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Foreign Exchange Risk Management in SME in the Czech Republic

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F12%3A43868469" target="_blank" >RIV/70883521:28120/12:43868469 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Foreign Exchange Risk Management in SME in the Czech Republic

  • Original language description

    The paper is focused on the topic of currency risk management. Many companies are facing the problem of hedging foreign exchange risk under the exigent circumstances of current financial crisis. The Czech economy is relatively open and export-oriented, which gives wide range for currency risk and potential losses. The aim of the paper is to find out and analyze, if Small and Middle Enterprises (SMEs) in the Czech Republic were using financial derivates for hedging foreign exchange risk and which ones. The questioner survey was processed by basic statistical methods. This research outlines the issue of hedging, which could be either financially unattainable or much too difficult for many SMEs in the Czech Republic. The trend of CZK/EUR in 2012, mainly affected by the financial crisis in Eurozone, gives more opportunities for using financial derivates such as forwards, currency options and swaps to protect assets and liabilities against higher exchange rate volatility. SMEs in the Czech

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AE - Management, administration and clerical work

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Others

  • Publication year

    2012

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Advances in Finance and Accounting

  • ISBN

    978-1-61804-124-1

  • ISSN

    2227-460X

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

    110-115

  • Publisher name

    WSEAS Press

  • Place of publication

    Praha

  • Event location

    Zllín

  • Event date

    Sep 20, 2012

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article