Devisenmanagement Book by Matthias S Beck - Bookswagon
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Devisenmanagement

Devisenmanagement


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International Edition


About the Book

Mit der Internationalisierung der Unternehmenstatigkeit sehen sich die Unternehmen zu- nehmend den Risiken von Wechselkursschwankungen ausgesetzt. Die Volatilitat der Devisenmiirkte verstiirkt die Technologie-und Marktrisiken, die allein schon eine groEe Herausforderung fUr die UnternehmensfUhrung darstellen. Der Verfasser der vorliegenden Arbeit unternimmt eine urnfassende Darstellung und Systernatisierung der Wahrungsrisiken und der Moglichkeiten des Risikomanagements. Einen Schwerpunkt bildet dabei das kurzfristige Umwechslungsrisiko: die Erfassung der offenen Valutapositionen und das Risikomanagement durch Einsatz von Termin- geschaften, Option en und synthetischen Finanzierungsinstrumenten. Der Verfasser macht deutlich, daR es eine allgemeingiiltige Strategie des Devisenmanagements ange- sichts unternehmensspezifischer Gegebenheiten, Risikoeinstellungen und Organi- sationsstrukturen nicht gibt. Gleichzeitig zeigt er aber Wege eines systematischen und konsistenten Aufbaus des Devisenmanagements fUr Unternehmen auf. Die empirische Untersuchung des Verfassers zur Praxis des Devisenmanagements in der deutschen Automobil-und chemischen Industrie zeigt einen Nachholbedarf. Dies gilt mehr noch als fur die kurzfristige Wechselkurssicherung fur das Erkennen und die strategische Bewaltigung der durch Wechselkursanderungen hervorgerufenen mittel- und langfristigen Marktrisiken. Die Betonung dieser Risiken ist urn so wichtiger, als sie nicht durch Hedging an den Finanzmiirkten abzusichern sind, sondern oft einschneiden- de Anpassungen der langfristigen Unternehmenspolitik erfordern. Japanische und ame- rikanische Unternehmen beginnen bier schon, strategische Optionen zu besetzen. Angesichts der Probleme vieler Unternehmen bei der Bewaltigung von Wechselkurs- risiken und der Bedeutung eines effizienten Devisenmanagements fUr den Unterneh- menserfolg ist der vorliegenden Untersuchung, die als Diplomarbeit an meinem Lehr- stuhl angefertigt wurde, eine gute Aufnahme zu wunschen.


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Product Details
  • ISBN-13: 9783409133593
  • Publisher: Gabler Verlag
  • Publisher Imprint: Gabler Verlag
  • Edition: 1989 ed.
  • Language: German
  • Returnable: N
  • Spine Width: 9 mm
  • Weight: 313 gr
  • ISBN-10: 3409133593
  • Publisher Date: 01 Jan 1990
  • Binding: Paperback
  • Height: 244 mm
  • No of Pages: 101
  • Series Title: Schriftenreihe Für Kreditwirtschaft Und Finanzierung
  • Sub Title: Wechselkursrisiken Aus Operativer Und Strategischer Sicht
  • Width: 170 mm


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