Article

Current practices of treasury management in belgium's largest industrial companies

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It is likely that, because of the increased volatility in the economic and political environment, the treasury function in most companies has not only changed greatly, but has also become much more important over the last few years. Advances in banking technology and the treasury use of the micro-computer are also challenging traditional practices in these areas in most of the industrial countries. Nevertheless, very little is known about actual corporate practice essentially outside the U.S. The purpose of this study was to survey the current state of practice of treasury management in large companies located in Belgium. This article analyses and compares corporate responses in three important areas of treasury management, i.e. managing banking relations, domestic cash management and the management of foreign exchange exposure. The study also attempts to gauge the sophistication of the treasury function in Belgium's largest industrial companies. The country is one of the world's most open trading economies with an export to GNP ratio of 75.7% for 1984. Because of the small home market and the lack of natural resources (except for the troubled coal mining sector) Belgian business firms are by necessity very much involved in international trade, essentially via export and import activities.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

ATC MG SOE c

Penerbit

Spain : Emerald., 2007

Deskripsi Fisik

3 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

MG

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

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Subjek

Industrial Companies

Info Detail Spesifik

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Pernyataan Tanggungjawab

Luc A. Soenen

Versi lain/terkait

Lampiran Berkas

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