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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

  • Czech description

Classification

  • Type

    J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database

  • CEP classification

  • OECD FORD branch

    50206 - Finance

Result continuities

  • Project

  • 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

  • EID of the result in the Scopus database

    2-s2.0-85160991861