The aim of this paper is to address the impact of E-commerce on the balance between real hedging and financial hedging in the context of exchange rate exposure management in non-financial companies. A cross-case study of industrial companies highlights the inadequacy in taking a partial and static financial approach when managing exchange rate exposures. The paper argues that the emergence of E-commerce - by reducing the cost of obtaining, analyzing and allocating information - affects the dynamics of the markets and the dynamics of the company in such a way that a general tilt towards real hedging can be foreseen.
E-business Review, 2001, p. 3-6
E-Commerce; Real Hedging; Financial Hedging; Exchange Rates
Main Research Area:
The International Academy of E-Business 2001 Annual Conference