Publications
Publications
- October 1994 (Revised November 1995)
- HBS Case Collection
N.V. Philips Electronics - Currency Hedging Policies
By: Richard F. Meyer
Abstract
Describes Philips Electronics' policies and problems relating to foreign exchange risk and hedging. Explains centralization versus decentralization of currency hedging, economic role versus transaction role, the difficulties of capturing the necessary information centrally, and assigning currency gains and losses in a matrix system of management.
Keywords
Business Divisions; Currency Exchange Rate; International Finance; Globalization; Policy; Information Management; Management; Problems and Challenges; Risk and Uncertainty
Citation
Meyer, Richard F. "N.V. Philips Electronics - Currency Hedging Policies." Harvard Business School Case 295-055, October 1994. (Revised November 1995.)