Operational Hedges and the Foreign Exchange Exposure of U.S. Multinational Corporations

Christos Pantzalis, Betty Simkins and Paul A Laux
Additional contact information
Christos Pantzalis: University of South Florida
Paul A Laux: Case Western Reserve University

Journal of International Business Studies, 2001, vol. 32, issue 4, 793-812

Abstract: This paper examines the impact of operational hedges of US multinational corporations (MNCs) on their exchange rate exposure. The two important contributions of this study are: First, it documents the importance of operational hedges as significant determinants of exchange rate risk, as measured by “breadth” and “depth” dimensions of the MNC foreign subsidiary network. Second, this finding remains robust even after examining the impact of operational hedges on exposure separately for negatively and positively exposed MNCs.© 2001 JIBS. Journal of International Business Studies (2001) 32, 793–812

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (101)

Downloads: (external link)
http://www.palgrave-journals.com/jibs/journal/v32/n4/pdf/8490995a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jibs/journal/v32/n4/full/8490995a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jintbs:v:32:y:2001:i:4:p:793-812

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2

Access Statistics for this article

Journal of International Business Studies is currently edited by John Cantwell

More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().