Der Einfluss nicht-hedgebarer Risiken auf Export- und Risikopolitik
Udo Broll and
Swiss Journal of Economics and Statistics (SJES), 1995, vol. 131, issue I, 121-131
In this study the hedging behaviour of a competitive risk-averse exporting firm is examined which produces under exchange rate uncertainty and which owns other sources of risky income. It is shown that the well-known separation theorem holds, when a forward market for foreign exchange is available. However, unbiased forward market does not imply full-hedging by which the exporting firm avoids risk altogether, if hedgeable export revenue and non-hedgeable income are correlated.
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ses:arsjes:1995-i-5
Access Statistics for this article
Swiss Journal of Economics and Statistics (SJES) is currently edited by Rafael Lalive
More articles in Swiss Journal of Economics and Statistics (SJES) from Swiss Society of Economics and Statistics (SSES) Contact information at EDIRC.
Series data maintained by Peter Steiner ().