Global Financial Risk

| September 30, 2015

What did Carlos Ghosn and Nissan do in order to manage global financial risk and why? Did Nissan follow Napolo’s (2005) 8 steps? Discuss which steps they did and those they did not follow. Global businesses are often exposed to financial risks such as currency volatility. These foreign exchange (FX) risks affect all aspects of a global firm. Next, you will read about the automobile industry. Auto makers’ operations and manufacturing can be affected by currency fluctuations. In the assigned articles and case you will find out how Nissan and other firms managed this FX risk. references Kim, Yong-Cheol & R. McElreath (2001) “Managing operating exposure: A case study of the automobile industry”, Multinational Business Review. Detroit: Spring 2001. v 9, Iss. 1; pg. 21-27. Book Review (2005) “The gaijin who saved Nissan”, Business Week,1/17/2005, accessed 5/16/2009 at: http://www.businessweek.com/magazine/content/05_03/b3916021_mz005.htm Napolo, D. (2005) “Managing FX risk; an eight step plan to establish corporate foreign exchange policy”, Treasury & Risk Management magazine, March 2005. Accessed 5/16/2009 at: https://www.wellsfargo.com/downloads/pdf/com/focus/risk/manage_fx_risk_ reprint.pdf Note: examine information on Nissan’s websites below. Bandwidth restrictions may prohibit your accessing Nissan’s website; however, it is still possible to complete the assignment without access. http://www.nissanusa.com/more-nissan-sites/ http://www.nissanusa.com/about/

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Financial Statements and Analysis
FIN501 SLP1,2,3,4,5 & FIN501 Case #3

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