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Valutariskhantering vid exportaffärer: - en studie av stora svenska exportföretag
Södertörn University College, School of Business Studies.
Södertörn University College, School of Business Studies.
2007 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 points / 15 hpStudent thesis
Abstract [en]

Abstract

Business, or business decisions always involves an endangerment from the company’s aspect, but when it comes to business with foreign countries the risk profile looks quite different from the profile the company has when its doing business inside the country. Therefore, it is extremely important for an export company or import company to carefully consider the risks that are enclosed with the deal, before he makes the decision to enter a deal. One of the most important risks a company have to considerate when doing business with foreign countries is the currency risk. A company is exposed to currency risk when either long-term or short-term changes in the exchange rate may affect the result of the company, competitive position and growth. Those companies that are exposed to currency risks should take such action that will minimise these risks and thus avoid negative effects on the company’s result and growth. In practise, this is filled with both complexity and difficulties. For example, there are both internal and external restrictions that limits the company’s possibilities to effectively manage currency risks.

The Swedish export has the past years had a significant increase. This increase also means that the Swedish companies have to, even more, consider their chose of currency risk management method, because of the more exposure to currency risks. The purpose of this essay is to describe which currency risk management methods and derivative securities large Swedish export companies use in practise when doing business with foreign countries, and also to examine the reason to the companies choice of derivative security.

To answer the purpose with the essay there has been done a qualitative survey by personal interviews with respondents from six of Sweden’s largest export companies, considering the company’s turnover. The theories that have been used consider currency risks and currency risk management, and also the aspects that can affect a company’s choice of derivative security.

The conclusions that have been drawn after analysing the empirical material of the survey, are that all companies principally manage their currency risk exposure with currency forwards. The majority also uses currency swaps to a grate extent, while currency options are used within limits. The reason that the companies mostly use forwards is mainly that they bring a much smaller expense to the company, comparing to for example currency options.

Place, publisher, year, edition, pages
2007. , 46 p.
Keyword [sv]
valutarisker, valutasäkring, swapar, terminskontrakt, optioner
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-1292OAI: oai:DiVA.org:sh-1292DiVA: diva2:15357
Uppsok
samhälle/juridik
Supervisors
Available from: 2007-07-09 Created: 2007-07-09

Open Access in DiVA

fulltext(125 kB)1397 downloads
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File name FULLTEXT01.pdfFile size 125 kBChecksum MD5
95a96b0e8558bed95b214e94e6cda810725e7ecd2a8b79993e2f9fe46746329f909ab54d
Type fulltextMimetype application/pdf

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf