Aabo, Tom; Ploeen, Rasmus - In: Journal of Multinational Financial Management 27 (2014) C, pp. 114-129
hedging. We argue that high levels of internationalization can reduce the need for foreign exchange hedging through …-financial German firms. Foreign exchange hedging activity peaks when half of sales (or long-term assets) is outside Europe. We do not … to document an inverse U-shape relationship between internationalization and foreign exchange hedging. …