Foreign Exchange Risk Management in SME in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Foreign Exchange Risk Management in SME in the Czech Republic

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Foreign Exchange Risk Management in SME in the Czech Republic

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název statě ve sborníku

Advances in Finance and Accounting

ISBN

978-1-61804-124-1

ISSN

2227-460X

e-ISSN

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Počet stran výsledku

6

Strana od-do

110-115

Název nakladatele

WSEAS Press

Místo vydání

Praha

Místo konání akce

Zllín

Datum konání akce

20. 9. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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