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A STUDY ON FOREIGN CURRENCY DERIVATIVES UTILIZATION IN KOREA SHIPBUILDING INDUSTRY
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | AshurovAbdulazizRustamovich | - |
| dc.date.accessioned | 2017-02-22T02:17:06Z | - |
| dc.date.available | 2017-02-22T02:17:06Z | - |
| dc.date.issued | 2014 | - |
| dc.date.submitted | 2014-11-11 | - |
| dc.identifier.uri | http://kmou.dcollection.net/jsp/common/DcLoOrgPer.jsp?sItemId=000002174185 | ko_KR |
| dc.identifier.uri | http://repository.kmou.ac.kr/handle/2014.oak/8141 | - |
| dc.description.abstract | 2007-2009년도 글로벌 금융 위기 동안에 대한민국 조선 업체의 대부분이 환율의 변동성으로 인해 환율 위험에 직면되었다. 금융 노출 위험을 감수는 헤징, 즉 외환 파생 상품 사용은 기업에 좋은 영향을 준다. 연구의 일반적인 목표는 회사의 유형과 연도에 따라, 그리고 금융 위기 이전과 이후 해외 판매와 관계가 있는 외환 파생 사용률이 한국의 조선 산업에 어떤 영향을 준 것에 대한 이해를 발전하는 것이다. 이 연구는 KOSHIPA 및 KOSIC가 제시 한 통계 자료에 기초하고 t-검정과 ANCOVA로 분석된다. 분석의 결과는 회사의 종류와 환율의 변동성의 기간에 외환 파생 상품 및 외환 노출 사이에 상당한 관계가 있다는 것을 보여준다. | - |
| dc.description.abstract | During the Global Financial Crisis in 2007-2009, most of Korean shipbuilding companies confronted to currency risk because of the volatility of exchange rate. The use of hedging, in particular foreign currency derivatives, to take a risk in the financial exposure gives the good effect to companies. The overall aim of the research is to advance an understanding of how the FCD utilization gave an effect to the Korean shipbuilding industry in relation with its foreign sales by company types and through years as well as its importance before and after periods of the crisis. This research is based on the statistical data presented by KOSHIPA and KOSIC and it is analyzed by t-test and ANCOVA. The results of the analysis show that the there is a significant relationship between the foreign currency derivatives and foreign currency exposure through company types and volatility period of exchange rate. | - |
| dc.description.tableofcontents | Table of contents List of Tables and Figures……iii Abstract……iv Acknowledgement……vi Chapter One: Introduction……1 1.1 Background and objectives……1 1.2 Research scope……7 1.3 Method of study……9 1.4 Structure of thesis……11 Chapter Two: Theoretical Review ……13 2.1 Exchange rate exposure ……13 2.2 Exchange rate exposure hedging ……16 2.3 Literature review on FCD utilization……20 Chapter Three: Research Design……25 3.1 Research model……25 3.2 Definition of variables……27 3.3 Research hypothesis……31 3.4 Research methodology……35 Chapter Four: Results of Empirical Analysis……37 4.1 Definition of samples……37 4.2 Descriptive statistics……39 4.3 Estimation of the outcome results……43 4.4 Summary of the hypotheses test……49 Chapter Five: Conclusion and Implications……52 5.1 Research Findings and Implications……52 5.2 Limitations……56 Reference……57 Appendix……60 List of Tables and Figures List of tables Table 1 Variables……25 Table 2 Selection criteria for data collection……39 Table 3 Descriptive statistics of sample in general……41 Table 4 Descriptive statistics of FSA & FCDA in general41 Table 5 Descriptive statistics of sample by group……42 Table 6 Descriptive statistics of FSA & FCDA by group……43 Table7 t-test for equalities of means in two groups of Korea shipbuilding industry……44 Table 8 Results for Hypothesis 1……45 Table 9 ANCOVA results for Hypothesis 2……46 Table 10 ANCOVA results for Hypothesis 3……48 Table 11 ANCOVA results for Hypothesis 4……50 Table 12 Final results for Hypothesizes……51 List of figures Figure 1 The exchange rate of KRW to USA in 2001 – 2012………29 Figure 2 Data collection ……40 | - |
| dc.language | eng | - |
| dc.publisher | Korea Maritime and Ocean University | - |
| dc.title | A STUDY ON FOREIGN CURRENCY DERIVATIVES UTILIZATION IN KOREA SHIPBUILDING INDUSTRY | - |
| dc.title.alternative | 한국 조선 산업에서 외환 파생 상품 활용에 관한 연구 | - |
| dc.type | Thesis | - |
| dc.date.awarded | 2014-08 | - |
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