Hedging currency risks? An evaluation of smes in northern Germany
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Hedging currency risks? An evaluation of smes in northern Germany
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Hedging currency risks? An evaluation of smes in northern Germany
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS
CEP obor
—
OECD FORD obor
50206 - Finance
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2019
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
European Journal of Business Science and Technology
ISSN
2336-6494
e-ISSN
2694-7161
Svazek periodika
5
Číslo periodika v rámci svazku
2
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
14
Strana od-do
129-142
Kód UT WoS článku
—
EID výsledku v databázi Scopus
2-s2.0-85160991861