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, and 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.

Strategic management of operating exposure

GRANT, ROBERT;
2005

Abstract

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, and 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.
2005
9780754641377
P. Gangopadhyay, M. Chatterji
Economics of globalization
Grant, Robert; L., Soenen
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/2924991
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