Exchange rate fluctuations and multinational subsidiary responses

Hood, N., Young, S. and Peters, E. (1997) Exchange rate fluctuations and multinational subsidiary responses. Journal of General Management, 22(4), pp. 31-48.

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Abstract

Considers research into the functions of multinationals' subsidiaries, and focuses on issues related to geography and exchange rates, discussing some literature on exchange risk and subsidiaries; looks at multinationals operating in Scotland, and reports on interview surveys from both 1985 and 1993 to assess the impact of currency instability (the timing of the surveys being after the fall in the average US dollar to sterling rate and the decision to leave the Exchange Rate Mechanism). Discusses the effects of sterling depreciation on imports and exports, contrasting results from the two surveys, and the responses to this depreciation, e.g. in respect of export promotion; comments on the impact on European manufacture, and makes some general observations with regard, for instance, to subsidiary managers' attempts to respond to exchange rate variations.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Young, Professor Stephen
Authors: Hood, N., Young, S., and Peters, E.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Journal of General Management
ISSN:0306-3070

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