The optimum behavior of a competitive risk-averse international trader who supplies or demands commodities invoiced in foreign currency is examined when his profits are subject to several forms of risk: production, domestic cost, the exchange rate and the commodity price. The focus of our study...

Empirical evidence from French exporters presented in this paper shows that the vast majority of firms follow a strategy of market concentration when market numbers or a combination of market numbers and the share of the key markets is used as an indicator. These results are at odds with many...

In a framework for risk management a model of an international firm under exchange rate uncertainty is discussed. The firm can cross-hedge the exchange rate risk by using forwards of other country's currencies correlated to the spot exchange rate in question. The study investigates the...

Usually it is argued that an increase in exchange rate volatility reduces the volume of international trade since trading firms are risk averse. This paper shows for risk neutral firms that the expected international trade volume in standardized commodities grows with exchange rate volatility....

The aim of this article is to take a critical look at how to perceive informal institutions within institutional theory. Douglas North in his early works on institutional theory divided the national institutional framework into two main categories, formal and informal institution or constraints...

Purpose - The purpose of this paper is to describe the status of culture studies within the field of international business research, and to examine how two main paradigms - essentialism and social constructivism - relate to the discourse in this field. We analyze the main points of the two...

The retail sector is one of the fastest growing sectors in India. Before 1991, the retail sector was mainly unorganized and fragmented. The rapid growth of the organized retail sector has resulted in the decreasing sales of unorganized retail outlets. Along with that, the traditional unorganized...

Vor dem Hintergrund der voranschreitenden Integration der Märkte zu einem weltumfassenden Wirtschaftssystem sowie der zunehmenden Transnationalisierung sozio-kultureller Beziehungen beschäftigen sich Sozial- und Wirtschaftswissenschafter, die die Folgen dieser Globalisierungstrends...