Purpose – The purpose of this study is to explore the influence of founder families in medium-sized manufacturing firms and to investigate the impact of such influence on risk management – more specifically foreign exchange hedging and speculation. Design/methodology/approach – This...

Empirical research has focused on export as a proxy for exchange rate exposure and the use of foreign exchange derivatives as an instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role of...

Previous studies find a monotonic positive relationship between a firm's internationalization and its foreign exchange hedging. We argue that high levels of internationalization can reduce the need for foreign exchange hedging through diversification (e.g. sales to several markets) and...

This article describes the five-year implementation of enterprise risk management at Hydro One, a Canadian electric utility in a newly deregulated market. Starting with the creation of the position of Chief Risk Officer and the implementation of a pilot risk study involving one of the firm's...

We investigate whether and how multinationality affects the opaqueness of the firm. We use multiple alternative measurements of multinationality and opaqueness. Spanning nearly three decades for a large sample of US non-financial firms, we find a statistically and economically significant,...

Purpose – To investigate the extent to which finance managers in non‐financial firms speculate in the currency markets and particularly to investigate the effect of individual‐owners on such speculation. Design/methodology/approach – This paper uses survey data in order to analyse the...

Purpose – The purpose of this study is to explore the influence of founder families in medium‐sized manufacturing firms and to investigate the impact of such influence on risk management – more specifically foreign exchange hedging and speculation. Design/methodology/approach – This...

Women are severely underrepresented in the upper echelons. We show that female CEOs score higher (lower) than their male peers on personality traits that correlate positively (negatively) with leadership. Thus, it seems that female CEOs must be more “leaderlike” to emerge and survive on a...

Purpose – The purpose of this paper is to investigate how non‐finance departmental involvement in the management of exchange rate risks impacts the extent of foreign exchange speculation in non‐financial firms. Design/methodology/approach – Non‐financial firms in a small open economy...