Record Details

The Enterprise Risk Management of Foreign Exchange Exposures: Evidence from Taiwanese Hospitality Industry

Asian Journal of Economics and Empirical Research

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Field Value
 
Title The Enterprise Risk Management of Foreign Exchange Exposures: Evidence from Taiwanese Hospitality Industry
 
Creator Chiu-Ming, Hsiao,
Wei-Fang, Zhang,
Chi-Chang, Chiu,
Jung-Chang, Huang,
Yu-Ling, Huang,
 
Subject —
Foreign exchange exposures, Modern portfolio theory, Enterprise risk management.
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Description For this paper, I use the ARIMA model to study the relationship between business performance and exchange rate fluctuations. Through this model, the empirical results shows that the influences of foreign exchange rate fluctuations on the tourist hotel business performance are significant and different across currencies and firms. Furthermore, according to the framework of Kim (2013) we employ the modern portfolio theory proposed by Markowitz (1952) to give an optimal foreign exchange allocation for each tourist hotel company's financial decision-makers, which will avoid the risk of exchange rate fluctuations expose and reduce losses due to the fluctuations of exchange rates, and complete the construction of enterprise risk management system (ERM).
 
Publisher Asian Online Journal Publishing Group
 
Contributor —
 
Date 2017-09-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.asianonlinejournals.com/index.php/AJEER/article/view/1098
10.20448/journal.501.2017.41.32.48
 
Source Asian Journal of Economics and Empirical Research; Vol 4, No 1 (2017); 32-48
2409-2622
2518-010X
 
Language eng
 
Relation http://www.asianonlinejournals.com/index.php/AJEER/article/view/1098/pdf
http://www.asianonlinejournals.com/index.php/AJEER/article/view/1098/remote
 
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https://scholar.google.com/citations?view_op=view_citation&hl=en&imq=&citation_for_view=3v-9kFIAAAAJ:3NQIlFlcGxIC
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