An Operating Economic Exposure - Australian Case Study: Foster’s Group Limited Beer
AbstractThis paper uses a large Australian multinational corporation as a case study examining foreign exchange operating exposure. We firstly review the importance of operating exposure for a business and then examine in detail the company’s exposure and policies to manage the exposure. A sensitivity analysis is also conducted to examine how movements in the value of exchange rates affect the company. We conclude with some suggestions as to how the company could further protect itself from adverse movements.
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Bibliographic InfoPaper provided by School of Economics and Finance, Queensland University of Technology in its series School of Economics and Finance Discussion Papers and Working Papers Series with number 180.
Date of creation: 05 May 2004
Date of revision:
operating exposure; hedging;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jonathan Batten & Robert Mellor & Victor Wan, 1993.
"Foreign Exchange Risk Management Practices and Products Used by Australian Firms,"
Journal of International Business Studies,
Palgrave Macmillan, vol. 24(3), pages 557-573, September.
- Batten, J. & Mellor, R. & Wan, V., 1992. "Foreign Exchange Risk Management Practices and Products used by Australian Firms," Papers e9209, Western Sydney - School of Business And Technology.
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