Managerial Finance: Volume 31 Issue 10

International Cash Management in the 21st century: Theory and Practice

Kojo Menyah

This paper outlines the theoretical models of international cash management and assesses their implications for corporate practice. Corporate practice is then reviewed through the…

International Cash Management and Hedging: A Comparison of UK and French Companies

John Capstaff, Andrew Marshall

Several papers have investigated the use of foreign exchange (FX) derivatives but evidence on the use of international cash management meth ods to hedge FX is scarce. This paper…

Enhancing Risk‐Controlled Returns on Excess Japanese Yen

David Vander Linden, Jeffrey D. Gramlich

This paper examines the zero‐cost risk reversal as a tool for increasing returns to excess yen while limiting risk. With domestic interest rates near zero, firms holding Japanese…

International Cash Management Practices in a Russian Multinational

Mathew Tsamenyi, Darina Skliarova

management practices in a Russian Multinational Company (RMC). The paper is motivated by the lack of empirical evidence on financial management practices outside the Western World…

Multinational Cash Management in Europe Towards Centralisation and Disintermediation: The Philips Case

Wim Wester man, Henk von Eije

Liberalisation and deregulation of financial markets, lower currency volatility and the introduction of the euro have reduced transaction and bankruptcy costs for multinationals…