October 2010 through 23 October 2010

ER -