Portfolio models for foreign exchange exposure

NL Joseph, RD Hewins

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Empirical studies on foreign exchange (FX) exposure management objectives have mainly been in terms of translation and economic (including transaction) exposures. These studies, mainly of US origin, have generally ignored the control variables which may influence the pursuit of specific objectives. Further, the possible adoption of related portfolio objectives has not been examined. By means of a survey, we consider the adoption of FX exposure management objectives among UK multinational corporations (MNCs). The emphasis is on the accounting, economic and portfolio frameworks. The variables which appear to determine exposure management objectives are identified. Further, we consider the utilisation of portfolio models among the MNCs. The survey results confirm the authors' view that there is a considerable lack of application of optimal FX portfolio models among UK MNCs.
Original languageEnglish
Pages (from-to)247-258
Number of pages12
JournalOmega
Volume19
Issue number4
DOIs
Publication statusPublished - 1991
Externally publishedYes

Keywords

  • foreign exchange
  • portfolio models

Fingerprint Dive into the research topics of 'Portfolio models for foreign exchange exposure'. Together they form a unique fingerprint.

  • Cite this