Much unease, distrust and criticism is being expressed in the current debate about the potential power of multinational corporations and the possibilities of abuse. What is the basis for the power of the multinationals, and what possibilities are available for controlling and limiting that power?

Do multinational enterprises act in developing countries as a motive force for progress or do they perpetuate colonialism by different means? The fierce controversy on this question still continues, fuelled not only by basic ideological differences but by dearth of empirical evidence. Prof....

Do multinational enterprises act in developing countries as a motive force for progress or do they perpetuate colonialism by different means? The fierce controversy on this question still continues, fuelled not only by basic ideological differences but by dearth of empirical evidence. Prof....

Much unease, distrust and criticism is being expressed in the current debate about the potential power of multinational corporations and the possibilities of abuse. What is the basis for the power of the multinationals, and what possibilities are available for controlling and limiting that power?

Survey studies on corporate risk management show that firms follow very diverse riskmanagement strategies. The observed behavior is difficult to reconcile with establishedhedging theories and with the standard procedure for testing them. The present paper wants tolink the discussion on risk...

This paper examines the economic exposure of German corporations to changes in the DM/US-dollar exchange-rate. Our work contributes to the existing body of literature in the following ways. Firstly, we point out conceptual problems of previous attempts to estimate economic exposure. Secondly, we...

Vorliegende Studie beschäftigt sich mit dem finanzwirtschaftlichen Risikomanagement in großen deutschen Industrie- und Handelsunternehmungen in der Praxis.

This paper reports on the an empirical study of exchange riskmanagement practices of large German non-financial corporations.

Die These der Informationseffizienz der Devisenmärkte ist in den vergangenen Jahren Gegenstand zahlreicher empirischer Studien gewesen. In den weitaus meisten dieser Untersuchungen konnte die These nicht widerlegt werden. Im vorliegenden Beitrag wurde die Bedeutung der Devisenmarkteffizienz...