thesis

Prévention et couverture du risque de change : fondements et formulation des choix pour l'entreprise exportatrice française

Defense date:

Jan. 1, 1987

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Institution:

Rouen

Disciplines:

Economics

Authors:

Directors:

Abstract EN:

This work deals with bases and expression of the french exporter's decision, in the matter of foreign exchange risk management. Founded upon empirical observation of individual behaviours, the purpose in to identify operational decision making models for the firm. After analysis of componants ans sources of foreign exchange risk, its management is set in a strategics-tactics frame, implying a dualist horizon for decision making : long term to prevent the risk, short terme for its covering. This work deals with bases and expression of the french exporter's decision, in the matter of foreign exchange risk management. Founded upon imperical observation of individual behaviours, the purpose is to identify operational decision making models for the firm. After analysis of componants and sources of foreign exchange risk, its management is set in a strategics-tactics frame, implying a dualist horizon for decision making : long term to prevent the risk, short term for its covering.

Abstract FR:

Cette etude se propose de mener une reflexion sur les fondements et la formulation des choix pour l'entreprise exportatrice francaise, en matiere de gestion du risque de change. S'appuyant sur l'analyse des comportements individuels observables chez les firmes, la demarche adoptee vise l'identification de modeles d'aide a la decision operationnels, et exploitables par les interessees. Apres la mise en evidence des composantes du risque de change et de ses sources, la gestion de celui-ci est concue dans le cadre d'une dialectique strategie-tactique impliquant des prises de decision sur un horizon dualiste : de long terme pour une prevention du risque; de court terme pour sa couverture.