Broll, Udo; Wahl, Jack - In: Swiss Journal of Economics and Statistics (SJES) 131 (1995) I, pp. 121-131
In this study the hedging behaviour of a competitive risk-averse exporting firm is examined which produces under exchange rate uncertainty and which owns other sources of risky income. It is shown that the well-known separation theorem holds, when a forward market for foreign exchange is...