MA Dissertation

Shaohua, Yan (2007) MA Dissertation. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

This thesis studies the state of the use of currency derivatives in small and entrepreneurial businesses. The research concentrates on the examination of whether the literature on the use of currency derivatives differentiates between different companies with different sizes and different maturities.

The analysis makes the use of qualitative data collected from three small-sized entrepreneurial companies. Among the participated companies; two are based in the UK and one in China, and are all involved in international trading.

In general, the findings have produced a similar result of the rationales that are behind the use of currency derivatives in small and entrepreneurial businesses in comparison with their large and established counterparts. However, it is suggested the current situation of the currency derivative usage among the researched companies is not optimistic even though with an increasing level of concern over foreign exchange risks expressed by the interviewed owner-managers as well as the potential benefits of using currency derivatives. In addition, unlike the demand side of currency derivatives largely shared between all companies, the research discovers a number of distinctive features of the non-usage of currency derivatives in small and entrepreneurial companies in relation to large and established companies.

Item Type: Dissertation (University of Nottingham only)
Keywords: Foreign Exchange Risk Management
Depositing User: EP, Services
Date Deposited: 08 Apr 2008
Last Modified: 23 Oct 2016 01:56
URI: http://eprints.nottingham.ac.uk/id/eprint/20854

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