메뉴 건너뛰기




Volumn 31, Issue 2, 1999, Pages 205-224

Do institutional investors in the UK adopt a dual strategy for managing foreign exchange risk?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0033145489     PISSN: 08908389     EISSN: None     Source Type: Journal    
DOI: 10.1006/bare.1999.0094     Document Type: Article
Times cited : (11)

References (57)
  • 2
    • 0003575117 scopus 로고    scopus 로고
    • Discussion Paper, Central Milton Keynes, ASB Publications
    • Accounting Standards Board (ASB) (1996). Derivatives and Other Financial Instruments, Discussion Paper, Central Milton Keynes, ASB Publications.
    • (1996) Derivatives and Other Financial Instruments
  • 3
    • 84944838161 scopus 로고
    • International portfolio choice and corporation finance
    • Adler, M. & Dumas B. (1983). 'International portfolio choice and corporation finance', Journal of Finance, 38, pp. 925-984.
    • (1983) Journal of Finance , vol.38 , pp. 925-984
    • Adler, M.1    Dumas, B.2
  • 4
    • 0002882625 scopus 로고
    • Universal currency hedges for global portfolios: The case for nationless currency hedge portfolios
    • Summer
    • Adler, M. & Jorion, P. (1992). 'Universal currency hedges for global portfolios: The case for nationless currency hedge portfolios', The Journal of Portfolio Management, Summer, pp. 28-35.
    • (1992) The Journal of Portfolio Management , pp. 28-35
    • Adler, M.1    Jorion, P.2
  • 6
    • 84993914912 scopus 로고
    • Firm valuation, earnings, expectations and the exchange rate exposure effect
    • Bartov, E. & Bodnar, G.M. (1994). 'Firm valuation, earnings, expectations and the exchange rate exposure effect', Journal of Finance, XLIV, 5, pp. 1755-1785.
    • (1994) Journal of Finance , vol.44 , Issue.5 , pp. 1755-1785
    • Bartov, E.1    Bodnar, G.M.2
  • 8
    • 0009040779 scopus 로고
    • Recent innovations in international banking
    • BIS, Basle
    • Bank for International Settlements (BIS) (1986). 'Recent innovations in international banking, The Cross Report', BIS, Basle.
    • (1986) The Cross Report
  • 9
    • 38249006385 scopus 로고
    • 'Exchange rate exposure and industry characteristics: Evidence from Canada, Japan and the USA
    • Bodnar, G.M. & Gentry, W.M. (1993). 'Exchange rate exposure and industry characteristics: Evidence from Canada, Japan and the USA, Journal of International Money and Finance, 12, pp. 29-45.
    • (1993) Journal of International Money and Finance , vol.12 , pp. 29-45
    • Bodnar, G.M.1    Gentry, W.M.2
  • 10
    • 0008995583 scopus 로고
    • Hedging and foreign exchange exposure
    • Booth, L.D. (1982). 'Hedging and foreign exchange exposure', Management Interaction Review, 22, pp. 26-42.
    • (1982) Management Interaction Review , vol.22 , pp. 26-42
    • Booth, L.D.1
  • 11
    • 2642532962 scopus 로고
    • Approaches to dealing with risk and uncertainty
    • Toronto
    • Boritz, J.E. (1990). 'Approaches to dealing with risk and uncertainty', CICA Research Report, Toronto.
    • (1990) CICA Research Report
    • Boritz, J.E.1
  • 13
    • 85030059865 scopus 로고
    • Using futures in asset management
    • September, 14-18
    • Cheetham, C. (1990). 'Using futures in asset management', The Treasurer, September, 14-18.
    • (1990) The Treasurer
    • Cheetham, C.1
  • 14
    • 0000153887 scopus 로고
    • The impact of risk management decisions on firm value gordon's growth model approach
    • Cho, D. (1988). 'The impact of risk management decisions on firm value Gordon's growth model approach', Journal of Risk and Insurance, 55, pp. 118-131.
    • (1988) Journal of Risk and Insurance , vol.55 , pp. 118-131
    • Cho, D.1
  • 15
    • 84953460374 scopus 로고
    • The management of currency transaction risk by UK multinational companies
    • Autumn
    • Collier, P. & Davis, E.W. (1985). 'The management of currency transaction risk by UK multinational companies', Accounting and Business Research, Autumn, pp. 327-335.
    • (1985) Accounting and Business Research , pp. 327-335
    • Collier, P.1    Davis, E.W.2
  • 16
    • 84913030032 scopus 로고
    • Report of the committee on the financial aspects of corporate governance
    • Gee (Professional Publishing Ltd.): London, UK
    • Committee on the Financial Aspects of Corporate Governance (1992). 'Report of the Committee on the financial aspects of corporate governance', The Cadbury Report, Gee (Professional Publishing Ltd.): London, UK.
    • (1992) The Cadbury Report
  • 18
    • 0001969178 scopus 로고
    • Recent developments and frustrations in the corporate reporting process
    • Courtis, J.K. (1993). 'Recent developments and frustrations in the corporate reporting process', Corporate Governance: An International Review, 1(1), pp.18-25
    • (1993) Corporate Governance: An International Review , vol.1 , Issue.1 , pp. 18-25
    • Courtis, J.K.1
  • 19
    • 38149145541 scopus 로고
    • The market model and event study methodology: A synthesis of econometric criticisms
    • Coutts, A.J., Mills, T.C. & Roberts, J. (1994) 'The market model and event study methodology: A synthesis of econometric criticisms', International Review of Financial Analysis, 3(2), pp. 149-171.
    • (1994) International Review of Financial Analysis , vol.3 , Issue.2 , pp. 149-171
    • Coutts, A.J.1    Mills, T.C.2    Roberts, J.3
  • 20
    • 0009049889 scopus 로고    scopus 로고
    • Time series and cross-section parameter stability in the market model: The implications for event studies
    • Coutts, A.J., Mills, T.C. & Roberts, J. (1997). 'Time series and cross-section parameter stability in the market model: The implications for event studies', European Journal of Finance, 3, pp. 243-259.
    • (1997) European Journal of Finance , vol.3 , pp. 243-259
    • Coutts, A.J.1    Mills, T.C.2    Roberts, J.3
  • 21
    • 0009050495 scopus 로고
    • International diversification of institutional investors
    • September
    • Davis, E.P. (1991). 'International diversification of institutional investors', Bank of England Discussion Paper, Technical Series, September, No. 44, pp. 1-54.
    • (1991) Bank of England Discussion Paper, Technical Series , vol.44 , pp. 1-54
    • Davis, E.P.1
  • 22
    • 85030058852 scopus 로고
    • The implications of foreign currency accounting on performance evaluation: A review of empirical studies
    • The Management School, University of Sheffield
    • Demirag, I.S. (1991). 'The implications of foreign currency accounting on performance evaluation: A review of empirical studies', Discussion Paper No. 91.1, The Management School, University of Sheffield, pp. 1-60.
    • (1991) Discussion Paper No. 91.1 , pp. 1-60
    • Demirag, I.S.1
  • 25
    • 0008992346 scopus 로고
    • Should firms use derivatives to manage risk?
    • W.H. Beaver & G. Parker (eds), Stanford University Financial Services Research Initiative, McGraw-Hill, USA
    • Fite, D. & Pfleiderer, P. 'Should firms use derivatives to manage risk?' (1995). In W.H. Beaver & G. Parker (eds), Risk management: Problems and solutions, pp. 139-169, Stanford University Financial Services Research Initiative, McGraw-Hill, USA.
    • (1995) Risk Management: Problems and Solutions , pp. 139-169
    • Fite, D.1    Pfleiderer, P.2
  • 27
    • 84993869036 scopus 로고
    • Currency hedging for international portfolios
    • December
    • Glen, J. & Jorion, P. (1993). 'Currency hedging for international portfolios' Journal of Finance, XLVIII(5), December, pp. 1865-1886.
    • (1993) Journal of Finance , vol.48 , Issue.5 , pp. 1865-1886
    • Glen, J.1    Jorion, P.2
  • 28
    • 0031167602 scopus 로고    scopus 로고
    • An experimental study of analysts' reactions to corporate R&D expenditure
    • June
    • Goodacre, A. & McGrath, J. (1997) 'An experimental study of analysts' reactions to corporate R&D expenditure', British Accounting Review, 29(2), June, 155-179.
    • (1997) British Accounting Review , vol.29 , Issue.2 , pp. 155-179
    • Goodacre, A.1    McGrath, J.2
  • 29
    • 4244089613 scopus 로고    scopus 로고
    • Uses of interest rate and currency swaps by financial managers
    • Research Monograph
    • Helliar, C. (1997). 'Uses of interest rate and currency swaps by financial managers', The Chartered Institute of Management Accountants, Research Monograph, pp. 1-91.
    • (1997) The Chartered Institute of Management Accountants , pp. 1-91
    • Helliar, C.1
  • 31
    • 85030077899 scopus 로고
    • Financial institutions, corporate governance and institutionalism
    • Department of Accounting and Finance, University of Glasgow Working Paper Series
    • Holland, J. (1995). 'Financial institutions, corporate governance and institutionalism', Working paper 95/3, Department of Accounting and Finance, University of Glasgow Working Paper Series, pp. 1-23.
    • (1995) Working Paper 95/3 , pp. 1-23
    • Holland, J.1
  • 32
  • 33
    • 0002394577 scopus 로고    scopus 로고
    • Financial reporting of risk: Proposals for a statement of business risk
    • The Institute of Chartered Accountants in England and Wales (ICAEW) (1998). 'Financial Reporting of Risk: Proposals for a Statement of Business Risk', ICAEW.
    • (1998) ICAEW
  • 35
    • 0002212385 scopus 로고
    • Multinationals are poor tools for diversification
    • Winter
    • Jacquillat, B. & Solnik, B. (1978). 'Multinationals are poor tools for diversification', Journal of Portfolio Management, Winter, pp. 8-12.
    • (1978) Journal of Portfolio Management , pp. 8-12
    • Jacquillat, B.1    Solnik, B.2
  • 36
    • 0000167005 scopus 로고
    • The exchange-rate exposure of US multinationals
    • July
    • Jorion, P. (1990). 'The exchange-rate exposure of US multinationals', Journal of Business, 63, July, pp. 331-345.
    • (1990) Journal of Business , vol.63 , pp. 331-345
    • Jorion, P.1
  • 37
    • 84959689656 scopus 로고
    • The pricing of exchange rate riskin the stock market
    • Jorion, P. (1991). 'The pricing of exchange rate riskin the stock market', Journal of Financial and Quantitative Analysis, 26, pp. 363-376.
    • (1991) Journal of Financial and Quantitative Analysis , vol.26 , pp. 363-376
    • Jorion, P.1
  • 38
    • 0002446938 scopus 로고
    • Mean/variance analysis of currency overlays
    • May-June
    • Jorion, P. (1994). 'Mean/variance analysis of currency overlays', Financial Analysts Journal, May-June, pp. 48-56.
    • (1994) Financial Analysts Journal , pp. 48-56
    • Jorion, P.1
  • 40
    • 0008991754 scopus 로고    scopus 로고
    • Why empirical models of foreign exchange exposure fail: Evidence from cointegration and error-correction estimations
    • Sheffield University Management School
    • Joseph, N.J. & Solomon, J.F. (1997). 'Why empirical models of foreign exchange exposure fail: Evidence from cointegration and error-correction estimations', Discussion Paper 97.12, Sheffield University Management School.
    • (1997) Discussion Paper 97.12
    • Joseph, N.J.1    Solomon, J.F.2
  • 41
    • 0002676232 scopus 로고
    • Erroneous and valid reasons for hedging foreign exchange rate exposure
    • No. 91
    • Levi, M.D. and Sercu, P. (1991). 'Erroneous and valid reasons for hedging foreign exchange rate exposure', Journal of Multinational Financial Management, 1(2), No. 91, pp. 25-37.
    • (1991) Journal of Multinational Financial Management , vol.1 , Issue.2 , pp. 25-37
    • Levi, M.D.1    Sercu, P.2
  • 44
    • 0009043183 scopus 로고    scopus 로고
    • Investors hedge their foreign bets: US institutions protect overseas investments
    • May
    • Loftus, N.V. (1996). 'Investors hedge their foreign bets: US institutions protect overseas investments', Sunday Business, Bloomberg Trading Week, May, p. 10.
    • (1996) Sunday Business, Bloomberg Trading Week , pp. 10
    • Loftus, N.V.1
  • 45
    • 0002471785 scopus 로고
    • Guidance on the dissemination of price sensitive information
    • February
    • London Stock Exchange (LSE) (1994). 'Guidance on the dissemination of price sensitive information', London Stock Exchange, February.
    • (1994) London Stock Exchange
  • 46
    • 0000905358 scopus 로고
    • Insurance and corporate risk management
    • MacMinn, R.D. (1987). 'Insurance and corporate risk management', Journal of Risk and Insurance, 54, pp. 660-677.
    • (1987) Journal of Risk and Insurance , vol.54 , pp. 660-677
    • MacMinn, R.D.1
  • 47
    • 0000824736 scopus 로고
    • Potential gains from international portfolio diversification and intertemporal stability and seasonality in international stock market relationships
    • Meric, I. & Meric, G. (1989). 'Potential gains from international portfolio diversification and intertemporal stability and seasonality in international stock market relationships', Journal of Banking and Finance, 13, pp. 627-640.
    • (1989) Journal of Banking and Finance , vol.13 , pp. 627-640
    • Meric, I.1    Meric, G.2
  • 49
    • 0002857442 scopus 로고
    • Scientific management at Merck: An interview with CFO Judy Lewent
    • January-February
    • Nichols, N.A. (1994). 'Scientific management at Merck: An interview with CFO Judy Lewent', Harvard Business Review, January-February, pp. 88-99.
    • (1994) Harvard Business Review , pp. 88-99
    • Nichols, N.A.1
  • 50
    • 84977380950 scopus 로고
    • Corporate exchange risk management: Theme and aberrations
    • Rodriguez, R.M. (1981). 'Corporate exchange risk management: Theme and aberrations', Journal of Finance, XXXVI (2), pp. 427-440.
    • (1981) Journal of Finance , vol.36 , Issue.2 , pp. 427-440
    • Rodriguez, R.M.1
  • 51
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • June
    • Schleifer, A & Vishny, R.W. (1997). 'A survey of corporate governance', Journal of Finance, LII(2), June, pp. 737-783.
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Schleifer, A.1    Vishny, R.W.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.