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Navigating Global Finances: An In-depth Analysis of Foreign Exchange Exposure in Multinational Companies - Insights from Industry Practitioners

Author

Listed:
  • Augustine C. Arize
  • Giuliana Campanelli Andreopoulos
  • John Malindretos
  • Alex Panayides
  • Demetri Tsanacas

Abstract

Purpose: The primary objective of this study is to investigate the behavior of practitioners in the face of global finance challenges, with a specific focus on operating foreign exchange exposure. Design/Methodology/Approach: The study relies on a survey conducted among 200 leading multinational companies listed in the Forbes 500. Findings: The results obtained from the specialized questionnaire indicate that hedging is pursued, albeit not fully but partially. Practical Implications: In conclusion, the study supports the perspective that hedging Operating Foreign Exchange Exposure is not simple; rather, it is a complex undertaking. Originality/Value: The research method is unique as it is based on a specific sample of top managers from 200 multinational companies.

Suggested Citation

  • Augustine C. Arize & Giuliana Campanelli Andreopoulos & John Malindretos & Alex Panayides & Demetri Tsanacas, 2023. "Navigating Global Finances: An In-depth Analysis of Foreign Exchange Exposure in Multinational Companies - Insights from Industry Practitioners," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 641-648.
    • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:2:p:641-648
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    More about this item

    Keywords

    Global finance; foreign exchange exposure; MNC.;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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