Lee, F.M. and Marshall, A.P. and Szto, Y.K. and Tang, J. (2001) The practice of financial risk management: an international comparison. Thunderbird International Business Review, 43 (3). pp. 365-375. ISSN 1096-4762Full text not available in this repository. (Request a copy from the Strathclyde author)
The objective of this article is to simultaneously survey the practice of risk management of large UK, US, and Asia Pacific multinational companies. The article investigates whether risk management practices vary internationally. A number of interregional differences in the organization of risk management, a greater emphasis on decentralized structures in the Asia Pacific and less formal board control over risk management in US MNCs is found. In terms of the tools of risk management there were differences internationally in the concerns in choosing derivatives, driven to some extent by differences in the accounting treatment internationally. However, there was little variation in the methods of forecasting exchange rates and the majority of MNCs in all regions use a central risk management system.
|Keywords:||risk management, financial management, business, Commerce, Business and International Management, Political Science and International Relations, Geography, Planning and Development|
|Subjects:||Social Sciences > Commerce|
|Department:||Strathclyde Business School > Accounting and Finance|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||01 Mar 2008|
|Last modified:||06 Jan 2017 04:36|