Hedging currency risks? An evaluation of smes in northern Germany
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F19%3A43923658" target="_blank" >RIV/62156489:43110/19:43923658 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.11118/ejobsat.v5i2.177" target="_blank" >https://doi.org/10.11118/ejobsat.v5i2.177</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/EJOBSAT.V5I2.177" target="_blank" >10.11118/EJOBSAT.V5I2.177</a>
Alternative languages
Result language
angličtina
Original language name
Hedging currency risks? An evaluation of smes in northern Germany
Original language description
One of the important issues for companies is liquidity from domestic and foreign trade. The market is classically defined by the number of available markets. Globalization and free trade zones set up the foreign market, which becomes increasingly important - even for SMEs. This paper analyzed approx. 60,000 bank transactions with foreign reference of Northern German SMEs by using Chi-square test and correlation analysis. The analysis proofs that an increasing number of foreign transfers increases the number of foreign currency accounts per company. The results also show that despite the existence of currency hedging tools, a significant proportion of SMEs continues to expose themselves to currency risk. The willingness to manage currency risks increases with the increase in value per transaction. Transactions with a value of less than EUR 10,000 are often transferred abroad in EUR instead of in foreign currency.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
European Journal of Business Science and Technology
ISSN
2336-6494
e-ISSN
2694-7161
Volume of the periodical
5
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
14
Pages from-to
129-142
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85160991861