...Talat Afza; Atia Alam Purpose The purpose of this paper is to identify the factors affecting firms' decision to use foreign exchange (FX) derivative instruments by using the data of 86 non‐financial firms listed on Karachi Stock Exchange for the period 2004‐2007. Design/methodology/approach...

...Alper Ozun; Erman Erbaykal Purpose The purpose of this paper is to analyze cointegration and causality relationships between spot and futures markets in Turkish foreign‐exchange markets. Design/methodology/approach The research employs Bounds cointegration test and Toda‐Yamamoto causality test...

...Rajeshwar Sirpal Purpose The purpose of this paper is to examine various methods of payment and foreign‐exchange risk management among firms involved in either export or import trade only, or both in Brunei Darussalam. The paper also seeks to delineate the relationship(s) between various...

...Rashid Ameer Purpose This paper aims to examine the state of risk management practices among Malaysian listed firms and evaluates the value‐relevance of the notional amount of foreign‐exchange and interest‐rate derivatives (FCDs) used by listed firms over the period 2003‐2007. Design...

... outlay is thus an avoidable loss. Söhnke M. Bartram can be contacted at: s.m.bartram@lancaster.ac.uk © Emerald Group Publishing Limited 2007 Corporate finances Risk management Foreign exchange Nonfinancial firms increasingly employ risk management to shield their performance...

... management behaviour in the North Cyprus banking sector. Originality/value This analysis would appear to be the first systematic evidence that investigates the effect of a speculative pressure on Turkish Lira in the North Cyprus banking sector. Cyprus Turkey Banking Foreign exchange Market forces...

... This study found that the three most important types of risk facing the UAE commercial banks are foreign exchange risk, followed by credit risk, then operating risk. It also found that the UAE banks are somewhat efficient in managing risk, and risk identification and risk assessment and analysis are the most...

...Mazin A.M. Al Janabi Purpose It is the purpose of this article to empirically test the risk parameters for larger foreign‐exchange portfolios and to suggest real‐world policies and procedures for the management of market risk with the aid of value at risk (VaR) methodology. The aim of this article...

... potential for other markets such as foreign exchange, fixed income and commodities. Research limitations/implications The research has implications for risk professionals as a generic approach to trading anomaly detection. The prototype compliance workstation can be trialed. Originality/value...

...Mazin A.M. Al Janabi Purpose The aim of this paper is to fill a gap in the foreign‐exchange trading risk‐management literature and particularly from the perspective of emerging and illiquid markets, such as in the context of the Moroccan foreign‐exchange market. Design/methodology/approach...

...Joshua Abor Purpose This paper reports on the foreign exchange risk‐management practices among Ghanaian firms involved in international trade. The study focuses on how Ghanaian firms manage their foreign exchange risk and the problems involved in managing exchange rate exposure. It also seeks...