Benchmarking currency risk management practices of small and medium enterprises Online publication date: Fri, 25-Jun-2021
by S. Vasumathy Hariharan
International Journal of Business Excellence (IJBEX), Vol. 24, No. 3, 2021
Abstract: The burgeoning growth of small businesses in the Indian export industry warrants studies that depict the best practices in currency risk management. This study redresses the gap by developing such scale. The key variables of risk management system, exposure management, hedging decisions, derivative management and residual risk management have been identified from the literature. Residual risk management is a totally new dimension to foreign exchange risk management. Firms' uses of these variables have been tested in the form of a structured questionnaire, and a test-retest method has been used to assess reliability. A model using the main variables was constructed and tested for acceptance among the three subsectors of manufacturing, services, and trading. The study found that these variables represent the best-use practices of successful Indian exporters. The scale that was developed aids both nascent and matured firms equally with respect to understanding peer practices.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Excellence (IJBEX):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook