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                                       Details for article 6 of 7 found articles
 
 
  How Do New Zealand Firms Manage Foreign Exchange Risk? Survey Evidence
 
 
Title: How Do New Zealand Firms Manage Foreign Exchange Risk? Survey Evidence
Author: Naylor, Michael J.
Marshall, Ben R.
Greenwood, Raymond
Appeared in: Journal of Asia-Pacific business
Paging: Volume 8 (2007) nr. 1 pages 51-60
Year: 2007-03-22
Contents: This paper examines the impact that the relationship between a corporation's board and treasury staff has on foreign exchange hedging policy. Using survey evidence from New Zealand non-financial firms, we find that firms with a more powerful board, more staff, and larger exposures are more likely to have a treasury policy. In addition, firms with a more powerful board are less likely to use options to hedge their exposure. Finally, the majority of firms change hedging decisions based on financial forecasts despite the evidence that these are of no value.
Publisher: Routledge
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

                             Details for article 6 of 7 found articles
 
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