Document Details

Document Type : Thesis 
Document Title :
Hedge against the risk of exchange rate fluctuations and the impact on the cash flow statement, a field study on the Saudi stock companies
التحوط ضد مخاطر تقلبات سعر الصرف وتأثيرها على قائمة التدفقات النقدية، دراسة ميدانية على الشركات المساهمة السعودية
 
Subject : Faculty of Economics and Management - Department of Accounting 
Document Language : Arabic 
Abstract : The main purpose of the study is to clarify the effect of foreign exchange risks on items of cash flows statements of Saudi Arabia joint-stock companies, to study to what extent financial derivatives are used as hedges against foreign exchange risks, to identify most types of financial derivatives used as hedges against such risks and to show the effect of financial derivative contracts as hedges against such risks on items of cash flows statements of Saudi Arabia joint-stock companies. In order to achieve such purposes, the researcher studied financial reports and cash flows statements of a sample of joint-stock companies that are exposed to foreign exchange fluctuations. Moreover, she distributed a survey to a sample of accountants and auditors at a sample of Saudi Arabia joint-stock companies that have transactions in foreign currency to know their opinions of using financial derivatives contracts as hedges against foreign exchange risks and their effect on cash flows. Descriptive methods and statistical tests were used to test the study hypotheses to reach that on the ground, no disclosure of cash flows of financial derivatives used as hedges against foreign exchange risks is made amongst cash flows items and that a percent of 75.6% of the sample see that such risks affect items of cash flows statements although on the ground there is no interest in disclosure of cash flows resulting from foreign exchange fluctuations. The researcher reached that 72% of the Saudi Arabia joint-stock companies sample use financial derivatives as hedges against foreign exchange risks, while a percent of 51.4% of the sample see that financial derivatives are not used in a broad range. According to the research, forward exchange contracts are at the first rank followed by future exchange contracts. At the end, 74.4% of the sample sees that financial derivatives contracts used as hedges against foreign exchange risks affect items of cash flows statement, as there is a strong positive correlation between to what extent financial derivatives are used by Saudi Arabia joint-stock companies as hedges against foreign exchange rates and the effect of such financial derivatives contracts on items of cash flows statement. 
Supervisor : Dr. Nihal Elgendy 
Thesis Type : Master Thesis 
Publishing Year : 1434 AH
2013 AD 
Added Date : Tuesday, September 17, 2013 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
أنفال عبدالله كنسارةKnsarah, Anfal AbdullahResearcherMaster 

Files

File NameTypeDescription
 36049.pdf pdf 

Back To Researches Page