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Management of Foreign Exchange Risk in the U.S. Multinationals

Published online by Cambridge University Press:  19 October 2009

Extract

The thoughts presented in this paper were developed during the first stage of an ongoing research project. This project is designed to shed light on the management of the size and exchange composition of financial assets and liabilities in the U.S. multinational companies (MNCs). The study also intends to analyze the impact of these policies on the international and national financial markets.

Type
Financing the Multinational Firm
Copyright
Copyright © School of Business Administration, University of Washington 1974

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References

1 One must notice that this simplifies the organization of the multinational company to a two-tiered one composed of subsidiaries and parent company. In most cases numerous intermediary layers exist within various organization frameworks, e.g., by product, by function, etc.

2 By the word “aggressiveness” we do not wish to imply any moral overtone that might be associated with the word “aggression.” An alternative word would be “offensiveness” in the context of defensive and offensive behavior within football parlance. However, outside the sports arena, “offensive” usually carries a negative connotation.