MA Dissertation

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...

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Main Author: Shaohua, Yan
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2007
Subjects:
Online Access:https://eprints.nottingham.ac.uk/20854/
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author Shaohua, Yan
author_facet Shaohua, Yan
author_sort Shaohua, Yan
building Nottingham Research Data Repository
collection Online Access
description 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.
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spelling nottingham-208542018-02-13T12:25:58Z https://eprints.nottingham.ac.uk/20854/ MA Dissertation Shaohua, Yan 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. 2007 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/20854/1/Shao_Hua_Yan.pdf Shaohua, Yan (2007) MA Dissertation. [Dissertation (University of Nottingham only)] (Unpublished) Foreign Exchange Risk Management
spellingShingle Foreign Exchange Risk Management
Shaohua, Yan
MA Dissertation
title MA Dissertation
title_full MA Dissertation
title_fullStr MA Dissertation
title_full_unstemmed MA Dissertation
title_short MA Dissertation
title_sort ma dissertation
topic Foreign Exchange Risk Management
url https://eprints.nottingham.ac.uk/20854/