Information Value, Export and Hedging

The paper analyzes the interactions between the precision of information, trade and welfare within a decision framework of an exporting firm. Information in a financial market is described in terms of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign exchange rate. More precise information about exchange rate changes has ambiguous effects on trade and welfare which depend critically on technology of the firm and the degree of risk aversion

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Year of publication:	2012
Authors:	Broll, Udo
Other Persons:	Eckwert, Bernhard (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Hedging \| Informationswert \| Information value \| Theorie \| Theory \| Währungsderivat \| Currency derivative \| Außenhandelssektor \| Foreign trade sector \| Informationsverhalten \| Information behaviour \| Währungsrisiko \| Exchange rate risk \| Unvollkommene Information \| Incomplete information \| Multinationales Unternehmen \| Transnational corporation \| Risikoaversion \| Risk aversion \| Devisenmarkt \| Foreign exchange market \| Entscheidung unter Unsicherheit \| Decision under uncertainty

Extent:	1 Online-Ressource (20 p)
Series:	Dresden Discussion Paper in Economics ; No. 03/11
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 3, 2011 erstellt
Other identifiers:	10.2139/ssrn.1830162 [DOI]
Classification:	F11 - Neoclassical Models of Trade ; F23 - Multinational Firms; International Business ; G14 - Information and Market Efficiency; Event Studies ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013114808