Managerial Finance: Volume 28 Issue 11

The nature and determinants of the economic currency exposure of non‐financial UK firms

Peter Moles, Katrina Bradley

This study examines the sensitivity of sales, profit margins and input costs to exchange rate movements for non‐financial, UK firms. The sample is a representative cross‐section…

Exploring real exchange rate effects on trade balances in Thailand

Tantatape Brahmasrene, Komain Jiranyakul

This study investigates the impact of real exchange rates on the trade balances between Thailand and its major trading partners. Previous empirical evidence gave mixed results of…

Managing strategic exchange rate exposures: evidence from UK firms

Katrina Bradley, Peter Moles

The effect of exchange rate movements on firm value is important to firms engaged in international transactions. These accounting exposures can be managed using financial…

The organisation of foreign exchange risk management: a three‐country study

P.A. Belk

This paper reports on some of the results obtained from three contemporaneous in‐depth studies conducted with multinational corporations in the UK, the US and Germany. It focuses…

Why firms in the UK use interest rate derivatives

Abimbola Adedeji, Richard Baker

Evidence reported by Geczy, Minton and Schrand (1997) showed that foreign exchange risk had a significant influence on the use of currency derivatives but that interest cover and…