The Exchange Rate Response of Credit-Constrained Exporters: The Role of Location

Borgersen, Trond-Arne

doi:10.4236/tel.2016.65096

Cited by 3 publications

(2 citation statements)

References 33 publications

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“…Figure 1 may argue that transaction risk is the most prominent type of exchange rate risk for SMEs operating in the first internationalization stages. However, focusing on exporters' location relative to funding sources and second-hand markets for capital, Borgersen (Borgersen, 2016) also bridges the gap concerning translation risk for exporting SMEs. Yeo and Lai (2004) support Dominguez and Tesar (K. M. Dominguez & Tesar, 2006) and argue that SMEs suffer a greater exchange rate risk than more prominent exporters.…”

Section: Smes Hedging Of Exchange Rate Riskmentioning

confidence: 99%

“…While separating transaction and translation risk is straightforward in theory, the balance sheet effect that translation risk represents is a potential source for pass-through variations Borgersen (2016). analyses the exchange rate response of credit constrained exporters and shows how export market behavior might be affected by balance sheet effects where, for SMEs at the beginning of the internationalization process, transaction risk might be non-negligible.…”

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Management of Exchange Rate Risk in SMEs

Badshah

Borgersen

2020

SJOM

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Exchange rate fluctuations represent a challenge for the internationalization of all firms, both big and small. This paper reflects on two aspects of the exchange rate challenge - (i) the exchange rate pass-through and (ii) hedging of exchange rate risk and how SMEs manage these two aspects of exchange rate risk. The exchange rate challenges that SMEs face might differ from the risks larger firms are exposed to, and their management of the risks might vary. In family-owned SMEs, longer planning horizons than listed firms might imply a weaker exchange rate pass-through, while smaller financial buffers might pull pass-through rules in the opposite direction for the same SMEs. When considering hedging, the paper argues for both operational hedging and external hedging to represent a management challenge for SMEs, pushing the exchange rate risk towards the forefront of the factors hampering internationalization among SMEs.

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Section: Smes Hedging Of Exchange Rate Riskmentioning

confidence: 99%

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Management of Exchange Rate Risk in SMEs

Badshah

Borgersen

2020

SJOM

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The Impacts of Joint Energy and Output Prices Uncertainties in a Mean-Variance Framework

Alghalith¹,

Niu²,

Wong³

2017

TEL

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In this paper, we analyze the impacts of joint energy and output prices uncertainties on the inputs demands in a mean-variance framework. We find that the concepts of elasticities and variance vulnerability play important roles in the comparative statics analysis. If the firms' preferences exhibit variance vulnerability, increasing the variance of energy price will necessarily cause the risk averse firm to decrease the demands for the non-risky inputs. Further, we investigate two special cases with only uncertain energy price and only uncertain output price. In the case with only uncertain energy price, we find that the uncertain energy price has no impact on the demands for the non-risky inputs. Besides, if the firms' preferences exhibit variance vulnerability, increasing the variance of energy price will surely cause the risk averse firm to decrease the demand for energy.

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Revenue Recovery System

Kumar¹,

Mehta²

2023

IJARSCT

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Revenue recovery is one of the major tasks of the government, which is used to raise the funds to be used in development process. At district level, to manage the revenue recovery system, there include many authorities from village level to district level. This online web application will ease the working of all the revenue officials from managers of different departments to Revenue Divisional Officer to District Collector. Security with respect to payments, receipts and balance sheet will be provided, since only the official authorities will be able to access them. Instant statistics of the balance sheet will be available to District Collector to examine the financial report, rate of products per quantities, amount utilized by various sectors etc. Managers, accountants as well as Revenue Divisional Officer will do their duty being more responsible since their activities would be transparent to higher authorities. The main objective of the Revenue Recovery System project is providing a completely transparent, responsive and optimized Revenue Recovery System. Another purpose is for the speedy generation of reports to maintain the monthly, quarterly, half-yearly and annual statistics. This Revenue Recovery System project will completely automate the existing system of revenue collection, reducing the burden on District Collector. The revenue collection will be become easier, speedy as well as flawless when it comes to collect revenue from heads like educational cess, stamp duty etc. Existing System: Revenue Recovery System is a tedious task when it comes to villages. All data is maintained manually and there is no transparency. So, the system is more prone to corruption. Moreover, generating any report will take a huge time and manual effort. Even after that, one cannot be sure that the data provided is complete in all respects and not missing. Further adding, it becomes very difficult to monitor at different levels like District level, Mandal level and Division level. The data flow is simply non-systematic, unsecure and highly time consuming. Proposed System: The new fully automated Revenue Recovery System will remove all the inconsistencies imparted by the existing system. All the revenue recovered reports can be generated by a single mouse click by just specifying the time frame (monthly, quarterly, half-yearly or annually). Even the graphical representation of the data over a time frame can also be generated for a better understanding of the scenario. This Revenue Recovery System software will certainly enhance the functionality of the revenue department by providing it the required transparency, responsiveness and security. It will reduce the manual effort wasted in report generation thus reducing the work load of the higher officials. As the data provided will be completely authentic, it will help in better analysis of the revenue recovered till date. With everything going flawless, work can be completed in the given time frame as well as level wise abstraction of data become easier. This software had additional advantage of storing and keeping a backup of the data

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The Exchange Rate Response of Credit-Constrained Exporters: The Role of Location

Cited by 3 publications

References 33 publications

Management of Exchange Rate Risk in SMEs

Management of Exchange Rate Risk in SMEs

The Impacts of Joint Energy and Output Prices Uncertainties in a Mean-Variance Framework

Revenue Recovery System

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