IDEAS home Printed from https://ideas.repec.org/a/eee/eurman/v22y2004i1p53-62.html
   My bibliography  Save this article

Strategic Management of Operating Exposure

Author

Listed:
  • Grant, Robert
  • Soenen, Luc

Abstract

We identify operating exposure as the most important and difficult to manage component of exchange risk. Our model identifies three components of foreign exchange exposure: direct operating exposure, the market demand effect, and the competitive effect. The size and relative importance of these components depends critically upon international market structure and firm strategies. We derive implications for managing foreign exchange exposure.

Suggested Citation

  • Grant, Robert & Soenen, Luc, 2004. "Strategic Management of Operating Exposure," European Management Journal, Elsevier, vol. 22(1), pages 53-62, February.
  • Handle: RePEc:eee:eurman:v:22:y:2004:i:1:p:53-62
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0263237303001634
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eurman:v:22:y:2004:i:1:p:53-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/115/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.