Greece: How can companies manage the new risks?

CEOs and CFOs must understand that political risk can have a significant impact on a company's profitability. The current situation in Greece is a prime example of this. But how does the risk of Greece's default affect U.S. firms doing business with Greek companies? The authors examine the...

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Bibliographic Details
Published inThe Journal of Corporate Accounting & Finance Vol. 21; no. 6; pp. 19 - 24
Main Authors Lobo, Bento J., Wann, Christi, Fulmer Jr, John G.
Format Journal Article Trade Publication Article
LanguageEnglish
Published Hoboken Wiley Subscription Services, Inc., A Wiley Company 01.09.2010
Wiley Periodicals Inc
Subjects
Default
National debt
Political risk
Risk management
Greece
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Summary:CEOs and CFOs must understand that political risk can have a significant impact on a company's profitability. The current situation in Greece is a prime example of this. But how does the risk of Greece's default affect U.S. firms doing business with Greek companies? The authors examine the impact on two kinds of U.S. firms: those exporting to Greece and those importing from Greece. The authors then look at ways to manage the impact of sovereign risk of default. © 2010 Wiley Periodicals, Inc.
Bibliography:istex:255342C07B1714258C5ADCAD9208156A5A508A8F
ArticleID:JCAF20623
ark:/67375/WNG-JPC1NQ80-P
ISSN:1044-8136
1097-0053
DOI:10.1002/jcaf.20623