Information Value, Export and Hedging
نویسندگان
چکیده
منابع مشابه
Information value, export and hedging
The paper analyzes the interactions between the precision of information, trade and welfare within a decision framework of an exporting firm. Information in a financial market is described in terms of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign exchange rate. More precise information about exchange rate changes has...
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We use hand-collected data on a sample of German public firms during 2011-2014 to show that firms use currency derivatives more often when they export or import, and especially when exchange-rate fluctuations are larger, but to a lesser extent when having high export and import shares simultaneously. We interpret this finding as evidence of operational hedging that arises as foreign-denominated...
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in the new millennium, information technology (it) has become very effective and this is becoming evident in both developed and developing countries. these areas are especially within the fields of information gathering, in the broadest sense, and of developing and strengthening networks both internal and external to the surrounding environment. today, more and more companies, organizations and...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1830162