Corporate decision-making with macroeconomic uncertainty : performance and risk management
Author(s)
Bibliographic Information
Corporate decision-making with macroeconomic uncertainty : performance and risk management
Oxford University Press, 2008
Available at 7 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
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  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
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  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
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  United Kingdom
  Germany
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  France
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  United States of America
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
658.4-243081200800162
Note
Includes bibliographical references (p. 226-233) and index
Description and Table of Contents
Description
Very few firms make any attempt in their annual reports to inform market participants about the impact of macroeconomic developments on performance. However, the market is not oblivious to this fact, so the firm, as well as financial analysts, need to pay attention. Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management develops and presents in an easily comprehensible way the essential elements of a corporate strategy for
managing uncertainty in the macroeconomic environment. This Macroeconomic Uncertainty Strategy, or MUST, enhances firm value by allowing management and external stakeholders to distinguish between changes in the intrinsic competitiveness of the firm and changes in performance caused by macroeconomic
fluctuations. These fluctuations, manifested as changes in exchange rates, interest rates, and inflation rates, are beyond management's control, but they have a substantial impact on performance. The book includes methods to identify the impact of these fluctuations, to develop strategies for macroeconomic risk management, to develop reports to external stakeholders, to evaluate the relative performance of subsidiaries and business units in multinational companies, and to evaluate performance
as part of the due diligence process in an M & A context. The authors' use of value-based management, various performance measurements, and the concept of real options makes the book rich and compelling.
Table of Contents
Preface
1: Macroeconomic Uncertainty in a Corporate Perspective
2: Concepts of Macroeconomic Risk and Exposure
3: Traditional Approaches to Measuring Macroeconomic Exposure
4: Measuring Macroeconomic Impact on the Firm - a Comprehensive Approach
5: Measuring Macroeconomic Exposure - The Case of Volvo Cars
6: Hedging Macroeconomic Exposure
7: Strategies for Exposure Management
8: Recognizing Macroeconomic Fluctuations in Value-Based Management
9: What Shareholders Ought to Know
10: Macroeconomic Uncertainty Strategy (MUST) Analysis - a Summary
References
Index
by "Nielsen BookData"