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Managing Exchange Rate Risk in Not-for-profit Non-governmental Organizations
[Řízení kurzových rizik v nevládních neziskových organizacích]

Author

Listed:
  • Ondřej Matyáš

Abstract

The paper explores the effective design of management control systems in terms of managing exchange rate risks for not-for-profit non-governmental organizations (NGOs). Compared to business organizations, NGOs have just limited possibilities to tackle these risks for several reasons discussed in the paper. The paper focuses on effective design of control system to manage the exchange rate risk. The basic theoretical framework is described, same as the terminology used by NGOs to set up the financial report to their donors when having to convert the project expenses from primary to reporting currency. Then, based on the case study, various reporting procedures are discussed in terms of their advantages and disadvantages related to exchange risk exposure of both the project itself and organization as a whole. Finally, the recommendations are proposed how NGOs should set their control systems in order to manage their exchange rate risk effectively.

Suggested Citation

  • Ondřej Matyáš, 2010. "Managing Exchange Rate Risk in Not-for-profit Non-governmental Organizations [Řízení kurzových rizik v nevládních neziskových organizacích]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2010(4), pages 64-80.
    • Handle: RePEc:prg:jnlcfu:v:2010:y:2010:i:4:id:87:p:64-80
    DOI: 10.18267/j.cfuc.87
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    More about this item

    Keywords

    Not-for-profit non-governmental organization; Exchange rate risk; Management control system; nevládní nezisková organizace; kurzové riziko; controlling;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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