Thai hedging practices post-Asian financial crisis

Boulter, Terry and Wongchan, Vanlapa 2013, Thai hedging practices post-Asian financial crisis, Review of pacific basin financial markets and policies, vol. 16, no. 1, pp. 1-21, doi: 10.1142/S0219091513500033.

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Title Thai hedging practices post-Asian financial crisis
Author(s) Boulter, Terry
Wongchan, Vanlapa
Journal name Review of pacific basin financial markets and policies
Volume number 16
Issue number 1
Start page 1
End page 21
Total pages 21
Publisher World Scientific Publishing
Place of publication Singapore, Singapore
Publication date 2013-02-15
ISSN 0219-0915
Keyword(s) foreign exchange
multinational firms
international business
financial risk and risk management
Summary This paper provides survey evidence captured from a sample of 113 respondents to a 2008 questionnaire sent to 344 companies in Thailand. The study examines Thai hedging practices following the Asian Financial Crisis of 1997. Thai companies, like their international counterparts, rely predominantly on matching and forward contracts to hedge transaction exposure. Thai companies, however, appear to be less rigorous when it comes to internal control and supervision of derivative activity. It is recommended that Thai companies improve their risk management practices by putting into place a documented hedging policy, which includes a requirement that senior staff be actively engaged in the risk management activities of the firm.
Language eng
DOI 10.1142/S0219091513500033
Field of Research 140210 International Economics and International Finance
Socio Economic Objective 910104 Exchange Rates
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©World Scientific Publishing Co.
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Created: Fri, 22 Mar 2013, 15:49:27 EST by Aysun Alpyurek

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