03563nas a2200409 a 4500 20260818085617.0 161108s2012 th uu|m rtt 0| a1eng d .b12173587 AIT RSPR no.SM-12-05 Chatwaroon Ponyiam The currency hedging and firms' behavior : evidence from Thai manufacturing Pathum Thani, Thailand : Asian Institute of Technology, 2012 67 leaves : ill. Research studies project report ; no. SM-12-05 A research study Submitted in partial fulfillment of the requirements for the degree of Master of Business Administration Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2012 The fluctuation of the Baht has affected the revenue s of Thai manufacturing firms. A currency hedging is an important instrument to minimize foreign currency exchange fluctuation risk . Although currency hedging instruments have been developed in Thailand for a decade, there is no clear evaluation whether such instruments can generate the benefits to manufacturing firms in the country. T his study aims to explore th is issue by using two main industries, electronics and processed food industries , as case studies . T hree key different firm characteristics , i.e. firm size, firm operation and, firm age are considered within these two industries . This research capture s currency hedging behavior s of 18 manufacturing firms in Thailand. The main investigation s demonstrate that 1) processed food firms are more likely to use derivatives against foreign currency risk than electronic firms , 2) large firms are more likely to us e derivative and operational hedging instruments than small firms 3) international firm s are more likely to use derivative and operational hedging instruments than domestic firms and 4) older firms are more likely to use derivative and operational hedging instruments than younger firms. Moreover, t he lack of knowledge on currency hedging tool and financial problem tend to be important obstacles for small firms in conducting derivatives . In conclusion, policy inferences are made to improve currency hedging market in the future. Electronic industries Thailand Food industry and trade Thailand Juthathip Jongwanich, Chairperson Winai Wongsurawat, Examination Committee Supasith Chonglerttham, Examination Committee RTG Fellowship, Scholarship donor Asian Institute of Technology. Research studies project report ; no. SM-12-05 Full-Text http://203.159.5.9/ait-thesis/detail.php?q=B01619 .b12173587 mnait m 240405 0 161108 m a m 4 000:001:PDF:b1217358:002740:0:0:0:0:0:0 Abstract--AIT RSPR no.SM-12-05 n mnait mnarc 20 40 Barcode : 30050120390413 CREATED : 2016-08-11 RECORD # : i13059166 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : 30050120403232 CREATED : 2017-07-20 RECORD # : i13090653 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 25017 25017 0 0 0 0 MAIN MAIN mnait 2026-08-18 50.00 0 AIT RSPR no.SM-12-05 30050120390413 2026-08-18 08:56:17 1 2026-08-18 20 0 0 0 0 MAIN MAIN mnarc 2026-08-18 0 AIT RSPR no.SM-12-05 30050120403232 2026-08-18 08:56:17 2026-08-18 40