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
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DOI - Digital Object Identifier
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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
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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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
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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
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