The paper examines the economic role of modelling information on the decision problem of an exporting firm under … exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …

Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm internal communication … information levels. …

The paper examines the economic role of modelling information on the decision problem of an exporting firm under … exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …

Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation …-principal for information procurement processes. Applying the (μ,σ)-principal facilitates and enhances firm internal communication … information levels. …